Stratrix
On the Record · Xcel Energy

Xcel Energy subsidiaries, as it lists them

The subsidiaries Xcel Energy lists in its latest annual report, with the jurisdiction of each, linked to the filing.

Subsidiaries it lists

SubsidiaryJurisdiction
Northern States Power Company (a Minnesota corporation)Minnesota
Northern States Power Company (a Wisconsin corporation)Wisconsin
Public Service Company of ColoradoColorado
Southwestern Public Service CompanyNew Mexico
WestGas InterState, Inc.Colorado
Xcel Energy Wholesale Group Inc.Minnesota
Xcel Energy Markets Holdings Inc.Minnesota
Xcel Energy International Inc.Delaware
Xcel Energy Ventures Inc.Minnesota
Xcel Energy Retail Holdings Inc.Minnesota
Xcel Energy Communications Group Inc.Minnesota
Xcel Energy WYCO Inc.Colorado
Xcel Energy Services Inc.Delaware
Xcel Energy Transmission Holding Company, LLCDelaware
Xcel Energy Venture Holdings, Inc.Minnesota
Nicollet Project Holdings LLCMinnesota
Nicollet Holdings Company LLCMinnesota
Xcel Energy Nuclear Services Holdings, LLCDelaware

From Exhibit 21 of the 10-K for 2025. Companies must list their significant subsidiaries there and may leave out smaller ones, so this is the company’s own list, not every entity it owns.

Read from Xcel Energy’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.