Xcel Energy (NASDAQ: XEL) is a Minneapolis-based, publicly traded utility holding company that develops, owns and operates regulated electricity and natural gas delivery systems. The company’s core activities include generation, transmission and distribution of electricity, the delivery of natural gas to customers, and related customer service operations. Xcel provides a mix of utility services to residential, commercial and industrial customers and participates in wholesale energy markets where appropriate.
Its generation portfolio combines nuclear, natural gas, coal and a growing share of renewable resources such as wind and solar. Xcel operates and contracts for generation capacity, maintains transmission infrastructure and implements grid modernization and reliability programs to support service continuity. The company also runs energy efficiency, demand response and customer-focused programs designed to manage load and integrate distributed energy resources.
Xcel Energy was formed through the merger of predecessor utilities, including Northern States Power Company and New Century Energies, and its corporate lineage traces back more than a century in the regions it serves. Headquartered in Minneapolis, the company operates primarily in the central and western United States, with major operations in states such as Minnesota and Colorado and additional service territories in neighboring states governed by state utility commissions and regional regulators.
Governed by a board of directors and an executive leadership team, Xcel emphasizes a balance of reliability, regulatory compliance and a transition toward lower-carbon energy sources. Its strategic priorities include continued investment in renewable generation, transmission upgrades and customer programs to support the evolving energy mix while meeting the needs of regulated customers and stakeholders.