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Xcel to Buy 700 Megawatts of NextEra, Infinity Wind Power

Xcel Energy Inc., the biggest U.S. provider of wind power, plans to boost its wind capacity by about 14 percent to reduce fuel costs.

Xcel’s Southwestern Public Service unit is asking regulators for permission to buy power from almost 700 megawatts of wind farms in Oklahoma, Texas and New Mexico, the Minneapolis-based company said yesterday in a statement on its website.