All articles tagged with #colorado wildfire
Xcel Energy will pay approximately $640 million to settle lawsuits related to the 2021 Colorado wildfire that caused two deaths and destroyed nearly 1,000 homes, with the settlement canceling a trial and providing relief to victims, while the company maintains it did not cause the fire.
Xcel Energy agreed to a $640 million settlement to resolve a lawsuit over its alleged role in causing the 2021 Marshall fire in Colorado, avoiding a lengthy trial with over 4,000 plaintiffs. The settlement includes contributions from telecommunications companies and does not admit fault, as Xcel maintains its equipment was not responsible for the fire.
Dozens of insurance companies are suing Xcel Energy, an energy corporation based in Minneapolis, to recover funds paid out for damages caused by Colorado's destructive 2021 wildfire. Investigators found that a power line owned by Xcel was one of the causes of the fire, which destroyed nearly 1,000 homes and resulted in two deaths. The insurance companies allege that Xcel failed to properly design, construct, and maintain its electrical equipment. Xcel disputes the findings and claims that the fire started away from its power lines. More lawsuits are expected to be filed against the company.