Xcel Energy has accelerated its energy engine in utility markets across the US. The utility holding company distributes electricity to 3.4 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 80 generating plants, more than 87,750 miles of transmission lines and about 191,840 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's commercial operations manage the generation fleet and all wholesale activities for Xcel Energy's four public utility subsidiaries.

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

Xcel's revenues dropped by 5% in 2012 primarily due to 15% decrease in Natural Gas revenues due to the higher purchased natural gas costs and a 3% decrease in the Electric revenues as a result of lower fuel and purchased power cost recovery.

However, net income increased by 8% in 2012 thanks to lower demand leading to the reduced cost of natural gas sold and transported. Demand was also lower because of reduced conservation and demand side management program expenses.


To meet the demands both of customers and regulators, Xcel plans to invest $13 billion in its utility businesses from 2013 through 2017 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 announced an expanded agreement with the National Center For Atmospheric Research for sophisticated renewable energy forecasting as a way to help it save millions of dollars. In 2012 Xcel was seeking proposals for renewable resources other than wind or solar as part of its plan to diversify Southwestern Public Service Company renewable energy portfolio.

As one of the largest US utility wind energy providers, Xcel produced more than 2,100 KWh of wind energy in 2012. In 2011 Xcel bought the 200 MW Limon Wind Energy Center, which will have 125 turbines in Lincoln and Elbert counties on Colorado's Front Range east of Denver. 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.

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. The company 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 compared to alternative sources.

Xcel plans to construct one of the largest biomass generating plants in the Midwest. The facility, proposed for the Bay Front Generating Station in Ashland, Wisconsin, will generate power from burning wood waste in all three operating units by 2014. In 2012 Xcel had 532 MW of biomass generating power in Minnesota and Wisconsin.

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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 Sparby
  • SVP Operations: Kent Larson
  • SVP and Group President; President and CEO, Northern States Power Company - Minnesota: David Sparby

Major Office Locations

  • Minneapolis, MN

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