Xcel Energy Inc., through its subsidiaries, engages in the generation, purchasing, transmission, distribution, and sale of electricity. It operates through Regulated Electric Utility, Regulated Natural Gas Utility, and All Other segments. The company generates electricity through wind, nuclear, hydroelectric, biomass, and solar energy sources, as well as coal, natural gas, oil, wood, and refuse-derived fuels. It also purchases, transports, distributes, and sells natural gas to retail customers, as well as transports customer-owned natural gas. In addition, the company develops and leases natural gas pipelines, and storage and compression facilities; and invests in rental housing projects and nonregulated assets, as well as procures equipment for the construction of renewable generation facilities. It serves residential, commercial, and industrial customers in the portions of Colorado, Michigan, Minnesota, New Mexico, North Dakota, South Dakota, Texas, and Wisconsin. The company was incorporated in 1909 and is headquartered in Minneapolis, Minnesota.
Xcel Energy Inc. has announced layoffs affecting approximately 36 employees as part of a decision to close its Denver office. The layoffs are part of a broader restructuring effort aimed at improving operational efficiency. The company cited the need to adapt to changing market conditions and optimize its workforce as key reasons for this decision. The layoffs are effective immediately, and the company is working to support affected employees during this transition. This move reflects ongoing challenges in the energy sector and the company's commitment to maintaining its competitive edge.
No one has shared a story from Xcel Energy Inc. yet. Went through a layoff here? Your experience helps others feel less alone.
Share your story →We'll email you the moment a new layoff is reported here.