Xcel Energy remains committed to supporting a growing economy, strengthening communities and delivering reliable and safe energy at the lowest possible cost as we lead the clean energy transition across all eight states we serve.

Our 2025 Sustainability Report reflects a year defined by rapid electrification, emerging technologies and significant infrastructure investments — all while staying focused on customer reliability and affordability.

“Meeting this moment calls for new technology, disciplined investment and a firm commitment to reliability and affordability,” said Bob Frenzel, chairman, president and CEO of Xcel Energy. “As demand accelerates, we are laying the foundation for the next era while staying true to what matters most — making energy work better for our customers.”


Our 2025 performance at a glance

Our 21st annual report includes nearly 2,000 data points detailing how we are building a cleaner, more resilient and more customer‑focused energy system. In 2025, we:

  • Reduced carbon emissions 58% from 2005 levels

  • Delivered 99.98% electric reliability and restored 89% of customers within 24 hours during major storm events — outperforming the 80% industry standard.

  • Continued to deliver affordability for customers, with average residential electric bills 32% below the national average.

  • Advanced the largest infrastructure build‑out in our company’s history with a $60 billion base capital plan, including long‑duration storage, clean generation, and grid modernization.

  • Delivered $6 billion in customer savings from wind energy since 2017

  • Provided $181 million in energy assistance to nearly 200,000 customers

  • Spent $5.8 billion with local businesses

  • Made $7 billion in community capital investments

  • Generated $3.3 million in economic impact from employee volunteering

  • Created 1,400 new jobs through economic development projects

Prioritizing people and workplace excellence

In 2025, we employed 11,500 employees, welcomed 1,500 new hires and continued growing a skilled and engaged workforce. Employees served on 373 community boards and our business resource groups grew to expanded to 14 groups.

Our commitment to ethics, hiring and excellence was again recognized through honors such as Ethisphere’s World’s Most Ethical Companies, Fortune World’s Most Admired Companies and Military Times Best for Vets.

Powering a clean energy future

Our 2025 energy mix reached 53% carbon‑free, supported by a diverse and balanced portfolio:

  • Wind: 33%

  • Natural Gas: 33%

  • Coal: 14%

  • Nuclear: 12%

  • Solar: 6%

  • Other Renewables: 2%

We continue to replace aging fossil assets with clean and flexible resources, expand renewable generation and storage and pursue advanced technologies to ensure affordability as we transition.

Responsible growth through partnerships

Electrification — particularly from data centers and large commercial growth — is reshaping the energy landscape. We are scaling responsibly through partnerships with companies such as Google, Meta, GE Vernova, NextEra Energy and QTS. These customers fully fund their infrastructure needs, helping us expand clean energy resources — including nearly 2,000 megawatts of new clean energy supporting Google’s Pine Island data center.

Building a more resilient energy system

Wildfire mitigation and storm resilience remained major priorities. In 2025, we deployed approximately 200 AI‑enabled fire detection cameras and 200 weather monitoring stations to protect communities. We recorded nearly 177,000 storm hours while continuing to exceed restoration expectations.

Committed to the communities we serve

Xcel Energy continued a longstanding tradition of service, exceeding two decades of meeting or exceeding EPS guidance and maintaining strong financial stewardship — all while investing in local economies and supporting essential services.

See all the ways we’re making energy work better for our customers in our newly released Sustainability Report.