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The Daily Insight Hub

When did Xcel buy NSP?

Author

Matthew Harrington

Updated on January 14, 2026

Aug. 18, 2000
On Aug. 18, 2000, New Century Energies, Inc. (NCE) and Northern States Power Co. (NSP) merged and formed Xcel Energy Inc.

When was Xcel Energy formed?

28 June 1999
Xcel Energy/Founded

Who founded Xcel Energy?

Synopsis. Xcel Energy is a leading utility holding corporation which serves electricity & natural gas in Minnesota & 9 other States of America. It has its headquarter in Minneapolis. The company was founded in the year 1998- Ben Fowke is the President, Chairman & CEO of Xcel Energy.

Is CenterPoint and Xcel Energy the same?

And they are shared by the two utilities, CenterPoint Energy and Xcel Energy, that have long provided service to the city. …

Who is the CEO of Xcel Energy?

Ben Fowke (24 Aug 2011–)
Xcel Energy/CEO

Is Xcel Energy government owned?

Xcel Energy Inc. is a public utility holding company. The Company’s operations include the activity of four utility subsidiaries that serve electric and natural gas customers in eight states.

How many employees does Xcel Energy have?

Our workforce of more than 12,000 is rising to the challenge of a dynamic, constantly-changing utility industry. One that requires us to be even more customer focused, forward thinking and productive while remaining committed to meeting our customers’ fundamental need for safe, reliable, affordable energy.

What does Xcel Energy provide?

Xcel Energy provides gas & electric service to specific geographies in CO, MI, MN, NM, ND, SD, TX, and WI. The simplest way to find out who serves a new address is to check with a landlord, property owner, or find the company’s name on the property’s services meter(s).

What does CenterPoint Energy provide?

Houston-based CenterPoint Energy is an energy delivery company that has operated for over 140 years. CenterPoint’s utility offerings include natural gas service, electric transmission, and electric distribution for both businesses and residences around the nation.

How old is fowke?

61
How old is Benjamin Fowke? Benjamin Fowke is 61, he’s been the Chairman of the Board and Chief Executive Officer of Xcel since 2020.

Where is the northern states power company located?

Northern States Power Company (NSP) was a publicly-traded Standard & Poors 500 electric and natural gas utility holding company based in Minneapolis, Minnesota that is now a subsidiary of Xcel Energy . Northern States Power Company Facilities: Black Dog Generating Station is near Burnsville, Minnesota.

When did northern states power company expand to Wisconsin?

In 1939 the company continued to expand in Wisconsin. On August 29, 1941, NSP merged the wholly owned subsidiaries Minneapolis General Electric Company, St. Croix Falls Minnesota Improvement Company, and Minnesota Brush Electric Company into NSP.

When did northern states power company start paying dividends?

Northern States Power Company (NSP) was a publicly traded utility, paying a cash dividend to shareholders every year since 1910.

When did northern states Power Company merge with Primergy?

The merged company would have been headquartered in Minneapolis (with NSP as the nominal survivor), but incorporated in Wisconsin. The Primergy board of directors were to be equally split, composed of six from each company. The merger deal was expected to be completed in the fourth quarter of 1996.