Profile: Xcel Energy Inc (XEL.N)

XEL.N on New York Stock Exchange

35.28USD
27 Feb 2015
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Xcel Energy Inc., incorporated on June 17, 1909, is a public utility holding company. The Company’s operations include the activity of four wholly owned utility subsidiaries that serve electric and natural gas customers in eight states. These utility subsidiaries are NSP-Minnesota, NSP-Wisconsin, Public Service Company of Colorado (PSCo) and Southwestern Public Service Co. (SPS), and serve customers in portions of Colorado, Michigan, Minnesota, New Mexico, North Dakota, South Dakota, Texas and Wisconsin. Along with WYCO Development LLC, a joint venture formed with Colorado Interstate Gas Company (CIG) to develop and lease natural gas pipelines, storage, and compression facilities, and WGI, an interstate natural gas pipeline company, these companies comprise the regulated utility operations. The Company has two segments: regulated electric utility, regulated natural gas utility and all other. The regulated electric utility segment generates, transmits and distributes electricity in Minnesota, Wisconsin, Michigan, North Dakota, South Dakota, Colorado, Texas and New Mexico. In addition, this segment includes sales for resale and provides wholesale transmission service to various entities in the United States. Regulated electric utility also includes commodity trading operations. The regulated natural gas utility segment transports, stores and distributes natural gas primarily in portions of Minnesota, Wisconsin, North Dakota, Michigan and Colorado.

NSP-Minnesota

NSP-Minnesota is a utility engaged in the generation, purchase, transmission, distribution and sale of electricity in Minnesota, North Dakota and South Dakota. The wholesale customers served by NSP-Minnesota comprised approximately 4% of its total kilowatt-hour (KWh) sold in 2013. NSP-Minnesota also purchases, transports, distributes and sells natural gas to retail customers and transports customer-owned natural gas in Minnesota and North Dakota. NSP-Minnesota provides electric utility service to approximately 1.4 million customers and natural gas utility service to approximately 0.5 million customers. Approximately 88% of NSP-Minnesota’s retail electric operating revenues were derived from operations in Minnesota during 2013.

Although NSP-Minnesota’s large commercial and industrial electric retail customers are comprised of many diversified industries, a significant portion of NSP-Minnesota’s large commercial and industrial electric sales include the petroleum, coal and food products industries. For small commercial and industrial customers, significant electric retail sales include the real estate and educational services industries.

NSP-Wisconsin

NSP-Wisconsin is a utility engaged in the generation, transmission, distribution and sale of electricity in portions of northwestern Wisconsin and in the western portion of the Upper Peninsula of Michigan. NSP-Wisconsin purchases, transports, distributes and sells natural gas to retail customers and transports customer-owned natural gas in this service territory. NSP-Wisconsin provides electric utility service to approximately 253,000 customers and natural gas utility service to approximately 110,000 customers. Approximately 98% of NSP-Wisconsin’s retail electric operating revenues were derived from operations in Wisconsin during 2013.

Although NSP-Wisconsin’s large commercial and industrial electric retail customers are comprised of many diversified industries, a significant portion of NSP-Wisconsin’s large commercial and industrial electric sales include the food products, paper, allied products, oil and gas extraction and sand mining industries. For small commercial and industrial customers, significant electric retail sales include the grocery and dining establishments, educational services and food products industries. The management of the electric production and transmission system of NSP-Wisconsin is integrated with NSP-Minnesota.

PSCo

PSCo is a utility engaged in the generation, purchase, transmission, distribution and sale of electricity in Colorado. The wholesale customers served by PSCo comprised approximately 13% of its total KWh sold in 2013. PSCo also purchases, transports, distributes and sells natural gas to retail customers and transports customer-owned natural gas. PSCo provides electric utility service to approximately 1.4 million customers and natural gas utility service to approximately 1.3 million customers.

All of PSCo’s retail electric operating revenues were derived from operations in Colorado during 2013. Although PSCo’s large commercial and industrial electric retail customers are comprised of many diversified industries, a significant portion of PSCo’s large commercial and industrial electric sales include the fabricated metal products, oil and gas extraction and communications industries. For small commercial and industrial customers, significant electric retail sales include the real estate and dining establishments industries.

SPS

SPS is a utility engaged in the generation, purchase, transmission, distribution and sale of electricity in portions of Texas and New Mexico. The wholesale customers served by SPS comprised approximately 33% of its total KWh sold in 2013.

SPS provides electric utility service to approximately 383,000 retail customers in Texas and New Mexico. Approximately 73% of SPS’ retail electric operating revenues were derived from operations in Texas during 2013. Although SPS’ large commercial and industrial electric retail customers are comprised of many diversified industries, a significant portion of SPS’ large commercial and industrial electric sales include the oil and gas extraction, as well as petroleum and coal products industries. For small commercial and industrial customers, significant electric retail sales include the oil and gas extraction and crop related agricultural industries.

Other Subsidiaries

WestGas InterState, Inc. (WGI) is a small interstate natural gas pipeline company engaged in transporting natural gas from the PSCo system near Chalk Bluffs, Colorado, to the Cheyenne system near Cheyenne, Wyoming. WYCO was formed as a joint venture with CIG to develop and lease natural gas pipeline, storage, and compression facilities.

Xcel Energy Services Inc. is the service company for the Company. The Company’s nonregulated subsidiary is Eloigne, which invests in rental housing projects that qualify for low-income housing tax credits.

Company Address

Xcel Energy Inc

800 NICOLLET MALL
MINNEAPOLIS   MN   55402-7000
P: +1612.3305500

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