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Recurring Fair Value Measurements (Details) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Derivatives, Fair Value [Line Items]      
Derivative Asset, Net $ 279 $ 123  
Derivative Asset, Noncurrent 93 67  
Derivative Liability, Net 113 105  
Return Cash Collateral 0 0  
Reclaim Cash Collateral $ 53 $ 30  
Changes in Level 3 Commodity Derivatives      
Derivative Liability, Statement of Financial Position [Extensible Enumeration] Derivative instruments Derivative instruments  
Derivative Liability, Noncurrent $ 76 $ 69  
Commodity Contract      
Changes in Level 3 Commodity Derivatives      
Balance at Jan. 1 19 (49) $ 4
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Inputs Reconciliation, Purchases [1] 406 65 51
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Inputs Reconciliation, Settlements [1] (350) (158) (73)
(Losses) gains recognized in earnings [2] 151 49 (39)
Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Liability Net Losses Gains Recognized As Regulatory Assets And Liabilities [1] 10 112 8
Balance at Dec. 31 $ 236 $ 19 $ (49)
Other Noncurrent Assets      
Derivatives, Fair Value [Line Items]      
Derivative Asset, Current, Statement of Financial Position [Extensible Enumeration] Derivative instruments Derivative instruments  
Changes in Level 3 Commodity Derivatives      
Derivative Asset, Noncurrent, Statement of Financial Position [Extensible Enumeration] Derivative instruments Derivative instruments  
Fair Value Measured on a Recurring Basis      
Derivatives, Fair Value [Line Items]      
Derivative Asset, Net $ 276 $ 120  
Derivative Asset, Noncurrent 90 61  
Derivative Liability, Net 83 65  
Changes in Level 3 Commodity Derivatives      
Derivative Liability, Noncurrent 59 52  
Fair Value Measured on a Recurring Basis | Other Derivative Instruments | Commodity Contract      
Derivatives, Fair Value [Line Items]      
Derivative Asset, Net 82 46  
Derivative Asset, Noncurrent 90 61  
Derivative Liability, Net 83 65  
Changes in Level 3 Commodity Derivatives      
Derivative Liability, Noncurrent 45 44  
Fair Value Measured on a Recurring Basis | Other Derivative Instruments | Electric Commodity      
Derivatives, Fair Value [Line Items]      
Derivative Asset, Gross 177 57  
Netting [3] (2) (1)  
Derivative Asset, Net 175 56  
Derivative Liability, Gross 2 1  
Netting [3] (2) (1)  
Changes in Level 3 Commodity Derivatives      
Derivative Liability, Noncurrent 0 0  
Fair Value Measured on a Recurring Basis | Other Derivative Instruments | Electric Commodity | Level 1      
Derivatives, Fair Value [Line Items]      
Derivative Asset, Gross 0 0  
Derivative Liability, Gross 0 0  
Fair Value Measured on a Recurring Basis | Other Derivative Instruments | Electric Commodity | Level 2      
Derivatives, Fair Value [Line Items]      
Derivative Asset, Gross 0 0  
Derivative Liability, Gross 0 0  
Fair Value Measured on a Recurring Basis | Other Derivative Instruments | Electric Commodity | Level 3      
Derivatives, Fair Value [Line Items]      
Derivative Asset, Gross 177 57  
Derivative Liability, Gross 2 1  
Fair Value Measured on a Recurring Basis | Other Derivative Instruments | Natural Gas Commodity      
Derivatives, Fair Value [Line Items]      
Derivative Asset, Gross 19 18  
Netting [3] 0 0  
Derivative Asset, Net 19 18  
Derivative Liability, Gross 13 8  
Netting [3] 0 0  
Changes in Level 3 Commodity Derivatives      
Derivative Liability, Noncurrent 13 8  
Fair Value Measured on a Recurring Basis | Other Derivative Instruments | Natural Gas Commodity | Level 1      
Derivatives, Fair Value [Line Items]      
Derivative Asset, Gross 0 0  
Derivative Liability, Gross 0 0  
Fair Value Measured on a Recurring Basis | Other Derivative Instruments | Natural Gas Commodity | Level 2      
Derivatives, Fair Value [Line Items]      
Derivative Asset, Gross 19 18  
Derivative Liability, Gross 13 8  
Fair Value Measured on a Recurring Basis | Other Derivative Instruments | Natural Gas Commodity | Level 3      
Derivatives, Fair Value [Line Items]      
Derivative Asset, Gross 0 0  
Derivative Liability, Gross 0 0  
Fair Value Measured on a Recurring Basis | Designated as Hedging Instrument | Interest Rate Swap | Cash Flow Hedges      
Changes in Level 3 Commodity Derivatives      
Derivative Liability, Noncurrent 1 0  
Fair Value Measured on a Recurring Basis | Other Current Assets      
Derivatives, Fair Value [Line Items]      
Derivative Asset, Gross 520 255  
Netting [3] (244) (135)  
Fair Value Measured on a Recurring Basis | Other Current Assets | Level 1      
Derivatives, Fair Value [Line Items]      
Derivative Asset, Gross 32 22  
Fair Value Measured on a Recurring Basis | Other Current Assets | Level 2      
Derivatives, Fair Value [Line Items]      
Derivative Asset, Gross 278 155  
Fair Value Measured on a Recurring Basis | Other Current Assets | Level 3      
Derivatives, Fair Value [Line Items]      
Derivative Asset, Gross 210 78  
Fair Value Measured on a Recurring Basis | Other Current Assets | Other Derivative Instruments | Commodity Contract      
Derivatives, Fair Value [Line Items]      
Derivative Asset, Gross 324 180  
Netting [3] (242) (134)  
Fair Value Measured on a Recurring Basis | Other Current Assets | Other Derivative Instruments | Commodity Contract | Level 1      
Derivatives, Fair Value [Line Items]      
Derivative Asset, Gross 32 22  
Fair Value Measured on a Recurring Basis | Other Current Assets | Other Derivative Instruments | Commodity Contract | Level 2      
Derivatives, Fair Value [Line Items]      
Derivative Asset, Gross 259 137  
Fair Value Measured on a Recurring Basis | Other Current Assets | Other Derivative Instruments | Commodity Contract | Level 3      
Derivatives, Fair Value [Line Items]      
Derivative Asset, Gross 33 21  
Fair Value Measured on a Recurring Basis | Other Noncurrent Assets      
Derivatives, Fair Value [Line Items]      
Derivative Asset, Gross 179 168  
Netting [3] (89) (107)  
Fair Value Measured on a Recurring Basis | Other Noncurrent Assets | Level 1      
Derivatives, Fair Value [Line Items]      
Derivative Asset, Gross 34 16  
Fair Value Measured on a Recurring Basis | Other Noncurrent Assets | Level 2      
Derivatives, Fair Value [Line Items]      
Derivative Asset, Gross 71 63  
Fair Value Measured on a Recurring Basis | Other Noncurrent Assets | Level 3      
Derivatives, Fair Value [Line Items]      
Derivative Asset, Gross 74 89  
Fair Value Measured on a Recurring Basis | Other Noncurrent Assets | Other Derivative Instruments | Commodity Contract      
Derivatives, Fair Value [Line Items]      
Derivative Asset, Gross 179 168  
Netting [3] (89) (107)  
Fair Value Measured on a Recurring Basis | Other Noncurrent Assets | Other Derivative Instruments | Commodity Contract | Level 1      
Derivatives, Fair Value [Line Items]      
Derivative Asset, Gross 34 16  
Fair Value Measured on a Recurring Basis | Other Noncurrent Assets | Other Derivative Instruments | Commodity Contract | Level 2      
Derivatives, Fair Value [Line Items]      
Derivative Asset, Gross 71 63  
Fair Value Measured on a Recurring Basis | Other Noncurrent Assets | Other Derivative Instruments | Commodity Contract | Level 3      
Derivatives, Fair Value [Line Items]      
Derivative Asset, Gross 74 89  
Fair Value Measured on a Recurring Basis | Other Current Liabilities      
Derivatives, Fair Value [Line Items]      
Derivative Liability, Gross 348 196  
Netting [3] (289) (144)  
Fair Value Measured on a Recurring Basis | Other Current Liabilities | Level 1      
Derivatives, Fair Value [Line Items]      
Derivative Liability, Gross 29 19  
Fair Value Measured on a Recurring Basis | Other Current Liabilities | Level 2      
Derivatives, Fair Value [Line Items]      
Derivative Liability, Gross 311 156  
Fair Value Measured on a Recurring Basis | Other Current Liabilities | Level 3      
Derivatives, Fair Value [Line Items]      
Derivative Liability, Gross 8 21  
Fair Value Measured on a Recurring Basis | Other Current Liabilities | Other Derivative Instruments | Commodity Contract      
Derivatives, Fair Value [Line Items]      
Derivative Liability, Gross 332 187  
Netting [3] (287) (143)  
Fair Value Measured on a Recurring Basis | Other Current Liabilities | Other Derivative Instruments | Commodity Contract | Level 1      
Derivatives, Fair Value [Line Items]      
Derivative Liability, Gross 29 19  
Fair Value Measured on a Recurring Basis | Other Current Liabilities | Other Derivative Instruments | Commodity Contract | Level 2      
Derivatives, Fair Value [Line Items]      
Derivative Liability, Gross 297 148  
Fair Value Measured on a Recurring Basis | Other Current Liabilities | Other Derivative Instruments | Commodity Contract | Level 3      
Derivatives, Fair Value [Line Items]      
Derivative Liability, Gross 6 20  
Fair Value Measured on a Recurring Basis | Other Current Liabilities | Designated as Hedging Instrument | Interest Rate Swap      
Derivatives, Fair Value [Line Items]      
Netting [3] 0 0  
Fair Value Measured on a Recurring Basis | Other Current Liabilities | Designated as Hedging Instrument | Interest Rate Swap | Cash Flow Hedges      
Derivatives, Fair Value [Line Items]      
Derivative Liability, Gross 1 0  
Fair Value Measured on a Recurring Basis | Other Current Liabilities | Designated as Hedging Instrument | Interest Rate Swap | Level 1 | Cash Flow Hedges      
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 | Level 2 | Cash Flow Hedges      
Derivatives, Fair Value [Line Items]      
Derivative Liability, Gross 1 0  
Fair Value Measured on a Recurring Basis | Other Current Liabilities | Designated as Hedging Instrument | Interest Rate Swap | Level 3 | Cash Flow Hedges      
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 181 193  
Netting [3] (98) (128)  
Fair Value Measured on a Recurring Basis | Other Noncurrent Liabilities | Level 1      
Derivatives, Fair Value [Line Items]      
Derivative Liability, Gross 43 18  
Fair Value Measured on a Recurring Basis | Other Noncurrent Liabilities | Level 2      
Derivatives, Fair Value [Line Items]      
Derivative Liability, Gross 97 48  
Fair Value Measured on a Recurring Basis | Other Noncurrent Liabilities | Level 3      
Derivatives, Fair Value [Line Items]      
Derivative Liability, Gross 41 127  
Fair Value Measured on a Recurring Basis | Other Noncurrent Liabilities | Other Derivative Instruments | Commodity Contract      
Derivatives, Fair Value [Line Items]      
Derivative Liability, Gross 181 193  
Netting [3] (98) (128)  
Fair Value Measured on a Recurring Basis | Other Noncurrent Liabilities | Other Derivative Instruments | Commodity Contract | Level 1      
Derivatives, Fair Value [Line Items]      
Derivative Liability, Gross 43 18  
Fair Value Measured on a Recurring Basis | Other Noncurrent Liabilities | Other Derivative Instruments | Commodity Contract | Level 2      
Derivatives, Fair Value [Line Items]      
Derivative Liability, Gross 97 48  
Fair Value Measured on a Recurring Basis | Other Noncurrent Liabilities | Other Derivative Instruments | Commodity Contract | Level 3      
Derivatives, Fair Value [Line Items]      
Derivative Liability, Gross 41 127  
Fair Value, Measurements, Nonrecurring | Purchased Power Agreements      
Derivatives, Fair Value [Line Items]      
Derivative Asset, Net [4] 3 3  
Derivative Asset, Noncurrent [4] 3 6  
Derivative Liability, Net [4] 30 40  
Changes in Level 3 Commodity Derivatives      
Derivative Liability, Noncurrent [4] $ 17 $ 17  
[1] Relates primarily to NSP-Minnesota and SPS FTR instruments administered by MISO and SPP.
[2] Relates to commodity trading and is subject to substantial offsetting losses and gains on derivative instruments categorized as levels 1 and 2 in the income statement. See above tables for the income statement impact of derivative activity, including commodity trading gains and losses.
[3] Xcel Energy nets derivative instruments and related collateral on its consolidated balance sheets when supported by a legally enforceable master netting agreement. At Dec. 31, 2022 and 2021, derivative assets and liabilities include no obligations to return cash collateral. At Dec. 31, 2022 and 2021, derivative assets and liabilities include rights to reclaim cash collateral of $53 million and $30 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.
[4] Xcel Energy currently applies the normal purchase exception to qualifying PPAs. Balance relates to specific contracts that were previously recognized at fair value prior to applying the normal purchase exception, and are being amortized over the remaining contract lives along with the offsetting regulatory assets and liabilities.