📢 Xcel Energy is Trending – Here’s Why Everyone is Talking About they!
Key Overview
Xcel Energy Inc. is a U.S. regulated electric utility and natural gas delivery company based in Minneapolis, Minnesota, serving more than 3.7 million electric customers and 2.1 million natural gas customers across parts of eight states (Colorado, Minnesota, Wisconsin, Michigan, North Dakota, South Dakota, Texas and New Mexico). It consists of four operating subsidiaries: Northern States Power-Minnesota, Northern States Power-Wisconsin, Public Service Company of Colorado, and Southwestern Public Service Co.
History
Xcel Energy was built on three companies: Minneapolis-based Northern States Power Company (NSP), Denver-based Public Service Company of Colorado (PSCo), and Amarillo-based Southwestern Public Service (SPS). Southwestern Public Service Co.
Generation portfolio
Xcel Energy primarily provides energy from wind, natural gas, and coal. It has increased its share of carbon-free energy generation over time. Primarily by adding wind capacity. It has also lowered its greenhouse gas emissions by reducing coal consumption in favor of natural gas. Xcel plans to continue this trend by converting some coal plants to natural gas and closing others.
Programs
Since 1998, Xcel Energy's Windsource program has allowed customers to designate that part or all of their electricity comes from a renewable energy source. In 2015, about 96,000 people were enrolled in Windsource. In 2011, more than 2.3 million electric and 261,800 natural gas customers took part in Xcel Energy's energy efficiency programs for homes and businesses.
Controversies
On August 1, 2002, Xcel Energy Inc. was sued because of engaging in "round-trip" energy trades that provided no economic benefit for the company, and because the company lacked the necessary internal controls to adequately monitor the trading of its power. Xcel paid $80,000,000 in a settlement.
See also
Plant X, Lamb County, Texas
External links
Official website Business data for Xcel Energy Inc.:
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