Xcel Energy Inc - Company Profile
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Xcel Energy Inc (Xcel Energy), is an energy holding company. Through its subsidiaries, it has a presence in the entire energy vertical, including generation, procurement, transmission, distribution and resale of electricity. The company produces electric energy using coal, nuclear, natural gas, wind, hydro, biomass and solar sources. Xcel Energy also transports, stores, distributes and resells natural gas. It procures natural gas from independent suppliers, based on market indices. Xcel Energy also provides home appliance repair, maintenance, and replacement services. The company serves residential, commercial and industrial customers in South Dakota, Michigan, Minnesota, Colorado, North Dakota, New Mexico, Texas, and Wisconsin. Xcel Energy is headquartered in Minneapolis, Minnesota, the US.
Xcel Energy Inc premium industry data and analytics
Products and Services
Products | Services |
---|---|
Electricity | Power Distribution and Transmission |
Natural Gas | Gas Transportation |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
Year | Event | Description |
---|---|---|
2024 | Plans/Strategy | In February, the company announced its plan for clean energy in the Upper Midwest to reduce carbon and maintain reliable, safe, and affordable electric service. |
2024 | Contracts/Agreements | In January, the company awarded a contract to TN Americas to offer onsite dry fuel storage solutions to the Monticello and Prairie Island nuclear energy facilities. |
2023 | Contracts/Agreements | In December, the company announced a collaboration with Ford Pro under which Ford Pro will deploy 30,000 electric vehicle charging ports in Xcel Energy service territories across the US. |
Competitor Comparison
Key Parameters | Xcel Energy Inc | Duke Energy Corp | NextEra Energy Inc | Southern Co | PG&E Corp |
---|---|---|---|---|---|
Headquarters | United States of America | United States of America | United States of America | United States of America | United States of America |
City | Minneapolis | Charlotte | Juno Beach | Atlanta | Oakland |
State/Province | Minnesota | North Carolina | Florida | Georgia | California |
No. of Employees | 11,311 | 27,037 | 16,800 | 28,100 | 10 |
Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
Name | Position | Board | Since | Age |
---|---|---|---|---|
Robert C. Frenzel | President; Chairman; Chief Executive Officer | Executive Board | 2021 | 52 |
Brian J. Van Abel | Executive Vice President; Chief Financial Officer | Senior Management | 2020 | 41 |
Timothy O’Connor | Executive Vice President; Chief Operating Officer | Senior Management | 2021 | 63 |
Tim Peterson | Senior Vice President; Chief Technology Officer | Senior Management | - | - |
Rob Clark | Chief Communications Officer; Senior Vice President | Senior Management | 2024 | - |
Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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