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Fair Value of Financial Assets and Liabilities - Recurring Fair Value Measurements (Details) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Dec. 31, 2020
Derivatives, Fair Value [Line Items]      
Obligation to return cash $ 15   $ 15
Right to reclaim cash 11   1
Commodity Trading      
Changes in Level 3 Commodity Derivatives [Roll Forward]      
Balance at beginning of period (11) $ 5  
Settlements (7) (12)  
Gains (losses) recognized in earnings [1] 30 6  
Net gains (losses) recognized as regulatory assets and liabilities 0 3  
Balance at end of period 12 2  
Other Current Liabilities      
Derivatives, Fair Value [Line Items]      
Derivative liability 15   22
Other Noncurrent Liabilities      
Derivatives, Fair Value [Line Items]      
Derivative liability 84   71
Fair Value Measured on a Recurring Basis | Level 3      
Changes in Level 3 Commodity Derivatives [Roll Forward]      
Transfers level 3, net 0 $ 0  
Fair Value Measured on a Recurring Basis | Other Current Assets      
Derivatives, Fair Value [Line Items]      
Derivative asset, gross 30   43
Netting, asset [2] (22)   (26)
Derivative asset 8   17
Fair Value Measured on a Recurring Basis | Other Current Assets | Level 1      
Derivatives, Fair Value [Line Items]      
Derivative asset, gross 1   1
Fair Value Measured on a Recurring Basis | Other Current Assets | Level 2      
Derivatives, Fair Value [Line Items]      
Derivative asset, gross 23   29
Fair Value Measured on a Recurring Basis | Other Current Assets | Level 3      
Derivatives, Fair Value [Line Items]      
Derivative asset, gross 6   13
Fair Value Measured on a Recurring Basis | Other Current Assets | Other Derivative Instruments | Commodity Trading      
Derivatives, Fair Value [Line Items]      
Derivative asset, gross 24   27
Netting, asset [2] (21)   (25)
Derivative asset 3   2
Fair Value Measured on a Recurring Basis | Other Current Assets | Other Derivative Instruments | Electric Commodity      
Derivatives, Fair Value [Line Items]      
Derivative asset, gross 6   13
Netting, asset [2] (1)   (1)
Derivative asset 5   12
Fair Value Measured on a Recurring Basis | Other Current Assets | Other Derivative Instruments | Natural Gas Commodity      
Derivatives, Fair Value [Line Items]      
Derivative asset, gross 0   3
Netting, asset [2] 0   0
Derivative asset 0   3
Fair Value Measured on a Recurring Basis | Other Current Assets | Other Derivative Instruments | Level 1 | Commodity Trading      
Derivatives, Fair Value [Line Items]      
Derivative asset, gross 1   1
Fair Value Measured on a Recurring Basis | Other Current Assets | Other Derivative Instruments | Level 1 | Electric Commodity      
Derivatives, Fair Value [Line Items]      
Derivative asset, gross 0   0
Fair Value Measured on a Recurring Basis | Other Current Assets | Other Derivative Instruments | Level 1 | Natural Gas Commodity      
Derivatives, Fair Value [Line Items]      
Derivative asset, gross 0   0
Fair Value Measured on a Recurring Basis | Other Current Assets | Other Derivative Instruments | Level 2 | Commodity Trading      
Derivatives, Fair Value [Line Items]      
Derivative asset, gross 23   26
Fair Value Measured on a Recurring Basis | Other Current Assets | Other Derivative Instruments | Level 2 | Electric Commodity      
Derivatives, Fair Value [Line Items]      
Derivative asset, gross 0   0
Fair Value Measured on a Recurring Basis | Other Current Assets | Other Derivative Instruments | Level 2 | Natural Gas Commodity      
Derivatives, Fair Value [Line Items]      
Derivative asset, gross 0   3
Fair Value Measured on a Recurring Basis | Other Current Assets | Other Derivative Instruments | Level 3 | Commodity Trading      
Derivatives, Fair Value [Line Items]      
Derivative asset, gross 0   0
Fair Value Measured on a Recurring Basis | Other Current Assets | Other Derivative Instruments | Level 3 | Electric Commodity      
Derivatives, Fair Value [Line Items]      
Derivative asset, gross 6   13
Fair Value Measured on a Recurring Basis | Other Current Assets | Other Derivative Instruments | Level 3 | Natural Gas Commodity      
Derivatives, Fair Value [Line Items]      
Derivative asset, gross 0   0
Fair Value Measured on a Recurring Basis | Other Noncurrent Assets      
Derivatives, Fair Value [Line Items]      
Derivative asset, gross 66   46
Netting, asset [2] (40)   (41)
Derivative asset 26   5
Fair Value Measured on a Recurring Basis | Other Noncurrent Assets | Level 1      
Derivatives, Fair Value [Line Items]      
Derivative asset, gross 5   7
Fair Value Measured on a Recurring Basis | Other Noncurrent Assets | Level 2      
Derivatives, Fair Value [Line Items]      
Derivative asset, gross 33   39
Fair Value Measured on a Recurring Basis | Other Noncurrent Assets | Level 3      
Derivatives, Fair Value [Line Items]      
Derivative asset, gross 28   0
Fair Value Measured on a Recurring Basis | Other Noncurrent Assets | Other Derivative Instruments | Commodity Trading      
Derivatives, Fair Value [Line Items]      
Derivative asset, gross 66   46
Netting, asset [2] (40)   (41)
Derivative asset 26   5
Fair Value Measured on a Recurring Basis | Other Noncurrent Assets | Other Derivative Instruments | Level 1 | Commodity Trading      
Derivatives, Fair Value [Line Items]      
Derivative asset, gross 5   7
Fair Value Measured on a Recurring Basis | Other Noncurrent Assets | Other Derivative Instruments | Level 2 | Commodity Trading      
Derivatives, Fair Value [Line Items]      
Derivative asset, gross 33   39
Fair Value Measured on a Recurring Basis | Other Noncurrent Assets | Other Derivative Instruments | Level 3 | Commodity Trading      
Derivatives, Fair Value [Line Items]      
Derivative asset, gross 28   0
Fair Value Measured on a Recurring Basis | Other Current Liabilities      
Derivatives, Fair Value [Line Items]      
Derivative liability, gross 31   34
Netting, liability [2] (29)   (26)
Derivative liability 2   8
Fair Value Measured on a Recurring Basis | Other Current Liabilities | Level 1      
Derivatives, Fair Value [Line Items]      
Derivative liability, gross 4   3
Fair Value Measured on a Recurring Basis | Other Current Liabilities | Level 2      
Derivatives, Fair Value [Line Items]      
Derivative liability, gross 22   20
Fair Value Measured on a Recurring Basis | Other Current Liabilities | Level 3      
Derivatives, Fair Value [Line Items]      
Derivative liability, gross 5   11
Fair Value Measured on a Recurring Basis | Other Current Liabilities | Other Derivative Instruments | Commodity Trading      
Derivatives, Fair Value [Line Items]      
Derivative liability, gross 31   31
Netting, liability [2] (29)   (25)
Derivative liability 2   6
Fair Value Measured on a Recurring Basis | Other Current Liabilities | Other Derivative Instruments | Electric Commodity      
Derivatives, Fair Value [Line Items]      
Derivative liability, gross 0   1
Netting, liability [2] 0   (1)
Derivative liability 0   0
Fair Value Measured on a Recurring Basis | Other Current Liabilities | Other Derivative Instruments | Natural Gas Commodity      
Derivatives, Fair Value [Line Items]      
Derivative liability, gross 0   2
Netting, liability [2] 0   0
Derivative liability 0   2
Fair Value Measured on a Recurring Basis | Other Current Liabilities | Other Derivative Instruments | Level 1 | Commodity Trading      
Derivatives, Fair Value [Line Items]      
Derivative liability, gross 4   3
Fair Value Measured on a Recurring Basis | Other Current Liabilities | Other Derivative Instruments | Level 1 | Electric Commodity      
Derivatives, Fair Value [Line Items]      
Derivative liability, gross 0   0
Fair Value Measured on a Recurring Basis | Other Current Liabilities | Other Derivative Instruments | Level 1 | Natural Gas Commodity      
Derivatives, Fair Value [Line Items]      
Derivative liability, gross 0   0
Fair Value Measured on a Recurring Basis | Other Current Liabilities | Other Derivative Instruments | Level 2 | Commodity Trading      
Derivatives, Fair Value [Line Items]      
Derivative liability, gross 22   18
Fair Value Measured on a Recurring Basis | Other Current Liabilities | Other Derivative Instruments | Level 2 | Electric Commodity      
Derivatives, Fair Value [Line Items]      
Derivative liability, gross 0   0
Fair Value Measured on a Recurring Basis | Other Current Liabilities | Other Derivative Instruments | Level 2 | Natural Gas Commodity      
Derivatives, Fair Value [Line Items]      
Derivative liability, gross 0   2
Fair Value Measured on a Recurring Basis | Other Current Liabilities | Other Derivative Instruments | Level 3 | Commodity Trading      
Derivatives, Fair Value [Line Items]      
Derivative liability, gross 5   10
Fair Value Measured on a Recurring Basis | Other Current Liabilities | Other Derivative Instruments | Level 3 | Electric Commodity      
Derivatives, Fair Value [Line Items]      
Derivative liability, gross 0   1
Fair Value Measured on a Recurring Basis | Other Current Liabilities | Other Derivative Instruments | Level 3 | Natural Gas Commodity      
Derivatives, Fair Value [Line Items]      
Derivative liability, gross 0   0
Fair Value Measured on a Recurring Basis | Other Noncurrent Liabilities      
Derivatives, Fair Value [Line Items]      
Derivative liability, gross 69   50
Netting, liability [2] (30)   (27)
Derivative liability 39   23
Fair Value Measured on a Recurring Basis | Other Noncurrent Liabilities | Level 1      
Derivatives, Fair Value [Line Items]      
Derivative liability, gross 2   2
Fair Value Measured on a Recurring Basis | Other Noncurrent Liabilities | Level 2      
Derivatives, Fair Value [Line Items]      
Derivative liability, gross 50   35
Fair Value Measured on a Recurring Basis | Other Noncurrent Liabilities | Level 3      
Derivatives, Fair Value [Line Items]      
Derivative liability, gross 17   13
Fair Value Measured on a Recurring Basis | Other Noncurrent Liabilities | Other Derivative Instruments | Commodity Trading      
Derivatives, Fair Value [Line Items]      
Derivative liability, gross 69   50
Netting, liability [2] (30)   (27)
Derivative liability 39   23
Fair Value Measured on a Recurring Basis | Other Noncurrent Liabilities | Other Derivative Instruments | Level 1 | Commodity Trading      
Derivatives, Fair Value [Line Items]      
Derivative liability, gross 2   2
Fair Value Measured on a Recurring Basis | Other Noncurrent Liabilities | Other Derivative Instruments | Level 2 | Commodity Trading      
Derivatives, Fair Value [Line Items]      
Derivative liability, gross 50   35
Fair Value Measured on a Recurring Basis | Other Noncurrent Liabilities | Other Derivative Instruments | Level 3 | Commodity Trading      
Derivatives, Fair Value [Line Items]      
Derivative liability, gross 17   13
Fair Value, Measurements, Nonrecurring | Other Current Liabilities | PPAs      
Derivatives, Fair Value [Line Items]      
Derivative liability [3] 13   14
Fair Value, Measurements, Nonrecurring | Other Noncurrent Liabilities | PPAs      
Derivatives, Fair Value [Line Items]      
Derivative liability [3] $ 45   $ 48
[1] Level 3 gains recognized in earnings are subject to offsetting losses of derivative instruments categorized as levels 1 and 2 in the income statement.
[2] NSP-Minnesota nets derivative instruments and related collateral on its consolidated balance sheets when supported by a legally enforceable master netting agreement, and all derivative instruments and related collateral amounts were subject to master netting agreements at March 31, 2021 and Dec. 31, 2020. At both March 31, 2021 and Dec. 31, 2020, derivative assets and liabilities include $15 million of obligations to return cash collateral. At March 31, 2021 and Dec. 31, 2020 derivative assets and liabilities include rights to reclaim cash collateral of $11 million and $1 million, respectively. The counterparty netting excludes settlement receivables and payables and non-derivative amounts that may be subject to the same master netting agreements.
[3] During 2006, Xcel Energy qualified these contracts under the normal purchase exception. Based on this qualification, the contracts are no longer adjusted to fair value and the previous carrying value of these contracts will be amortized over the remaining contract lives along with the offsetting regulatory assets and liabilities.