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Utilities : Electric Utilities | Mid Cap Blend
Company profile

Xcel Energy Inc. is an electric and natural gas delivery company. The Company provides a portfolio of energy-related products and services through its four utility subsidiaries. Its segments include Regulated Electric and Regulated Natural Gas. The Regulated Electric utility segment generates, transmits, and distributes electricity in Minnesota, Wisconsin, Michigan, North Dakota, South Dakota, Colorado, Texas and New Mexico. In addition, it also engaged in the sales for resale and provides wholesale transmission service to various entities in the United States. The Regulated Natural Gas segment transports, stores and distributes natural gas primarily in portions of Minnesota, Wisconsin, North Dakota, Michigan and Colorado. Its utility subsidiaries include NSP-Minnesota, NSP-Wisconsin, Public Service Company of Colorado, and Southwestern Public Service Co. (SPS). The Company also offers residential services, such as heating and cooling solutions and home services.


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Sean 'Diddy' Combs paying $185 mln for cannabis stores

7:39 am ET November 4, 2022 (MarketWatch)

Cresco Labs Inc. and Colombia Care Inc. on Friday confirmed plans by rap music mogul Sean "Diddy" Combs to pay up to $185 million for licensed cannabis companies in New York, Massachusetts and Illinois. The Wall Street Journal initially reported the transaction. The deal will create the first multi-state cannabis operator owned by a minority. Combs would acquire stores on the selling block as a result of the pending all-stock merger between Cresco Labs and Colombia Care. The deal includes four retail stores and one production asset in New York State; three retail stores and one production facility in Massachusetts and two retail stores and one production asset in Illinois. Combs said Blacks are underrepresented in the cannabis industry despite decades of being disproportionately arrested for cannabis law violations. "It's diabolical," Combs told The WSJ. "How do you lock up communities of people, break down their family structure, their futures, and then legalize it and make sure that those same people don't get a chance to benefit or resurrect their lives from it?" The AdvisorShares Pure US Cannabis ETF is down 58.4% in 2022 compared to a 33.9% loss by the Nasdaq .

-Steve Gelsi


(END) Dow Jones Newswires

November 04, 2022 07:39 ET (11:39 GMT)

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