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Xcel Energy is a regulated electric-and-gas utility serving ~3.9M electric and ~2.2M gas customers across eight states (Minnesota, Colorado, the Dakotas, Wisconsin, Michigan, Texas, New Mexico) through three operating utilities — NSP, PSCo and SPS. It is a US clean-energy leader: wind-heavy generation, a ~$60B 2026–2030 capital plan, and a surge of data-centre load (a ~1GW Google site in Minnesota) — all funded on regulator-approved returns, with wildfire liability the standout risk.

From wind to your wall socket

Turbine makers like Vestas and GE Vernova, transformer makers and EPC contractors build Xcel's wind, solar and gas fleet; Xcel generates the power, feeds it into the MISO/SPP wholesale grid, and delivers it over its own wires to homes, businesses and a fast-growing wave of data centres.

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