What Does Xcel Energy Do?

Total employees11237
HeadquartersMinneapolis
Founded

Xcel Energy Inc. is a major U.S. electricity and natural gas company headquartered in Minneapolis, Minnesota. It serves millions of residential, commercial, and industrial customers across eight Western and Midwestern states: Colorado, Michigan, Minnesota, New Mexico, North Dakota, South Dakota, Texas, and Wisconsin. The company is committed to providing safe, reliable, and affordable energy, with a strong focus on transitioning to cleaner energy sources and reducing carbon emissions. Xcel Energy is a leader in renewable energy, particularly wind power, and has ambitious goals to deliver 100% carbon-free electricity to customers by 2050 and reduce greenhouse gas emissions from its natural gas business.

Where Is Xcel Energy's Headquarters?

Xcel Energy officeXcel Energy officeXcel Energy officeXcel Energy office
*Images sourced via web search. Rights belong to original owners

HQ Function

The headquarters houses key executive leadership and central administrative functions, including strategic planning, financial operations, regulatory affairs, legal, human resources, and corporate communications for the entire Xcel Energy enterprise.

Notable Features:

Located on Nicollet Mall, a prominent commercial and cultural artery in Minneapolis. The facility provides a modern office environment designed for collaboration and efficiency, supporting a large workforce.

Work Culture:

Xcel Energy promotes a work culture centered on safety, customer focus, innovation, and community engagement. Employees often describe a collaborative environment with opportunities for growth, driven by the company's mission towards a clean energy future.

HQ Significance:

As the nerve center for one of the largest utility companies in the U.S., the Minneapolis headquarters is critical for directing investments in energy infrastructure, advancing clean energy initiatives, and ensuring reliable service to millions of customers across its multi-state territory.

Values Reflected in HQ: The headquarters' operations and environment aim to reflect Xcel Energy's core values: Safety (protecting employees and the public), Commitment (to customers and communities), Connection (building strong relationships), and Trust (acting with integrity).

Location:

While Xcel Energy's direct customer service and utility operations are concentrated in eight U.S. states, its functions have a broader reach. The company interacts globally through its supply chain for sourcing advanced energy technologies, renewable energy components (like wind turbines and solar panels from international manufacturers), and essential equipment. It also accesses global financial markets for capital investments and stays abreast of international best practices and innovations in the energy sector to inform its clean energy transition and grid modernization efforts.

Street Address:

414 Nicollet Mall

City:

Minneapolis

State/Province:

Minnesota

Country:

USA

Where Else Does Xcel Energy Operate Around the World?

Denver, Colorado, USA

Address: 1800 Larimer St, Denver, CO 80202

To provide reliable and increasingly clean energy to Colorado customers, support the state's renewable energy goals, manage regional grid infrastructure, and engage with local communities and stakeholders.

Amarillo, Texas, USA

Address: 790 S Buchanan St, Amarillo, TX 79101

To deliver essential energy services in the Texas Panhandle and parts of New Mexico, manage substantial wind energy resources in the region, and support economic development and community needs.

Buying Intent Signals for Xcel Energy

Highperformr Signals uncover buying intent and give you clear insights to target the right accounts at the right time — helping your sales, marketing, and GTM teams close more deals, faster.

Notable news
Hiring actively
Corporate Finance
Corporate Finance
Corporate Finance
Corporate Finance
Corporate Finance
*Example signal, not calculated in real time

Who's Leading Xcel Energy? Meet the Executive Team

As of April 2025, Xcel Energy' leadership includes:

Bob Frenzel - Chairman, President and Chief Executive Officer
Brian Van Abel - Executive Vice President and Chief Financial Officer
Tim O'Connor - Executive Vice President and Chief Operations Officer
Amanda Rome - Executive Vice President, Group President, Utilities and Chief Customer Officer
Frank Prager - Executive Vice President and Chief Sustainability Officer
Darla Figoli - Executive Vice President, Human Resources and Employee Services, and Chief Human Resources Officer

Who's Investing in Xcel Energy?

Xcel Energy has been backed by several prominent investors over the years, including:

The Vanguard Group, Inc.
BlackRock, Inc.
State Street Corporation
Wellington Management Group LLP
Geode Capital Management, LLC

What Leadership Changes Has Xcel Energy Seen Recently?

Hire1
Exits1

In the past year, Xcel Energy has seen key leadership changes, notably the appointment of Amanda Rome to a new significant role as EVP, Group President, Utilities and Chief Customer Officer, following the departure of Brett Carter. These changes support the company's ongoing strategic initiatives.

Departures

Brett Carter, Brett Carter departed from his role as EVP, Group President, Utilities and Chief Customer Officer.

New Appointments:

Amanda Rome, Amanda Rome was appointed to the role of Executive Vice President, Group President, Utilities and Chief Customer Officer.

What Technology (Tech Stack) Is Used byXcel Energy?

Discover the tools Xcel Energy uses. Highperformr reveals the technologies powering your target accounts — helping your sales, marketing, and GTM teams prioritize smarter and close faster.

Xcel Energy Email Formats and Examples

Xcel Energy typically utilizes a standard corporate email format. The most common structure is 'firstname.lastname@xcelenergy.com'. This format is widely used for official communications.

firstname.lastname@xcelenergy.com

Format

john.doe@xcelenergy.com

Example

90%

Success rate

What's the Latest News About Xcel Energy?

Xcel Energy Newsroom • May 2, 2024

Xcel Energy highlights investments in reliable, affordable and cleaner energy system for customers

Xcel Energy provided an update on its strategic investments focused on improving grid reliability, ensuring energy affordability, and advancing its clean energy transition. The company highlighted progress on key renewable energy projects and critical infrastructure upgrades designed to benefit customers....more

Xcel Energy Investors • April 25, 2024

Xcel Energy Reports Strong First-Quarter 2024 Results, Reaffirms Guidance

Xcel Energy announced its financial results for the first quarter of 2024, showcasing strong earnings and reaffirming its annual financial guidance. The performance was attributed to ongoing system investments and constructive regulatory outcomes....more

Multiple News Outlets (e.g., Reuters, Company Statements) • March 7, 2024

Xcel Energy Addresses Involvement in Texas Wildfires

Xcel Energy acknowledged that its equipment appeared to be involved in the ignition of the Smokehouse Creek fire in the Texas Panhandle. The company expressed its commitment to supporting the affected communities and cooperating fully with all investigations into the event....more

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