XCEL ENERGY INC

# Xcel Energy Inc.

Xcel Energy operates as an integrated electric and natural gas utility serving customers across eight states in the central and western United States. The company generates, transmits, and distributes electricity through a diversified portfolio that includes wind, nuclear, hydroelectric, biomass, and solar facilities, supplemented by power purchase agreements. Its fossil fuel generation includes coal and natural gas assets. Beyond electricity delivery, Xcel purchases, transports, distributes, and sells natural gas, including operations of interstate natural gas pipelines and storage facilities.

The company operates through two primary segments: Regulated Electric Utility and Regulated Natural Gas Utility. Revenue is generated through the delivery and sale of electricity and natural gas to residential, commercial, and industrial customers. Xcel also engages in wholesale transmission services and commodity trading operations. Outside its core utility business, the company invests in nonregulated assets including rental housing projects, energy technology companies, and community solar gardens.

Xcel Energy operates across Colorado, Michigan, Minnesota, New Mexico, North Dakota, South Dakota, Texas, and Wisconsin, with approximately 11,500 full-time employees. The company was incorporated in Minnesota in 1909, originally as Northern States Power Company, and maintains its headquarters in Minneapolis.