Editing Xcel Energy (section)

{{Short description|American utility company}}
{{redirect|Xcel|the welding company|Xcel-Arc|the tools brand|Xcelite||Excel (disambiguation){{!}}Excel}}
{{Use mdy dates|date=December 2023}} {{Use American English|date=December 2023}}
{{Infobox company
| name = Xcel Energy Inc.
| logo = Xcel-energy.svg
| image = ExcelEnergyDenver.jpg
| image_caption = 1800 Larimer, Xcel Energy Regional Headquarters, in [[Denver]], Colorado
| type = [[Public company|Public]]
| traded_as = {{ubl|{{NASDAQ|XEL}}|[[DJUA]] component|[[Nasdaq-100]] component|[[S&P 500]] component}}
| industry = [[Public utility|Utilities]]
| founded = {{start date and age|1909|06|17}} in [[Stillwater, Minnesota]], U.S. (as Washington County Light & Power Company)
| founder = H.M. Byllesby
| hq_location_city = [[Minneapolis]], Minnesota
| hq_location_country = U.S.
| area_served = {{ubl|'''NSPM:''' Minnesota, North Dakota, and South Dakota|'''NSPW:''' Michigan and Wisconsin|'''PSCo:''' Colorado|'''SPS:''' New Mexico and Texas}}
| key_people = {{ubl|Robert C. Frenzel ([[Chairperson|chairman]], [[President (corporate title)|president]], and [[Chief executive officer|CEO]])|Timothy O'Connor (Executive [[Vice President|VP]] and [[Chief operating officer|COO]])|Brian J. Van Abel (Executive VP and [[Chief financial officer|CFO]])}}
| products = {{ubl|[[Electric power industry|Electric Power]]|[[Natural Gas]]}}
| production = {{ubl|Electric: 114.98 [[TWh]]|Natural Gas: 406.74 [[British thermal unit|TBtu]]|(2023)}}
| revenue = {{decrease}} {{US$|13.44&nbsp;[[1,000,000,000|billion]]|link=yes}}
| revenue_year = 2024
| operating_income = {{decrease}} {{US$|2.386&nbsp;billion}}
| income_year = 2024
| net_income = {{increase}} {{US$|1.936&nbsp;billion}}
| net_income_year = 2024
| assets = {{increase}} {{US$|70.04&nbsp;billion}}
| assets_year = 2024
| equity = {{increase}} {{US$|19.52&nbsp;billion}}
| equity_year = 2024
| num_employees = 11,380
| num_employees_year = 2024
| subsid = {{ubl|[[Northern States Power Company|Northern States Power Company (Minnesota)]]|Northern States Power Company (Wisconsin)|Public Service Company of Colorado|Southwestern Public Service Company|[[NRG Energy]] (1992–2003)}}
| website = {{URL|https://my.xcelenergy.com|my.xcelenergy.com}}
| footnotes = <ref>{{cite web|url=https://www.sec.gov/ix?doc=/Archives/edgar/data/72903/000007290325000029/xel-20241231.htm|title=Xcel Energy Inc 2024 Annual Report (Form 10-K)|date=February 27, 2025 |publisher=[[U.S. Securities and Exchange Commission]]}}</ref><ref>{{cite web|url=https://sec.report/Document/0000950134-04-003612/|title=NRG Energy Inc FY2003 Form 10-K|date=March 16, 2004}}</ref>
}}

'''Xcel Energy Inc.''' is a U.S. regulated electric utility and natural gas delivery company based in [[Minneapolis]], Minnesota, serving more than 3.7 million electric customers and 2.1 million natural gas customers across parts of eight states (Colorado, Minnesota, Wisconsin, Michigan, North Dakota, South Dakota, Texas and New Mexico).<ref>{{Cite web |title=Corporate Profile {{!}} Xcel Energy |url=https://my.xcelenergy.com/s/about/corporate-governance |access-date=2023-01-30 |website=Xcel Energy Corporate Governance}}</ref> It consists of four operating subsidiaries: Northern States Power-Minnesota, Northern States Power-Wisconsin, Public Service Company of Colorado, and Southwestern Public Service Co.<ref name="Xcel-Energy-Apr-2018-10-Q">{{cite web|url=http://edgar.secdatabase.com/1322/7290318000017/filing-main.htm |title=Xcel Energy, Form 10-Q, Quarterly Report, Filing Date Apr 27, 2018 |website=SECDatabase.com |access-date=May 5, 2018 }}</ref>

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.<ref>{{Cite web|url=https://www.vox.com/energy-and-environment/2018/12/5/18126920/xcel-energy-100-percent-clean-carbon-free|title=For the first time, a major US utility has committed to 100% clean energy|last=Roberts|first=David|date=2018-12-05|website=Vox|access-date=2018-12-07 }}</ref><ref>{{cite web |title=Xcel Energy Continues to Deliver Progress in Achieving Carbon Reduction Goals |url=https://www.businesswire.com/news/home/20240612755530/en/ |website=Businesswire |access-date=12 June 2024}}</ref>