Profile: Xcel Energy Inc (XEL.N)

XEL.N on New York Stock Exchange

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Xcel Energy Inc., incorporated on June 17, 1909, is a holding company with subsidiaries engaged primarily in the utility business. During the year ended December 31, 2012, the Company’s operations included 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, PSCo and SPS, and serve customers in portions of Colorado, Michigan, Minnesota, New Mexico, North Dakota, South Dakota, Texas and Wisconsin. Along with WYCO, a joint venture formed with CIG to develop and lease natural gas pipelines, storage, and compression facilities, and WGI, an interstate natural gas pipeline company, these companies consists the continuing regulated utility operations.

NSP-Minnesota

NSP-Minnesota is an operating utility primarily 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 consists approximately 4% of its total kilowatt hour sold in 2012.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 89% of NSP-Minnesota's retail electric operating revenues were derived from operations in Minnesota during 2012. Although NSP-Minnesota's commercial and industrial electric retail customers consists of many diversified industries, a portion of NSP-Minnesota's l commercial and industrial electric sales include customers in the industries: petroleum and coal, as well as food products. NSP-Minnesota owns the direct subsidiaries, which include United Power and Land Company, which holds real estate.

NSP-Wisconsin

NSP-Wisconsin is an operating utility primarily 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. The wholesale customers served by NSP-Wisconsin consists approximately 6% of its total kilowatt hour sold in 2012. NSP-Wisconsin also purchases, transports, distributes and sells natural gas to retail customers and transports customer-owned natural gas in the same service territory. NSP-Wisconsin provides electric utility service to approximately 251,000 customers and natural gas utility service to approximately 108,000 customers. Approximately 98% of NSP-Wisconsin's retail electric operating revenues were derived from operations in Wisconsin during 2012. Although NSP-Wisconsin's commercial and industrial electric retail customers consists of many diversified industries, a portion of NSP-Wisconsin's commercial and industrial electric sales include customers in the industries: paper and allied products, food products, as well as oil and gas extraction. NSP-Wisconsin owns the direct subsidiaries, which includes Chippewa and Flambeau Improvement Co., which operates hydro reservoirs; Clearwater Investments Inc., which owns interests in affordable housing; and NSP Lands, Inc., which holds real estate.

PSCo

PSCo is an operating utility engaged primarily in the generation, purchase, transmission, distribution and sale of electricity in Colorado. The wholesale customers served by PSCo consists approximately 13% of its total kilowatt hour sold in 2012. 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 2012. Although PSCo's commercial and industrial electric retail customers consists of many diversified industries, a portion of PSCo's commercial and industrial electric sales include customers in the industries: fabricated metal products, as well as oil and gas extraction. For small commercial and industrial customers, electric retail sales include customers in the industries: real estate and dining establishments. PSCo owns the direct subsidiaries: 1480 Welton, Inc. and United Water Company, both of which own certain real estate interests; and Green and Clear Lakes Company, which owns water rights and certain real estate interests.

SPS

SPS is an operating utility engaged primarily 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 kilowatt hour sold in 2012. SPS provides electric utility service to approximately 381,000 retail customers in Texas and New Mexico. Approximately 74% of SPS' retail electric operating revenues were derived from operations in Texas during 2012. Although SPS' commercial and industrial electric retail customers consists of many diversified industries, a portion of SPS' commercial and industrial electric sales include customers in industries, which includes oil and gas extraction, as well as petroleum and coal products. For small commercial and industrial customers, electric retail sales include customers in the industries: 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, Colo., to the Cheyenne system near Cheyenne, Wyo. Xcel Energy has a 50% ownership interest in WYCO. The gas pipeline and storage facilities are leased under a FERC-approved agreement to CIG. Xcel Energy Services Inc. is the service company for Xcel Energy Inc. Xcel Energy Inc.'s nonregulated subsidiary is Eloigne, which invests in rental housing projects that qualify for low-income housing tax credits. Xcel Energy conducts its utility business in segments: regulated electric utility, regulated natural gas utility and all other.

Company Address

Xcel Energy Inc

800 NICOLLET MALL
MINNEAPOLIS   MN   55402
P: +1612.3305500

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