Summary
Minneapolis-based Xcel Energy is an electric and natural gas utility with regulated operations in eight Western and Midwestern states. XEL provides generation, distribution, and transmission services and has a generating capacity of about 20,600 megawatts. The company provides utility services to 3.8 million electricity customers and 2.1 million natural gas customers through its regulated utilities. About one-fourth of customers are in the Denver area and are served by subsidiary PSCo. In addition to providing power, XEL has pipeline infrastructure and natural gas storage/compression operations.
Of consolidated 2024 revenues, just over 80% were from electric sales. In January 2025, regulators approved a twenty-year extension to operations of the utility’s nuclear plant
