Overview
Description
Xcel Energy Inc. is a diversified electric utility company that specializes in the generation, transmission, and distribution of electricity, as well as the purchase, transportation, and distribution of natural gas. The company’s core operations are concentrated in regulated markets, with a significant presence in the U.S. Midwest and several states including Colorado, Minnesota, Texas, and others. Electricity production is the primary revenue driver, accounting for over 80% of its business, while natural gas contributes close to 19%. Xcel Energy Inc. utilizes a broad mix of energy sources, including wind, nuclear, hydroelectric, solar, coal, and natural gas, highlighting a commitment to both traditional and renewable energy generation. The company serves residential, commercial, and industrial customers, and is recognized for ongoing investment in grid modernization and clean energy transition. With a large market capitalization and a sizable workforce, Xcel Energy Inc. plays a vital role in regional energy infrastructure, supporting economic activity and facilitating reliable power supply for millions of consumers and businesses.
About
CEO
Mr. Robert C. Frenzel
Employees
11380
Address
414 Nicollet Mall
Minneapolis, 55401, MN
United States
Minneapolis, 55401, MN
United States
Phone
612 330 5500
Website
Instrument type
Common stock
Sector
Utilities
Industry
Utilities - Regulated Electric
Country
United States
MIC code
XNGS