Xcel Energy Inc.

Xcel Energy Inc. is a U.S. regulated electric utility and natural gas delivery company headquartered in Minneapolis, Minnesota, at 414 Nicollet Mall. The company's mission is to provide safe, clean, reliable energy services to communities across the country, aiming to make energy work better for its customers every day.

Xcel Energy's core business involves the generation, transmission, and distribution of electricity, as well as the distribution of natural gas. It serves approximately 3.9 million electricity customers and 2.2 million natural gas customers across parts of eight states: Colorado, Michigan, Minnesota, New Mexico, North Dakota, South Dakota, Texas, and Wisconsin. The company offers various services, including energy efficiency programs, rebates, and tools for managing energy usage for residential and business customers.

Robert (Bob) Frenzel serves as the Chairman, President, and CEO of Xcel Energy. A key strategic focus for the company is its commitment to clean energy, with a goal to deliver 100% carbon-free electricity by 2050 and achieve an 80% carbon reduction by 2035 from 2005 levels, making it the first major U.S. utility to set such an ambitious target. In recent news, Xcel Energy received approval for a new natural gas peaking plant in southwest Minnesota, expected to be operational by late 2028, to enhance grid reliability and complement its renewable energy sources. The company also reported strong Q1 2026 earnings, driven by investments in electric infrastructure and sales growth, and entered into an equity distribution agreement to offer up to $4.3 billion in common stock to bolster its financial position.