Stratrix
On the Record · Northern States Power

Northern States Power layoffs, on the record

Every job cut, severance charge and restructuring Northern States Power reported in its annual reports, 2023 to 2025, quoted from the filings.

Job cuts, severance and restructuring

  1. Our summaryXcel Energy, the parent, offered a voluntary retirement program under which about 400 eligible non-bargaining employees retired. Affected: approximately 400 eligible non-bargaining employees

    Word for word“Xcel Energy initiated a voluntary retirement program, under which approximately 400 eligible non-bargaining employees retired.” 10-K for 2023

  2. Our summaryXcel Energy eliminated about 150 non-bargaining employees through an involuntary severance program. November 2023

    Word for word“In November 2023, Xcel Energy, Inc. also reduced its non-bargaining workforce by approximately 150 employees through an involuntary severance program.” 10-K for 2023

  3. Our summaryXcel Energy recorded total workforce reduction expense of $72 million in the fourth quarter of 2023, of which $5 million was attributable to NSP-Wisconsin. fourth quarter of 2023

    Word for word“Total Xcel Energy workforce reduction expenses of $72 million were recorded in the fourth quarter of 2023, of which $5 million was attributable to NSP-Wisconsin.” 10-K for 2023

  4. Our summaryXcel Energy eliminated about 150 non-bargaining employees through an involuntary severance program. Affected: approximately 150 non-bargaining employees

    Word for word“Xcel Energy also eliminated approximately 150 non-bargaining employees through an involuntary severance program.” 10-K for 2024

  5. Our summaryXcel Energy recorded workforce reduction expense for the voluntary retirement and involuntary severance programs, with a portion attributed to NSP-Wisconsin. In the fourth quarter of 2023, Xcel Energy recorded total expense of $ 72 million related to these workforce actions, of which $ 5 million was attributable to NSP-Wisconsin.

    Word for word“In the fourth quarter of 2023, Xcel Energy recorded total expense of $ 72 million related to these workforce actions, of which $ 5 million was attributable to NSP-Wisconsin.” 10-K for 2024

Northern States Power has filed no restructuring notice (Form 8-K, Item 2.05) since 2016. Companies file one only for a cut they judge material, so many announced layoffs never appear as one. This page shows what the company reported to the SEC, not news reports or state layoff notices.

Read from Northern States Power’s annual reports (10-K for 2025, 10-K for 2024, 10-K for 2023) and the financial data it files with the SEC, as of 2026-02-25. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.