Xcel Energy Inc. is a leading energy company that provides a range of services, including generating, purchasing, transmitting, distributing, and selling electricity to its customers. The company operates through three main segments: Regulated Electric Utility, Regulated Natural Gas Utility, and All Other segments.
Xcel Energy generates electricity from a diverse portfolio of energy sources, including wind, nuclear, hydroelectric, biomass, and solar power, as well as traditional sources like coal, natural gas, oil, wood, and refuse-derived fuels. This allows the company to provide a reliable and sustainable supply of energy to its customers.
In addition to electricity generation, Xcel Energy also purchases, transports, distributes, and sells natural gas to retail customers. The company also offers transportation services for customer-owned natural gas, providing a comprehensive solution for its customers' energy needs.
Xcel Energy's infrastructure development activities include building and leasing natural gas pipelines, as well as storage and compression facilities. The company also invests in rental housing projects and non-regulated assets, further diversifying its portfolio.
One of the company's key strengths is its commitment to renewable energy. Xcel Energy procures equipment for the construction of renewable generation facilities, supporting the transition to a cleaner energy future.
Xcel Energy serves a wide range of customers, including residential, commercial, and industrial clients, across eight states: Colorado, Michigan, Minnesota, New Mexico, North Dakota, South Dakota, Texas, and Wisconsin. With a rich history dating back to 1909, the company is headquartered in Minneapolis, Minnesota, and continues to play a vital role in the energy landscape.
For more information about Xcel Energy Inc., please visit their website at https://www.xcelenergy.com.