Xcel Energy

"Xcel" redirects here. For the welding company, see Xcel-Arc. For other uses, see Excel.

Xcel Energy Inc.
Company typePublic
IndustryUtilities
FoundedJune 17, 1909; 115 years ago (1909-06-17) in Stillwater, Minnesota, U.S. (as Washington County Light & Power Company)
FounderH.M. Byllesby
Headquarters
Minneapolis, Minnesota
,
U.S.
Area served
  • NSPM: Minnesota, North Dakota, and South Dakota
  • NSPW: Michigan and Wisconsin
  • PSCo: Colorado
  • SPS: New Mexico and Texas
Key people
Products
Production output
  • Electric: 114.98 TWh
  • Natural Gas: 406.74 TBtu
  • (2023)
RevenueDecrease US$14.21 billion (2023)
Increase US$2.481 billion (2023)
Increase US$1.771 billion (2023)
Total assetsIncrease US$64.08 billion (2023)
Total equityIncrease US$17.62 billion (2023)
Number of employees
11,311 (2023)
Subsidiaries
Websitemy.xcelenergy.com
Footnotes / references
[1][2]

Xcel Energy Inc. is a U.S. regulated electric utility and natural gas delivery company based in Minneapolis, Minnesota, serving more than 3.7 million electric customers and 2.1 million natural gas customers across parts of eight states (Colorado, Minnesota, Wisconsin, Michigan, North Dakota, South Dakota, Texas and New Mexico).[3] It consists of four operating subsidiaries: Northern States Power-Minnesota, Northern States Power-Wisconsin, Public Service Company of Colorado, and Southwestern Public Service Co.[4]

In December 2018, Xcel Energy announced it would deliver 100 percent clean, carbon-free electricity by 2050, with an 80 percent carbon reduction by 2035 (from 2005 levels). This makes Xcel the first major US utility to set such a goal.[5][6]

  1. ^ "Xcel Energy Inc 2023 Annual Report (Form 10-K)". U.S. Securities and Exchange Commission. February 24, 2024.
  2. ^ "NRG Energy Inc FY2003 Form 10-K". March 16, 2004.
  3. ^ "Corporate Profile | Xcel Energy". Xcel Energy Corporate Governance. Retrieved January 30, 2023.
  4. ^ "Xcel Energy, Form 10-Q, Quarterly Report, Filing Date Apr 27, 2018". SECDatabase.com. Retrieved May 5, 2018.
  5. ^ Roberts, David (December 5, 2018). "For the first time, a major US utility has committed to 100% clean energy". Vox. Retrieved December 7, 2018.
  6. ^ "Xcel Energy Continues to Deliver Progress in Achieving Carbon Reduction Goals". Businesswire. Retrieved June 12, 2024.