The way we produce, distribute and use energy has changed over time. And it will continue to change. Within the next decade and beyond, it is possible that there will be more change in our industry than we have experienced in the last half century. Addressing the challenges and opportunities facing our industry requires that we continue meeting the fundamental customer requirements for reliable, affordable energy, while anticipating the growing interest in more complex energy solutions and emerging technologies.
Xcel Energy’s strategic priorities support our company mission to provide energy services that our customers value at a competitive price, while continuing to consistently meet or exceed investor expectations. Focus on these priorities helps prepare our company for competition and position us for continued success in a changing utility landscape.
Xcel Energy’s core objectives address impacts, challenges, opportunities and stakeholder interests.
A full description of our risk oversight and management processes is available in our 2015 Form 10-K, along with a description of the risks associated with Xcel Energy’s business.
For the 11th consecutive year, we have met or exceeded our earnings guidance. Since 2005, we have achieved annual ongoing earnings growth of 6.2 percent.
Since launching our ambitious Journey to Zero workplace safety campaign in 2010, employee injuries are down 50 percent.
Xcel Energy’s extensive portfolio of energy efficiency programs gives customers more control over their energy use. By the end of 2015, customers had saved enough energy to power more than 1.5 million homes annually.
We consistently support our communities through a combination of Xcel Energy Foundation grants, employee matching gifts and volunteerism.
On average Xcel Energy customers have electricity service more than 99.9 percent of the time, putting our reliability performance in the top one-third of U.S. electric utilities, and our storm response is considered among the best in the industry.
Through a number of projects underway, we are diversifying our energy supply. We are retiring and repowering some of our coal-fueled plants with cleaner natural gas and adding more wind and solar energy sources.
We have reduced carbon dioxide emissions 24 percent since 2005 and are on pace to reduce these emissions 30 percent by 2020 by adding more renewable energy sources, helping customers save energy and modernizing our generating fleet.
Through our clean energy strategy and other efforts, we are reducing air emissions. Since 2005, we have reduced both sulfur dioxide and nitrogen oxide emissions 67 percent.
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