Xcel Energy Inc. (XEL)

About Xcel Energy Inc. (XEL)

Company Description:


Xcel Energy Inc. is a major utility company specializing in the generation, purchase, transmission, distribution, and sale of electricity. The company primarily operates in the Utilities sector, specifically focusing on Regulated Electric utilities.

Founded in 1909, Xcel Energy has grown to become a leader in delivering renewable energy and reducing carbon and other emissions. It is headquartered in Minneapolis, Minnesota, United States.


Main Product(s):


Xcel Energy is known for its electricity services, providing reliable and sustainable energy to a wide range of customers. The company also has significant operations in natural gas distribution.


Short History of Xcel Energy Inc.:


  • 1909 – The company was established, marking its entry into the electricity business.
  • 2000 – Xcel Energy Inc. was formed by the merger of Northern States Power Company (based in Minneapolis) and New Century Energies (based in Denver).
  • 2010s – Xcel Energy shifted focus towards renewable energy sources, with substantial investments in wind and solar power.
  • 2020 – The company announced a vision to provide 100% carbon-free electricity by 2050.

Key Executives:

NameTitlePayExercisedYear Born
Mr. Robert C. FrenzelPresident, CEO & Chairman3.25MN/A1971
Mr. Brian J. Van AbelExecutive VP, CFO & Principal Accounting Officer1.47MN/A1982
Mr. Timothy John O'ConnorExecutive VP & COO1.63MN/A1960
Mr. Brett C. CarterExecutive Officer1.03MN/A1967
Ms. Amanda J. RomeExecutive VP, Group President of Utilities & Chief Customer Officer928.65kN/A1981
Mr. Paul Andrew JohnsonVP of Investor Relations & TreasurerN/AN/A1960
Mr. Ryan LongGeneral CounselN/AN/AN/A
Justin TomljanovicVice President of Corporate DevelopmentN/AN/AN/A
Ms. Patricia CorreaSenior VP, Human Resources & Employee Services and Chief Human Resources OfficerN/AN/A1974
Mr. Jeffrey S. SavageSenior VP and Chief Audit & Financial Services OfficerN/AN/A1972

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