Supplies electricity and natural gas services to millions of customers, with a strong emphasis on renewable energy and sustainability initiatives.
Xcel Energy Inc., operating through its subsidiaries, is a leading provider in the energy sector with a diverse portfolio encompassing electricity generation, transmission, distribution, and sales. The company, established in 1909 and headquartered in Minneapolis, Minnesota, operates primarily through three segments: Regulated Electric Utility, Regulated Natural Gas Utility, and All Other.
Xcel Energy generates electricity from a variety of sources including coal, nuclear, natural gas, hydroelectric, solar, biomass, oil, wood/refuse, and wind energy. It not only serves residential, commercial, and industrial customers across multiple states including Colorado, Michigan, Minnesota, New Mexico, North Dakota, South Dakota, Texas, and Wisconsin, but also plays a pivotal role in natural gas distribution and transportation. The company manages natural gas pipelines, storage facilities, and compression infrastructure, ensuring reliable energy supply and efficient service for approximately 3.7 million electricity customers and 2.1 million natural gas customers.
Beyond its core utilities, Xcel Energy is committed to sustainable practices, actively investing in renewable energy initiatives and rental housing projects. It continually expands its renewable energy generation capabilities, procuring equipment and developing facilities to advance its commitment to environmental stewardship and community engagement. With a strong presence in the energy market and a dedication to innovation and sustainability, Xcel Energy remains at the forefront of shaping the future of energy solutions in the United States.