Xcel Energy Inc - Company Profile
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Business Description
Xcel Energy Inc (Xcel Energy), is an energy holding company, which generates, transmits and distributes electricity; transports, stores and distributes natural gas; and offers energy related services. It serves residential, commercial, industrial and wholesale customers in eight Western and Midwestern States in the US.
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Business Segments
Overview
Generates, transmits and distributes electricity. Serves residential, large and small commercial and industrial, and public authorities and other customers. Produces power using coal, nuclear, natural gas, wind, hydro, biomass and solar sources. Through power purchase agreements, it also procures electricity. Provides wholesale transmission services; carries out commodity trading operations; and sells electricity for resale. Owns and operates various wind plants with capacity of approximately 4,395 MW. Operating subsidiaries: NSP-Minnesota, NSP-Wisconsin, PSCo and SPS. During 2023-27, this segment plans to spend US$21,670 million.
Performance
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Overview
Transports, stores and distributes natural gas. Serves residential, commercial and industrial customers. Also sells natural gas for reselling customers. Procures natural gas from independent suppliers, based on market indices. Under transportation agreements with interstate pipelines, it delivers natural gas. During 2023-2027, this segment plans to spend US$3,560 million.
Performance
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Overview
Includes steam revenue, appliance repair services, non-utility real estate operations, revenue related to processing solid waste into refuse-derived fuel and investments in rental housing projects for low-income housing tax credits. During 2023-27, this segment plans to spend US$3,240 million.
Performance
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