Xcel Energy Inc.
Southwestern Public Service Company Announces Resource Plan to Meet Future Energy Needs
Summary
In July 2025, Southwestern Public Service Company (SPS), a subsidiary of Xcel Energy, Inc., disclosed its Integrated Resource Plan (IRP) with the New Mexico Public Regulation Commission (NMPRC). The IRP supports projected load growth and reliability requirements, securing replacement energy and capacity for retiring resources. The plan outlines SPS's projected resource needs ranging from 5,300 MW to 10,200 MW by 2030. In alignment with this plan, SPS issued a Request for Proposal (RFP) seeking approximately 3,200 MW of accredited generation capacity by 2030. The RFP received bids, and the portfolio selection report filed in July 2025 includes 3,121 MW of accredited capacity resources. SPS expects to file for Certificate of Convenience and Necessity with regulatory bodies in the second half of 2025, with approvals anticipated in 2026.
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About Xcel Energy Inc.
Xcel Energy Inc. is a prominent utility company engaged in the generation, transmission, and distribution of electricity and natural gas. Primarily serving customers across eight states in the U.S., including the regions of the Midwest and Rocky Mountain areas, Xcel Energy plays a vital role in supplying energy to millions of residential, commercial, and industrial consumers. With a focus on sustainability and renewable energy, the company is actively expanding its renewable energy portfolio, investing in wind and solar power projects to reduce carbon emissions and promote cleaner energy solutions. Xcel Energy's operations are crucial for powering essential infrastructure and supporting economic activity in its service areas, making it a key player in the energy sector. Its commitment to innovation in energy production and distribution not only meets current demand but also gears towards future energy challenges in an evolving market landscape.
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