Climate Risk Disclosure: Xcel Raises Questions

Law360, New York (September 16, 2008, 12:00 AM EDT) -- Earlier this month, Xcel Energy entered into a settlement with the state of New York as a result of an investigation of several publicly traded utility companies with coal-fired power plants.

The attorney general's office alleged that Xcel and four other named utilities – AES Corporation, Dominion Resources, Dynegy, and Peabody Energy – had failed to properly disclose climate risk in the companies' public filings.

In the settlement, Xcel Energy agreed to a variety of additional disclosures relating to climate risk.

This settlement raises at least...
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