Xcel Energy

Xcel Energy is an American regulated utility company headquartered in Minneapolis, Minnesota. Founded in 1909, it generates, transmits, and distributes electricity and natural gas through four regional subsidiaries: Northern States Power, Public Service Company of Colorado, Southwestern Public Service Company, and Northern States Power-Wisconsin. Operating in eight Midwestern and Western states, Xcel provides power to approximately 3.9 million electric and 2.1 million natural gas customers. Its business is divided into regulated Electric and Natural Gas Utility segments, with additional renewable energy generation projects. In 2024, the company reported GAAP earnings of $1.94 billion, or $3.44 per share, on total revenues of $15.3 billion. Xcel’s third-party and supplier risk framework orporates compliance audits aligned with NERC, NIST, and ESG standards, ensuring secure vendor relationships in its grid modernization initiatives.