Trade Origin Energy
Xcel Energy Inc. is a public services holding company based in Minneapolis, Minnesota, serving more than 3.3 million electrical customers and 1.8 million natural gas customers in Minnesota, Michigan, Wisconsin, North Dakota, South Dakota, Colorado, Texas and New Mexico in 2017. It consists of four operating subsidiaries: North State Power Minnesota, Northern Power States and Wisconsin, Colorado Public Service, and The Public Service in the Southwest Co.In December 2018 Xcel Energy announced that it will deliver 100 percent of clean, carbon-free electricity by 2050, with an 80 percent carbon reduction by 2035 (from 2005 levels). This makes Xcel the first major benefit in the United States to set such a goal. Xcel Energy was built on three companies: The Northern States Energy Company (NSP) based in Minneapolis, the Colorado Public Service Corporation (PSCo), and the Southwest Public Service based in Amarillo (SPS). Southwest Public Service Corporation (SPS) has its origins in 1904 and the Picos Valley in New Mexico when Maynard Gunsell acquired the electricity concession for The City of Roswell, New Mexico and its residents in 2000. Financial pressures to create this new enterprise soon overwhelmed him and sold the franchise to W.H. Gillenwater, whose utility was named roswell light electric company. The company later sold to an investment firm in Cleveland, Ohio, which already owned a schedule for the northern states energy company Roswell begins with the Washington Organization for Light & Power County in 1909. When H.M. Byllesby began building his holding company facilities across The northwest region of the United States, he changed its name to consumer energy company in 1910 which was renamed the Northern States Energy Company in 1916. While most of the NSP's territory has grown across central and southern Minnesota (starting with twin cities), it has acquired land in North Dakota (centered on Fargo, Grand Fork, and Minot) and stretches southwest of South Dakota (centered around Sioux Falls). The NSP system also extended eastward to Wisconsin, but because of utility ownership laws in that state, it was operated as a separate entity from the rest of the company.