Xcel Energy has accelerated its energy engine in utility markets across the US. The utility holding company distributes electricity to 3.5 million customers and natural gas to 1.9 million in eight states through four regulated utilities; Colorado and Minnesota account for most of its customers. Its utilities -- Northern States Power (NSP-Minnesota and NSP-Wisconsin), Public Service Company of Colorado, and Southwestern Public Service (in New Mexico and Texas) -- have the combined capacity of more than 17,000 MW of electricity. Xcel owns transmission and distribution lines, as well as natural gas assets. It is also a leading wind power provider in the US, with wind farms in Colorado, Minnesota, and Texas.

Geographic Reach

The company serves customers in Colorado, Michigan, Minnesota, New Mexico, North Dakota, South Dakota, Texas, and Wisconsin.

Xcel operates power and gas utilities: Northern States Power Company-Minnesota; Northern States Power Company-Wisconsin, Public Service Company of Colorado; and Southwestern Public Service Company. The holding company has more than 75 generating plants, more than 87,165 miles of transmission lines and about 193,110 miles of distribution lines. It also operates an interstate natural gas pipeline company and a joint venture to develop and lease natural gas pipelines, storage, and compression assets. Xcel has 2,248 miles of natural gas transmission pipeline  and 33,872 miles of distribution pipeline. Xcel's commercial operations manage the generation fleet and all wholesale activities for Xcel Energy's four public utility subsidiaries.

The company is also the US's fifth-largest utility solar energy provider and owns the fourth-largest transmission system. In addition, Xcel operates more than 25 hydroelectric power plants in Colorado, Minnesota, and Wisconsin.

Sales and Marketing

The company's major commercial and industrial electric sales are to customers in the petroleum and coal, as well as food products industries.  It also serves small commercial and industrial customers, and gets significant electric retail sales from real estate customers  and school systems and universities.

Financial Performance

After experiencing lower natural gas and electric revenues in 2012, in 2013 Xcel's revenues grew by 8% due to a 17% increase in natural gas revenues (thanks to the purchased natural gas adjustment clause recovery and a 6% increase in the electric revenues as a result of higher fuel and purchased power cost recovery). Natural gas margins increased as the result of cooler winter weather (which spurred demand) and rate increases in Colorado and Wisconsin.

In 2013 the company's net income increased by 5% due to higher revenues, an increase in equity earnings on subsidiaries and allowance for funds used during construction.    

After experiencing a drop in operating cash inflow in 2012 due to deferred income tax and change in working capital, in 2013 Xcel's operating cash inflow increased to $ 2.6 billion (from $2 billion in 2012) due to higher net income and a change in working capital.


To meet the demands both of customers and regulators, Xcel plans to invest $14.1 billion in its utility businesses from 2014 through 2018 to modernize infrastructure, improve system reliability, reduce environmental pollution, and expand the amount of renewable energy available to its customers. Xcel has long-term plans to move from coal-fired plants to natural gas, and on to alternative fuels such as wind, solar, and biomass to boost its green power capacity (88,705 MWh by 2015). In 2013 the company expanded its agreement with the National Center For Atmospheric Research for sophisticated renewable energy forecasting as a way to help it save millions of dollars.

The company believes its strategy of making environmentally sound investments is pivotal to its success. It is constructing the CapX2020 project, a joint venture transmission expansion project with 10 other utilities, scheduled for completion by 2020. The project includes a 240-mile transmission line from Minnesota to North Dakota. It has has filed to extend the licensing plants of its two nuclear plants on Prairie Island in Minnesota for 20 years, which it expects to save customers more than $1 billion.

In 2013 The New Mexico Public Regulation Commission has approved Xcel Energy's plan to buy 698 MW of additional wind energy for its Texas-New Mexico system, which will save area customers an estimated $590 million in fuel costs over the 20-year life of the contracts. New wind facilities planned for Roosevelt County, New Mexico, Hansford and Ochiltree counties, Texas, and Dewey and Blaine counties, Oklahoma, will supply the power.

Xcel is also working to develop so-called "smart grid" technology, which will provide customers with more reliability and control over their energy use. It has completed the nation's first fully integrated SmartGridCity in Boulder, Colorado.

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414 Nicollet Mall
Minneapolis, MN 55401-1993
Phone: 1 (612) 330-5500


  • Employer Type: Public
  • Stock Symbol: XEL
  • Stock Exchange: NYSE
  • SVP and Group President; President and CEO, Northern States Power Company - Minnesota: David M. Sparby
  • SVP and Group President, Operations: Kent T. Larson
  • SVP and Group President; President and CEO, Northern States Power Company - Minnesota: David M. Sparby

Major Office Locations

  • Minneapolis, MN

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