Xcel Energy Reaches Settlement Agreements to Resolve All Litigation Related to 2021 Marshall Fire
Xcel Energy Inc. has reached settlement agreements with Qwest Corporation and Teleport Communications America to resolve all litigation related to the 2021 Marshall Fire in Colorado. The settlements, totaling approximately $640 million, will cover claims from insurers, public entities, and individual plaintiffs, with about $350 million insured. Xcel Energy denies any fault or wrongdoing. The settlements are pending final documentation and require individual plaintiffs to opt in.
Xcel Energy Inc. and telecom companies Qwest Corporation and Teleport Communications America have reached agreements in principle to settle all litigation related to the 2021 Marshall Fire in Colorado. The settlements, once finalized, will resolve claims brought by subrogation insurers, public entities, and individual plaintiffs. Xcel Energy expects to pay approximately $640 million under the settlement, with around $350 million covered by insurance. The company maintains that its equipment did not cause or contribute to the fire and does not admit any fault or wrongdoing as part of the resolution. The settlements are subject to final documentation and require individual plaintiffs to opt in. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Xcel Energy Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20250924059493) on September 24, 2025, and is solely responsible for the information contained therein. © Copyright 2025 - Public Technologies (PUBT)
