Description

Xcel Energy Inc. operates as a utility provider, engaging in the generation, acquisition, transmission, distribution, and sale of electricity. Its operations are segmented into Regulated Electric Utility, Regulated Natural Gas Utility, and a broader 'All Other' category. The company generates power from a varied portfolio, encompassing conventional sources like coal, nuclear, natural gas, oil, and wood/refuse, as well as renewable options including hydroelectric, solar, biomass, and wind. Furthermore, Xcel Energy acquires, transports, and distributes natural gas to retail customers, also providing services for transporting customer-owned natural gas. Its business activities also encompass the development and leasing of natural gas pipelines, storage, and compression facilities. Moreover, Xcel Energy invests in rental housing projects and procures necessary equipment for the construction of renewable generation facilities. Serving residential, commercial, and industrial clients, the company operates across specific regions of Colorado, Michigan, Minnesota, New Mexico, North Dakota, South Dakota, Texas, and Wisconsin. It supplies electricity to roughly 3.7 million customers and natural gas to about 2.1 million. Established in 1909, Xcel Energy Inc. is headquartered in Minneapolis, Minnesota.