Xcel Energy

Distributor of natural gas and propane.

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Headquarters:
414 Nicollet Mall
Minneapolis, MN 55401
Employees: 10,000
CEO: Richard Kelly
Stock Symbol: XEL

Website: http://www.xcelenergy.com

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Xcel Energy is a major U.S. electricity and natural gas company, with operations in 10 Western and Midwestern states. Xcel Energy provides a comprehensive portfolio of energy-related products and services to 3.3 million electricity customers and 1.8 million natural gas customers through its regulated operating companies.

The company owns over 260,000 conductor miles of electricity transmission and distribution lines, and more than 33,000 miles of natural gas pipelines; and operates power plants that generate over 15,200 megawatts of electric power.

In 2005, Xcel Energy reported total revenues of $9.6 billion and net income of $512.9 million.

Benefits

- Medical
- Dental
- Vision
- Employee Life Insurance
- Employee AD&D Insurance
- Dependent Life Insurance
- Dependent AD&D Insurance
- Optional Long Term Disability
- Health Care and Dependent Care Reimbursement Accounts
- Transportation Reimbursement Account
- Paid Time Off (PTO) Buy/Sell Program (part-time employees not eligible)
- Bus pass program in Denver and Minnesota Twin Cities metro areas

Coverage for eligible dependents includes:
- Medical
- Dental
- Vision
- Life Insurance
- Accidental Death and Dismemberment (AD&D) Insurance

Bargaining unit benefits are based on the contract negotiated with a specific local union.

Employees whose families are comprised of domestic partners and/or children of a domestic partner have participated in Xcel Energy benefits since 1992.

Pension: Xcel Energy provides a pension plan to help employees prepare for a financially secure retirement. The pension benefit is based on an employee's length of service and eligible compensation.
401(k) Savings Plan: Employees can make a combination of pre-tax and/or after-tax contributions. Employees choose how to invest their contributions from a number of investment options. Xcel Energy matches a portion of employee contributions up to 4% of pay.

Updated February 14, 2006

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