Xcel Energy Inc banner

Company Overview

Business Description

Sector
Utilities
Industry
Utilities
Headquarters
United States of America US
Employees
11 534
IPO date
Feb 28, 1949

Xcel Energy is a regulated utility company that delivers electricity and natural gas to homes, businesses, and industrial customers in parts of the Midwest and West. It also owns the power plants, transmission lines, distribution networks, and gas pipelines needed to generate and move energy to those customers. Its core job is to keep energy flowing safely and reliably, not to sell consumer products like a typical retailer.

The company makes most of its money by charging customers rates that are approved by state regulators. Those rates are designed to let Xcel recover its costs for fuel, maintenance, new equipment, and a regulated return on the capital it invests in utility infrastructure. Because it sells an essential service through regulated service territories, its business model is steadier than many other energy companies that depend more on commodity prices.

What sets Xcel apart is its role as a local energy utility rather than an oil or gas producer. It sits in the middle of the energy chain: it generates or buys power, moves it through its own network, and delivers it to end users. That makes the company a long-lived infrastructure business tied to electricity and heating demand, with earnings shaped mainly by regulation, capital investment, and the need to maintain and upgrade the grid.

Xcel Energy Inc Investor Relations

Address
414 Nicollet Mall
Minneapolis, Minnesota
United States of America

Business Segments

Electric utility

Xcel Energy generates and buys electricity, then delivers it through its power lines to homes and businesses in its service areas. This includes running power plants, buying power from other producers, and maintaining th...

Customers and revenue model

Gas utility

Xcel Energy purchases natural gas, moves it through pipelines and local distribution lines, and delivers it to customers for heating, cooking, and business use. It also maintains the gas network and related service equip...

Customers and revenue model

Management

Mr. Robert C. Frenzel

President, CEO & Chairman

Biography unavailable

Mr. Brian J. Van Abel

Executive VP, CFO & Principal Accounting Officer

Biography unavailable

Mr. Timothy John O'Connor

Executive VP & COO

Biography unavailable

Ms. Patricia Correa

Senior VP, Human Resources & Employee Services and Chief Human Resources Officer

Biography unavailable

Ms. Amanda J. Rome

Executive VP, Group President of Utilities & Chief Customer Officer

Biography unavailable

Mr. Tim Peterson

Senior VP & CTO

Biography unavailable

Mr. Paul Andrew Johnson

VP of Treasury & Investor Relations

Biography unavailable

Mr. Robert B. Berntsen

Executive VP and Chief Legal & Compliance Officer

Biography unavailable

Justin Tomljanovic

Vice President of Corporate Development

Biography unavailable

Mr. Jeffrey S. Savage

Senior VP and Chief Audit & Financial Services Officer

Biography unavailable

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