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Fortune 500 - Spot Number 256
Company Information
Name: Xcel Energy Inc
Industry: Electric Utilities
Description: Our name reflects our core value — excellence in energy products and services. At Xcel Energy, we are dedicated to providing our customers the best in service, value and information to enhance their professional and personal lives. We are committed to satisfying our customers by continuously improving our operations to be a low-cost, reliable, environmentally sound energy provider. We have been successfully proving this to our customers for the past 130 years and will work hard to continue with this commitment in the future. Formed by the merger of Denver-based New Century Energies and Minneapolis-based Northern States Power Co., Xcel Energy is the fourth-largest combination electricity and natural gas energy company in the United States. We offer a comprehensive portfolio of energy-related products and services to 3.2 million electricity customers and 1.7 million natural gas customers. We have regulated operations in 11 Western and Midwestern states and revenue of $9.5 billion annually; own over 240,000 conductor miles of electricity transmission and distribution lines, and more than 32,700 miles of natural gas pipelines; and operate regulated power plants that generate about 15,246 megawatts of electric power.
Financial Summary: Xcel Energy, Inc. is engaged in the generation, transmission and distribution of electricity and natural gas. For the 6 months ended 6/30/05, total revenues increased 11% to $4.46B. Net income applicable to Common from continuing operations decreased 13% to $202.2M. Revenues reflect an increase in electricity sales. Net income was offset by an increase in electric fuel and purchased power expenses.
Business Summary: Xcel Energy Inc. is a holding corporation that directly owns four utility subsidiaries that serve electric and natural gas customers in 10 states. These utility subsidiaries are Northern States Power Co., a Minnesota corporation (NSP-Minnesota); Northern States Power Co., a Wisconsin corporation (NSP-Wisconsin); Public Service Company of Colorado (PSCo) and Southwestern Public Service Co. (SPS). These utilities serve customers in portions of Colorado, Kansas, Michigan, Minnesota, New Mexico, North Dakota, Oklahoma, South Dakota, Texas and Wisconsin. Along with WestGas InterState Inc. (WGI), an interstate natural gas pipeline, these companies also comprise the Company's continuing regulated utility operations. Xcel Energy's non-regulated subsidiaries in continuing operations include Utility Engineering Corporation (UE), Eloigne Co and Planergy International, Inc. (Planergy). In April 2005, the Company sold its non-regulated subsidiary Utility Engineering Corp. to Zachry Group, Inc.
Misc Details
Symbol: XEL
City: Minneapolis
State: MN
ZIP Code: 55401
Address: 800 Nicollet Mall
Phone: 612-330-5500
Fax: 612-330-5878
Website: http://www.xcelenergy.com
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