Manage Your Xcel Energy Account

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Track

Compare your bills and track your electric and/or gas usage for the past 12 months with usage graphs and tables.

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Last updated on Jun 27, 2024

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Overview

Xcel Energy is a publicly traded energy company headquartered in Minneapolis, Minnesota. It is the fourth-largest electric utility in the United States, serving approximately 3.6 million customers in eight Western and Midwestern states: Colorado, Michigan, Minnesota, New Mexico, North Dakota, South Dakota, Texas, and Wisconsin. Xcel Energy also provides natural gas service to approximately 2.1 million customers in six of those states: Colorado, Michigan, Minnesota, New Mexico, Texas, and Wisconsin.

History

The company's roots date back to 1881, when the Minneapolis Gas Light Company was founded. Over the years, the company has undergone numerous mergers and acquisitions, including the 2000 merger with Public Service Company of Colorado and the 2002 acquisition of Northern States Power Company. In 2007, the company adopted the name Xcel Energy.

Operations

Xcel Energy's electric generation portfolio is diverse, including coal, natural gas, nuclear, wind, solar, and hydropower. The company has a total generating capacity of approximately 21,000 megawatts. Xcel Energy is also a major investor in renewable energy, with a goal of generating 80% of its electricity from clean sources by 2030.

Financial Performance

Xcel Energy is a financially sound company with a strong track record of earnings growth. In 2021, the company reported revenue of $16.9 billion and net income of $2.2 billion. Xcel Energy has a market capitalization of approximately $35 billion.

Sustainability

Xcel Energy is committed to sustainability and has set a goal of achieving net-zero carbon emissions by 2050. The company is investing heavily in renewable energy and energy efficiency programs. Xcel Energy has also been recognized for its leadership in corporate social responsibility, earning a place on the Dow Jones Sustainability Index North America for 15 consecutive years.

Conclusion

Xcel Energy is a leading energy company with a strong commitment to providing reliable, affordable, and sustainable energy to its customers. The company has a diverse portfolio of generation assets and is investing heavily in renewable energy and energy efficiency. Xcel Energy is a financially sound company with a strong track record of earnings growth and a commitment to sustainability.