Important Takeaways:

• Xcel Energy admits faulty pole may be to blame for deadly Smokehouse Creek wildfire that torched 1million acres in Texas as residents line up to sue
• Xcel Energy has admitted its equipment was likely responsible for starting the worst fire in Texas history.
• The Smokehouse Creek fire ravaged more than a million acres of land, killed two residents and burned dozens of cattle to death after igniting last Monday.
• The company is currently being sued by a local homeowner who alleged that a splintered power pole owned by the company fell and started the catastrophic blaze.
• ‘Based on currently available information, Xcel Energy acknowledges that its facilities appear to have been involved in an ignition of the Smokehouse Creek fire,’ the company said in a statement on Thursday.

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