Xcel Energy sells Michigan gas operations to SEMCO, electric business to UPPCO

• Xcel Energy agreed to sell its Michigan natural gas business to SEMCO ENERGY Gas, electric operations to Upper Peninsula Power.
• Assets serve about 6,000 natural gas customers, 9,000 electric customers in Michigan’s Gogebic and Ontonagon counties.
• Service is expected to continue without interruption, with no immediate changes to billing, rates, or customer service processes.
• Closing is expected in 2027, subject to state and federal regulatory clearances.

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: 202610060920BIZWIRE_USPR_____20261006_BW891984) on October 06, 2026, and is solely responsible for the information contained therein.