Xcel Energy (NASDAQ:XEL) is a U.S.-based energy company that operates as a regulated electric and natural gas utility. Through its utility subsidiaries, the company generates, purchases, transmits and distributes electricity, and also provides natural gas distribution services. Xcel Energy offers a range of energy solutions, including traditional baseload power, renewable energy sources such as wind and solar, and energy efficiency programs aimed at helping residential, commercial and industrial customers manage their energy consumption and costs.
The company’s operations span eight states in the central and southwestern regions of the United States, including Colorado, Michigan, Minnesota, New Mexico, North Dakota, South Dakota, Texas and Wisconsin. Xcel Energy’s electric utilities maintain an extensive transmission and distribution network, delivering reliable power to more than 3.8 million electricity customers, while its gas utilities serve over 2 million natural gas customers across the same service territories.
Founded in its current form in 2000 through the merger of Northern States Power Company and New Century Energies, Xcel Energy traces its roots back more than a century to early regional power and natural gas enterprises. Over the years, the company has pursued a strategy of diversifying its fuel mix and reducing carbon emissions, becoming one of the industry leaders in wind energy capacity. Xcel Energy has set ambitious clean-energy goals, including significant expansion of solar projects and investments in grid modernization to support distributed generation and electric transportation.
Headquartered in Minneapolis, Minnesota, Xcel Energy is led by President and Chief Executive Officer Pradeep P. Kabra, who oversees the company’s strategic direction and day-to-day operations. The executive team supports a workforce dedicated to safety, reliability and innovation, with a focus on maintaining strong relationships with state regulators and communities. As Xcel Energy continues its transition toward lower-carbon energy sources, it remains committed to balancing the evolving needs of customers, stakeholders and the environment.
