Xcel Extends Appliance Recycling Contract

By New Mexico Business Weekly

Xcel Energy has extended its contract with Appliance Recycling Centers of America Inc. to provide refrigerator recycling services.

Under the contract, extended through Dec. 31, 2011, Xcel offers residential electric customers in Colorado, Minnesota and New Mexico the opportunity to receive incentive payments when turning in old, but still operational, secondary refrigerators to Appliance Recycling Centers for recycling.

Colorado and New Mexico customers are eligible for $50 incentive checks for qualifying refrigerators. Minnesota residents receive $35. The incentive checks are paid directly to customers by Xcel.

Appliance Recycling Centers (NASDAQ: ARCI), based in Minneapolis, is one of the nationâ¿¿s largest recyclers of household appliances for the energy conservation programs of electric utilities. It provides services for 150 utility programs in the U.S. and Canada.

Minnesota-based Xcel (NYSE: XEL) is an electric and natural gas company that provides products and services to 3.4 million electric customers and 1.9 million natural gas customers in eight Western and Midwestern states.

Copyright 2011 American City Business Journals

http://www.bizjournals.com/albuquerque/news/2011/01/05/Xcel-appliance-recycling-contract.html?ana=thestreet

Copyright bizjournals.com 2010

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