Xcel Energy Company profile
About Xcel Energy Inc
Xcel Energy Inc. is a public utility holding company. The Company's operations include the activity of four utility subsidiaries that serve electric and natural gas customers in eight states. The Company's segments include Regulated Electric and Regulated Natural Gas. The Company's utility subsidiaries include NSP-Minnesota, NSP-Wisconsin, Public Service Company of Colorado (PSCo) and Southwestern Public Service Co. (SPS), which serve customers in portions of Colorado, Michigan, Minnesota, New Mexico, North Dakota, South Dakota, Texas and Wisconsin. Along with WYCO Development LLC (WYCO), a joint venture formed with Colorado Interstate Gas Company, LLC (CIG) to develop and lease natural gas pipelines, storage and compression facilities, and WestGas InterState, Inc. (WGI), an interstate natural gas pipeline company, these companies comprise the regulated utility operations.
Financial summary
BRIEF: For the fiscal year ended 31 December 2021, Xcel Energy Inc revenues increased 17% to $13.43B. Net income increased 8% to $1.6B. Revenues reflect Regulated Electric segment increase of 14% to $11.21B, Regulated Natural Gas segment increase of 30% to $2.13B. Net income was partially offset by Electric fuel and purchased power increase of 37% to $4.48B (expense), Cost of natural gas sold and transported increase of 57% to $1.08B (expense).
Equity composition
Common Stock $2.50 Par, 4/11, 1B auth., 484,176,449 issd. Insiders own 0.17%. 8/18/00, Company formed through merger of Northern States Power Co. and New Century Energies. (Basis: 1 NCE Common for 1.55 NSP Common). PO 2/02, 20M shares @ $22.50 by Lehman Bros. Preferred Stock $100 Par, 7M auth., 1,049,800 issd.
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