Xcel Energy

Xcel Energy is an electric and gas utility with subsidiaries that serve customers in Colorado, Minnesota, Michigan, New Mexico, North Dakota, South Dakota, Texas, and Wisconsin. Across all states, it serves 3.8 million electricity customers and 2.1 million gas customers, with its largest electric and gas subsidiaries in Colorado and Minnesota. Xcel is headquartered in Minnesota.

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Utilities Quietly Walk Back Commitments to Diverse Hiring, Social Justice
April 30, 2025
After spending the past half-decade scaling up efforts to diversify their workforces and suppliers as well as making and touting donations to social justice organizations, corporate utilities across the U.S. have begun to water down or abandon their commitments to promote diversity within their businesses and better serve communities of color. The retreat coincides with...

Xcel legal fight could force customers to pay more for exec pay
January 30, 2025
Xcel Energy’s multi-year legal fight to charge Minnesota customers more for its executives’ pay is threatening to undermine state regulators’ efforts to remove such costs from utility bills and instead shift them to Xcel’s shareholders. A Minnesota Court of Appeals opinion issued last week, nearly a year and half after Xcel’s legal challenge, affirms that the Minnesota...

As Customers Struggled, Utility CEOs’ Pay Spiked Last Year
July 18, 2024
While many Americans saw their energy bills go up substantially in the past year, investor-owned electric and gas utilities and the country’s largest publicly owned utility paid their CEOs over $647 million in 2023, an increase of 9 percent over 2022, an analysis by the Energy and Policy Institute has found. The CEOs for the...
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