ALBANY, N.Y. (AP) - New York Attorney General Andrew Cuomo says
Xcel Energy has agreed to disclose risks to investors from its
stake in coal-burning power plants and any related liability from
global warming, lawsuits and new regulations or laws.
Cuomo says coal plants can significantly contribute to climate
change "and investors have the right to know all the associated
risks."
Cuomo said in September he was investigating Xcel, AES, Dominion
Resources, Dynegy and Peabody Energy. He said today the Xcel
agreement sets a precedent. A Cuomo spokesman says negotiations are
under way with the other four companies subpoenaed along with Xcel.
Xcel President Dick Kelly says the company already reports on
plant emissions and now will provide more detail.