Xcel Energy Inc. is a U.S. regulated electric and natural gas utility holding company. Its operating utilities include Northern States Power, serving customers in Minnesota, North Dakota, South Dakota, Wisconsin, and Michigan; Public Service Company of Colorado; and Southwestern Public Service Company, serving Texas and New Mexico. The company provides electricity and natural gas to millions of residential, commercial, and industrial customers across eight states. Revenue comes primarily from regulated retail and wholesale electricity and natural gas sales, with rates set by state and federal regulators. Xcel Energy has invested heavily in renewable generation, including wind and solar, and is among the largest wind energy providers in the United States. It also operates nuclear generation and continues to pursue carbon reduction across its generation fleet.

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