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10-K primary document
XEL · Annual Report (Form 10-K) · Filed February 25, 2026

Xcel Energy Inc — 10-K exhibit

xcelex2101q42025.htm
Xcel Energy Inc on Boardroom Alpha
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Exhibit 21.01

SUBSIDIARIES OF XCEL ENERGY INC.

SUBSIDIARY (a)
 STATE OF INCORPORATION PURPOSE
Northern States Power Company (a Minnesota corporation) Minnesota Electric and gas utility
Northern States Power Company (a Wisconsin corporation) Wisconsin Electric and gas utility
Public Service Company of Colorado Colorado Electric and gas utility
Southwestern Public Service Company New Mexico Electric utility
WestGas InterState, Inc. Colorado Natural gas transmission company
Xcel Energy Wholesale Group Inc. Minnesota Intermediate holding company for subsidiaries providing wholesale energy
Xcel Energy Markets Holdings Inc. Minnesota Intermediate holding company for subsidiaries providing energy marketing services
Xcel Energy International Inc. Delaware Intermediate holding company for international subsidiaries
Xcel Energy Ventures Inc. Minnesota Intermediate holding company for subsidiaries developing new businesses
Xcel Energy Retail Holdings Inc. Minnesota Intermediate holding company for subsidiaries providing services to retail customers
Xcel Energy Communications Group Inc.  Minnesota Intermediate holding company for subsidiaries providing telecommunications and related services
Xcel Energy WYCO Inc.  Colorado Intermediate holding company holding investment in WYCO
Xcel Energy Services Inc.   Delaware Service company for Xcel Energy system
Xcel Energy Transmission Holding Company, LLCDelawareIntermediate holding company for subsidiaries developing and providing energy transmission services
Xcel Energy Venture Holdings, Inc.MinnesotaIntermediate holding company holding investment in Energy Impact Fund
Nicollet Project Holdings LLCMinnesotaIntermediate holding company holding investment in Nicollet Projects I LLC and Nicollet Projects II LLC
Nicollet Holdings Company LLCMinnesotaIntermediate holding company for subsidiaries procuring equipment for renewable generation facilities at other subsidiaries
Xcel Energy Nuclear Services Holdings, LLCDelawareIntermediate holding company for nuclear subsidiaries
(a)Certain insignificant subsidiaries are omitted.

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