Xcel Energy Inc. is a U. S. regulated electric and natural gas delivery company headquartered in Minneapolis Minnesota. The company was incorporated in Minnesota in 1909 and has grown to serve customers in eight state territories including portions of Colorado Michigan Minnesota New Mexico North Dakota South Dakota Texas and Wisconsin. It delivers electricity and natural gas through four utility subsidiaries NSP Minnesota NSP Wisconsin PSCo and SPS. In addition Xcel Energy operates transmission only subsidiaries WGI and WYCO and holds nonregulated businesses such as Eloigne Capital Services Venture Holdings and Nicollet Project Holdings. The firm provides energy services to approximately 3.9 million electric customers and 2.2 million natural gas customers. Xcel Energy’s vision is to be the preferred and trusted provider of the energy its customers need while delivering a competitive total return to shareholders. Its mission is to make energy work better for customers helping them thrive every day. The company pursues three strategic priorities focused on customers people and performance and is guided by the corporate values of connected committed safe and trustworthy.

Xcel Energy generates revenue primarily from the sale of electricity and natural gas to its retail and wholesale customers. In 2025 the company recorded electric sales volume of 109 401 million kilowatt hours and earned electric revenues of twelve billion one hundred sixty million dollars. Natural gas deliveries totaled 400 982 thousand MMBtu producing natural gas revenues of two billion four hundred fifty two million dollars. The company’s electric revenue per retail customer averaged two thousand five hundred sixty eight dollars and natural gas revenue per retail customer averaged nine hundred eighty one dollars in 2025. Beyond retail sales Xcel Energy collects fees for transmission services natural gas storage and other wholesale transactions. Its nonregulated subsidiaries contribute additional income through activities such as real estate development and capital services. The regulated utility operations remain the core of the company’s earnings while the nonregulated segment provides a smaller but growing contribution to total revenue.

Xcel Energy ranks among the largest investor owned utilities in the United States measured by customer base asset value and generation capacity. The company owns approximately twenty thousand eight hundred megawatts of electric generation capacity and operates more than one hundred fifteen thousand miles of transmission lines and two hundred twenty five thousand miles of distribution lines. Its generation portfolio includes wind solar nuclear hydro biomass and natural gas resources providing a diversified mix that supports reliability and cost effectiveness. Xcel Energy has committed to delivering zero carbon electricity by 2050 and to achieving net zero natural gas service by the same date through investments in renewable energy electrification and infrastructure upgrades. The firm benefits from long standing relationships with state and federal regulators and from a service territory that spans eight state regions with diverse energy needs. These factors give Xcel Energy a competitive position versus other utilities that operate in more limited geographic or product markets.

The company serves a diverse mix of residential commercial and industrial customers as well as transportation clients that use natural gas for vehicle fueling. Its electric customer base of roughly 3.9 million consists of about eighty six percent residential twelve percent commercial and industrial and two percent other classifications. The natural gas customer base of approximately 2.2 million is comprised of roughly ninety two percent residential eight percent commercial and industrial and less than one percent transportation and other customers. Xcel Energy offers various assistance programs to help customers manage their energy bills and in 2025 it reached nearly two hundred thousand households providing over one hundred eighty million dollars in funding. The firm does not disclose individual customer names in its public filings but it notes that its customers span urban rural and suburban communities throughout the eight state region. By maintaining affordable rates and investing in energy efficiency Xcel Energy aims to support customer satisfaction and long term loyalty.