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flag Xcel Energy agrees to $640 million settlement over 2021 Marshall Fire caused by its equipment.

flag Xcel Energy has agreed to a $640 million settlement to resolve all legal claims related to the 2021 Marshall Fire in the Denver area, which destroyed about 1,000 structures. flag The agreement comes after the fire was linked to the company’s equipment, leading to widespread litigation. flag The settlement marks a significant step in addressing damages and losses incurred by affected residents and communities.

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