Xcel Energy

NSPM: Minnesota, North Dakota, and South Dakota
NSPW: Michigan and Wisconsin
PSCo: Colorado
SPS: New Mexico and Texas

Xcel Energy Inc.
	1800 Larimer, Xcel Energy Regional Headquarters, in Denver, Colorado
Type	Public
Traded as	Nasdaq: XEL; DJUA component; Nasdaq-100 component; S&P 500 component;
Industry	Utilities
Founded	June 17, 1909 in Stillwater, Minnesota, U.S. (as Washington County Light & Power Company)
Founder	H.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	Robert C. Frenzel (chairman, president, and CEO); Timothy O'Connor (Executive VP and COO); Brian J. Van Abel (Executive VP and CFO);
Products	Electric Power; Natural Gas;
Production output	Electric: 114.98 TWh; Natural Gas: 406.74 TBtu; (2023);
Revenue	US$13.44 billion (2024)
Operating income	US$2.386 billion (2024)
Net income	US$1.936 billion (2024)
Total assets	US$70.04 billion (2024)
Total equity	US$19.52 billion (2024)
Number of employees	11,380 (2024)
Subsidiaries	Northern States Power Company (Minnesota); Northern States Power Company (Wisconsin); Public Service Company of Colorado; Southwestern Public Service Company; NRG Energy (1992–2003);
Website	my.xcelenergy.com
	Footnotes;

Xcel Energy Inc. is a U.S. regulated electric utility and natural gas delivery company based in Minneapolis, Minnesota, serving approximately 3.9 million electricity customers and 2.2 million natural gas customers across parts of eight states as of mid-2025. It consists of four operating subsidiaries: Northern States Power-Minnesota, Northern States Power-Wisconsin, Public Service Company of Colorado, and Southwestern Public Service Co.

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.