Headquarters: Minneapolis, MN, United States
CEO: Mr. Robert C. Frenzel
USD as of April 1, 2022
Xcel Energy Inc. is an electric utility company. Through its subsidiaries, Xcel Energy operates coal, hydro, nuclear, and biomass power plants, serving more than 3.3 million electricity customers, and delivers natural gas to 1.8 customers in Minnesota, Michigan, Wisconsin, North Dakota, South Dakota, Colorado, Texas, and New Mexico.
|Company||Market Cap (USD)|
|NextEra Energy||$165.53 B|
|Duke Energy Corporation||$88.76 B|
|The Southern Company||$78.38 B|
|American Electric Power Company, Inc.||$50.95 B|
|Consolidated Edison, Inc.||$34.89 B|
Xcel Energy Inc., through its subsidiaries, generates, purchases, transmits, distributes, and sells electricity. It operates through Regulated Electric Utility, Regulated Natural Gas Utility, and All Other segments. The company generates electricity through coal, nuclear, natural gas, hydroelectric, solar, biomass, oil, wood/refuse, and wind energy sources. It also purchases, transports, distributes, and sells natural gas to retail customers, as well as transports customer-owned natural gas. In addition, the company develops and leases natural gas pipelines, and storage and compression facilities; and invests in rental housing projects, as well as procures equipment for the construction of renewable generation facilities. It serves residential, commercial, and industrial customers in the portions of Colorado, Michigan, Minnesota, New Mexico, North Dakota, South Dakota, Texas, and Wisconsin. The company sells electricity to approximately 3.7 million customers; and natural gas to approximately 2.1 million customers. Xcel Energy Inc. was incorporated in 1909 and is headquartered in Minneapolis, Minnesota.
Xcel Energy Inc. is an American utility holding company based in Minneapolis, Minnesota, serving more than 3.7 million electric customers and 2.1 million natural gas customers in Minnesota, Michigan, Wisconsin, North Dakota, South Dakota, Colorado, Texas, and New Mexico in 2019. It consists of four operating subsidiaries: Northern States Power-Minnesota, Northern States Power-Wisconsin, Public Service Company of Colorado, and Southwestern Public Service Co. In December 2018, Xcel Energy announced it would deliver 100 percent clean, carbon-free electricity by 2050, with an 80 percent carbon reduction by 2035 (from 2005 levels). This makes Xcel the first major US utility to set such a goal.
Source: Wikipedia, retrieved on March 31, 2022, 9:07 p.m.
Ben Fowke (Chairman, President, & CEO) Robert C. Frenzel (Executive VP & CFO) Jeffrey S. Savage (Senior VP & Controller)
Revenue: US$11.526 billion (Fiscal Year Ended 2020)
Operating income: US$2.116 billion (Fiscal Year Ended 2020)
Net income: US$1.473 billion (Fiscal Year Ended 2020)
Total assets: US$53.957 billion (Fiscal Year Ended 2020)
Total equity: US$14.575 billion (Fiscal Year Ended 2020)