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Recurring Fair Value Measurements (Details) - USD ($)
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Dec. 31, 2019
Derivatives, Fair Value [Line Items]      
Return Cash Collateral $ 32,000,000   $ 32,000,000
Reclaim Cash Collateral 6,000,000   11,000,000
Commodity Trading      
Changes in Level 3 Commodity Derivatives [Roll Forward]      
Balance at beginning of period 4,000,000 $ 29,000,000  
Purchases 12,000,000 4,000,000  
Settlements (18,000,000) (11,000,000)  
Gains (losses) recognized in earnings [1] 6,000,000 (18,000,000)  
Net gains (losses) recognized as regulatory assets and liabilities 1,000,000 (11,000,000)  
Balance at end of period 5,000,000 (7,000,000)  
Transfers Level 3, Net 0 $ 0  
Other Current Assets      
Derivatives, Fair Value [Line Items]      
Derivative Asset, Net 45,000,000   55,000,000
Other Noncurrent Assets      
Derivatives, Fair Value [Line Items]      
Derivative Asset, Net 39,000,000   22,000,000
Other Current Liabilities      
Derivatives, Fair Value [Line Items]      
Derivative Liability, Net 52,000,000   38,000,000
Other Noncurrent Liabilities      
Derivatives, Fair Value [Line Items]      
Derivative Liability, Net 183,000,000   175,000,000
Fair Value Measured on a Recurring Basis | Other Current Assets      
Derivatives, Fair Value [Line Items]      
Derivative Asset, Gross 105,000,000   105,000,000
Netting [2] (63,000,000)   (53,000,000)
Derivative Asset, Net 42,000,000   52,000,000
Fair Value Measured on a Recurring Basis | Other Current Assets | Level 1      
Derivatives, Fair Value [Line Items]      
Derivative Asset, Gross 8,000,000   3,000,000
Fair Value Measured on a Recurring Basis | Other Current Assets | Level 2      
Derivatives, Fair Value [Line Items]      
Derivative Asset, Gross 63,000,000   57,000,000
Fair Value Measured on a Recurring Basis | Other Current Assets | Level 3      
Derivatives, Fair Value [Line Items]      
Derivative Asset, Gross 34,000,000   45,000,000
Fair Value Measured on a Recurring Basis | Other Current Assets | Other Derivative Instruments | Commodity Trading      
Derivatives, Fair Value [Line Items]      
Derivative Asset, Gross 87,000,000   78,000,000
Netting [2] (63,000,000)   (52,000,000)
Derivative Asset, Net 24,000,000   26,000,000
Fair Value Measured on a Recurring Basis | Other Current Assets | Other Derivative Instruments | Electric Commodity      
Derivatives, Fair Value [Line Items]      
Derivative Asset, Gross 18,000,000   21,000,000
Netting [2] 0   (1,000,000)
Derivative Asset, Net 18,000,000   20,000,000
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   6,000,000
Netting [2] 0   0
Derivative Asset, Net 0   6,000,000
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 8,000,000   3,000,000
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 63,000,000   51,000,000
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   6,000,000
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 16,000,000   24,000,000
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 18,000,000   21,000,000
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 72,000,000   54,000,000
Netting [2] (45,000,000)   (45,000,000)
Derivative Asset, Net 27,000,000   9,000,000
Fair Value Measured on a Recurring Basis | Other Noncurrent Assets | Level 1      
Derivatives, Fair Value [Line Items]      
Derivative Asset, Gross 10,000,000   9,000,000
Fair Value Measured on a Recurring Basis | Other Noncurrent Assets | Level 2      
Derivatives, Fair Value [Line Items]      
Derivative Asset, Gross 38,000,000   38,000,000
Fair Value Measured on a Recurring Basis | Other Noncurrent Assets | Level 3      
Derivatives, Fair Value [Line Items]      
Derivative Asset, Gross 24,000,000   7,000,000
Fair Value Measured on a Recurring Basis | Other Noncurrent Assets | Other Derivative Instruments | Commodity Trading      
Derivatives, Fair Value [Line Items]      
Derivative Asset, Gross 70,000,000   54,000,000
Netting [2] (45,000,000)   (45,000,000)
Derivative Asset, Net 25,000,000   9,000,000
Fair Value Measured on a Recurring Basis | Other Noncurrent Assets | Other Derivative Instruments | Electric Commodity      
Derivatives, Fair Value [Line Items]      
Derivative Asset, Gross 2,000,000   0
Netting [2] 0   0
Derivative Asset, Net 2,000,000   0
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 10,000,000   9,000,000
Fair Value Measured on a Recurring Basis | Other Noncurrent 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 Noncurrent Assets | Other Derivative Instruments | Level 2 | Commodity Trading      
Derivatives, Fair Value [Line Items]      
Derivative Asset, Gross 38,000,000   38,000,000
Fair Value Measured on a Recurring Basis | Other Noncurrent 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 Noncurrent Assets | Other Derivative Instruments | Level 3 | Commodity Trading      
Derivatives, Fair Value [Line Items]      
Derivative Asset, Gross 22,000,000   7,000,000
Fair Value Measured on a Recurring Basis | Other Noncurrent Assets | Other Derivative Instruments | Level 3 | Electric Commodity      
Derivatives, Fair Value [Line Items]      
Derivative Asset, Gross 2,000,000   0
Fair Value Measured on a Recurring Basis | Other Current Liabilities      
Derivatives, Fair Value [Line Items]      
Derivative Liability, Gross 97,000,000   84,000,000
Netting [2] (63,000,000)   (64,000,000)
Derivative Liability, Net 34,000,000   20,000,000
Fair Value Measured on a Recurring Basis | Other Current Liabilities | Level 1      
Derivatives, Fair Value [Line Items]      
Derivative Liability, Gross 8,000,000   4,000,000
Fair Value Measured on a Recurring Basis | Other Current Liabilities | Level 2      
Derivatives, Fair Value [Line Items]      
Derivative Liability, Gross 75,000,000   64,000,000
Fair Value Measured on a Recurring Basis | Other Current Liabilities | Level 3      
Derivatives, Fair Value [Line Items]      
Derivative Liability, Gross 14,000,000   16,000,000
Fair Value Measured on a Recurring Basis | Other Current Liabilities | Other Derivative Instruments | Commodity Trading      
Derivatives, Fair Value [Line Items]      
Derivative Liability, Gross 84,000,000   78,000,000
Netting [2] (63,000,000)   (63,000,000)
Derivative Liability, Net 21,000,000   15,000,000
Fair Value Measured on a Recurring Basis | Other Current Liabilities | Other Derivative Instruments | Electric Commodity      
Derivatives, Fair Value [Line Items]      
Derivative Liability, Gross 0   1,000,000
Netting [2] 0   (1,000,000)
Derivative Liability, Net 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   5,000,000
Netting [2] 0   0
Derivative Liability, Net 0   5,000,000
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 8,000,000   4,000,000
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 62,000,000   59,000,000
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   5,000,000
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 14,000,000   15,000,000
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   1,000,000
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 Current Liabilities | Designated as Hedging Instrument | Interest Rate Swap      
Derivatives, Fair Value [Line Items]      
Netting [2] 0   0
Fair Value Measured on a Recurring Basis | Other Current Liabilities | Designated as Hedging Instrument | Cash Flow Hedges | Interest Rate Swap      
Derivatives, Fair Value [Line Items]      
Derivative Liability, Gross 13,000,000   0
Derivative Liability, Net 13,000,000   0
Fair Value Measured on a Recurring Basis | Other Current Liabilities | Designated as Hedging Instrument | Level 1 | Cash Flow Hedges | Interest Rate Swap      
Derivatives, Fair Value [Line Items]      
Derivative Liability, Gross 0   0
Fair Value Measured on a Recurring Basis | Other Current Liabilities | Designated as Hedging Instrument | Level 2 | Cash Flow Hedges | Interest Rate Swap      
Derivatives, Fair Value [Line Items]      
Derivative Liability, Gross 13,000,000   0
Fair Value Measured on a Recurring Basis | Other Current Liabilities | Designated as Hedging Instrument | Level 3 | Cash Flow Hedges | Interest Rate Swap      
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 131,000,000   113,000,000
Netting [2] (19,000,000)   (13,000,000)
Derivative Liability, Net 112,000,000   100,000,000
Fair Value Measured on a Recurring Basis | Other Noncurrent Liabilities | Level 1      
Derivatives, Fair Value [Line Items]      
Derivative Liability, Gross 3,000,000   2,000,000
Fair Value Measured on a Recurring Basis | Other Noncurrent Liabilities | Level 2      
Derivatives, Fair Value [Line Items]      
Derivative Liability, Gross 89,000,000   79,000,000
Fair Value Measured on a Recurring Basis | Other Noncurrent Liabilities | Level 3      
Derivatives, Fair Value [Line Items]      
Derivative Liability, Gross 39,000,000   32,000,000
Fair Value Measured on a Recurring Basis | Other Noncurrent Liabilities | Other Derivative Instruments | Commodity Trading      
Derivatives, Fair Value [Line Items]      
Derivative Liability, Gross 131,000,000   113,000,000
Netting [2] (19,000,000)   (13,000,000)
Derivative Liability, Net 112,000,000   100,000,000
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 3,000,000   2,000,000
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 89,000,000   79,000,000
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 39,000,000   32,000,000
Fair Value, Measurements, Nonrecurring | Other Current Assets | PPAs      
Derivatives, Fair Value [Line Items]      
Derivative Asset, Net [3] 3,000,000   3,000,000
Fair Value, Measurements, Nonrecurring | Other Noncurrent Assets | PPAs      
Derivatives, Fair Value [Line Items]      
Derivative Asset, Net [3] 12,000,000   13,000,000
Fair Value, Measurements, Nonrecurring | Other Current Liabilities | PPAs      
Derivatives, Fair Value [Line Items]      
Derivative Liability, Net [3] 18,000,000   18,000,000
Fair Value, Measurements, Nonrecurring | Other Noncurrent Liabilities | PPAs      
Derivatives, Fair Value [Line Items]      
Derivative Liability, Net [3] $ 71,000,000   $ 75,000,000
[1]
Amounts relate to commodity derivatives held at the end of the period.
[2]
Xcel Energy nets derivative instruments and related collateral in its consolidated balance sheet 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, 2020 and Dec. 31, 2019. At both March 31, 2020 and Dec. 31, 2019, derivative assets and liabilities include $32 million of obligations to return cash collateral and rights to reclaim cash collateral of $6 million and $11 million, respectively. Counterparty netting amounts presented exclude 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, contracts are no longer adjusted to fair value and the previous carrying value of these contracts is being amortized over the remaining contract lives along with the offsetting regulatory assets and liabilities.