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 2 million in eight states through four regulated utilities. Colorado and Minnesota account for most of the company's 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.


Xcel Energy's holding company has 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 2,405 miles of natural gas transmission pipeline and 34,091 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 26 hydroelectric power plants in Colorado, Minnesota, and Wisconsin.

Xcel's reportable segments are regulated electric utility, regulated natural gas utility, and all other. Regulated electric, the largest segment generates, transmits and distributes electricity, accounted for 84% of the company's total revenues in 2015; Regulated Natural Gas utility segment transports, stores and distributes natural gas (15%).

Geographic Reach

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

Sales and Marketing

Xcel Energy'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

In 2015 Xcel's net revenues decreased by 6%.

Electric revenues declined due to lower fuel and purchased power cost recovery, partially offset by various rate increases at NSP-Minnesota, NSP-Wisconsin and SPS as well as the non-fuel rider in Colorado.

Natural gas revenues dropped as the result of the purchased natural gas adjustment clause recovery, offset by operating expenses.

Net income decreased by 4% due to the presence of pre-tax charge of $129 million related to Monticello life cycle management/extended power project and a drop in net sales.

In 2015, cash from operating activities grew by 14% due to rate increases in various jurisdictions, higher customer refunds and income tax refunds received in 2015 (compared to taxes paid in 2014), partially offset by refunds issued as part of a settlement agreement with Golden Spread and PNM in 2015.


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 in 2015).

In 2015 the company announced plans to invest $15 billion in the next five years to grow its rate base by 3.7% annually while strengthening the grid and transitioning to a cleaner energy supply mix.

In 2015 NSP-Minnesota filed its 2016-2030 Resource Plan with the MPUC, proposing to achieve a 40% reduction in carbon emissions by 2030 from 2005 levels through the significant addition of renewables, continued commitment to specific CIP annual achievements, and the continued operation of its existing cost-effective thermal generation.

In 2014 the City of Minneapolis and Xcel Energy signed a 10 year franchise agreement. A separate clean energy partnership agreement with the City of Minneapolis was also signed, which establishes a board comprised of city and utility officials tasked with creating a work plan to promote energy efficiency, the use of renewable energy, and the reduction of carbon emissions.

That year Public Service Company of Colorado filed a plan to construct a new 345 KV transmission line originating from Pawnee Station, near Brush, Colorado and terminating at the Daniels Park substation, near Castle Pines, Colo. The estimated cost of the project is $178 million.

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 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
  • Chairman, President, and CEO: Benjamin G. S. Fowke
  • EVP and CFO: Robert C. Frenzel
  • EVP and Group President, Operations: Kent T. Larson
  • 2016 Employees: 11,512

Major Office Locations

  • Minneapolis, MN
  • Saint Paul, MN

Other Locations

  • Orangevale, CA
  • Alamosa, CO
  • Arvada, CO
  • Aurora, CO
  • Boulder, CO
  • Brush, CO
  • Colorado Springs, CO
  • Denver, CO
  • Durango, CO
  • Glenwood Springs, CO
  • Golden, CO
  • Granby, CO
  • Grand Junction, CO
  • Greeley, CO
  • Hayden, CO
  • Henderson, CO
  • Ignacio, CO
  • Lakewood, CO
  • Loveland, CO
  • Pueblo, CO
  • Rifle, CO
  • Silverthorne, CO
  • Wiggins, CO
  • Covert, MI
  • Albany, MN
  • Bayport, MN
  • Becker, MN
  • Brainerd, MN
  • Burnsville, MN
  • Cannon Falls, MN
  • Dodge Center, MN
  • Elk River, MN
  • Excelsior, MN
  • Inver Grove Heights, MN
  • Mankato, MN
  • Maple Grove, MN
  • Montevideo, MN
  • Monticello, MN
  • New Richland, MN
  • Newport, MN
  • Red Wing, MN
  • Saint Cloud, MN
  • Shakopee, MN
  • Welch, MN
  • Winona, MN
  • Zumbrota, MN
  • Grand Forks, ND
  • Clovis, NM
  • Hobbs, NM
  • Roswell, NM
  • Canistota, SD
  • Elkton, SD
  • Salem, SD
  • Sioux Falls, SD
  • Amarillo, TX
  • Austin, TX
  • Dumas, TX
  • Earth, TX
  • Lubbock, TX
  • Plainview, TX
  • Abbotsford, WI
  • Amery, WI
  • Cornell, WI
  • Ladysmith, WI
  • Madison, WI
  • Menomonie, WI
  • Rice Lake, WI
  • Saint Croix Falls, WI
  • Sparta, WI
  • Cheyenne, WY
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