Xcel Energy CEO Ben Fowke and Mayor Betsy Hodges cut the ribbon at celebration for Xcel's new HQ on Nicollet Mall. Photo by Sarah McKenzie

Xcel Energy celebrates opening of new Nicollet Mall HQ

Updated: July 20, 2016 - 3:52 pm

Xcel Energy held a ceremonial ribbon cutting Tuesday to celebrate the opening of its new nine-story headquarters on the north end of Nicollet Mall.

Xcel leaders and Mayor Betsy Hodges also put items in a time capsule to be opened in 50 years, including a selfie stick, an Adele CD, an LED light bulb and a copy of the Clean Energy Partnership — the city’s unique collaboration with Xcel and CenterPoint Energy focused on achieving the city’s greenhouse gas reduction goals.

Northern States Power, Xcel’s predecessor, installed a time capsule in 1965. Opened last fall, it contained containers of coal, utility statements and a letter from two teenagers about what life was like for them, among other things.

The new LEED Silver-certified building built by the Opus Group is across the street from Xcel’s former headquarters at 414 Nicollet Mall. The two-building campus is allowing the company to consolidate operations that had been spread throughout downtown in various buildings. Xcel employs about 1,500 employees downtown, said Matt Lindstrom, a spokesman for Xcel.

Xcel Energy CEO Ben Fowke said the company is excited to be part of the revitalization of the north end of Nicollet Mall.

“With our new headquarters, Xcel Energy is doubling-down on its commitment to Minneapolis and the entire region by creating a unified campus and bringing our downtown workforce closer together,” he said in a prepared statement. “We look forward to continuing to be a strong partner in helping fulfill a broader vision for Nicollet Mall and the downtown Minneapolis area.”

It’s a busy week for celebrations downtown. Grand opening festivities are planned for the new Wells Fargo towers on Wednesday, the Commons park on Thursday and the new U.S. Bank Stadium this weekend.