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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.  20549
FORM 10-Q
(Mark One)
QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the quarterly period ended March 31, 2023
or
TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the transition period from to

Commission File Number: 001-3034
Xcel Energy Inc.
(Exact Name of Registrant as Specified in its Charter)
Minnesota41-0448030
(State or Other Jurisdiction of Incorporation or Organization)

(I.R.S. Employer Identification No.)
414 Nicollet MallMinneapolisMinnesota55401
(Address of Principal Executive Offices)(Zip Code)
(612)330-5500
(Registrant’s Telephone Number, Including Area Code)

Securities registered pursuant to Section 12(b) of the Act:
Title of each classTrading Symbol(s)Name of each exchange on which registered
Common Stock, $2.50 par valueXELNasdaq Stock Market LLC

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.     Yes   No
Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).     Yes   No
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or an emerging growth company.  See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.
Large accelerated filerAccelerated filer
Non-accelerated filerSmaller reporting company
Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.
Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes No
Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date.
ClassOutstanding at April 24, 2023
Common Stock, $2.50 par value550,356,331 shares



TABLE OF CONTENTS
PART IFINANCIAL INFORMATION
Item 1 —
Item 2 —
Item 3 —
Item 4 —
PART IIOTHER INFORMATION
Item 1 —
Item 1A —
Item 2 —
Item 6 —
This Form 10-Q is filed by Xcel Energy Inc. Additional information is available in various filings with the SEC. This report should be read in its entirety.
2


Definitions of Abbreviations
Xcel Energy Inc.’s Subsidiaries and Affiliates (current and former)
e primee prime inc.
NSP-MinnesotaNorthern States Power Company, a Minnesota corporation
NSP SystemThe electric production and transmission system of NSP-Minnesota and NSP-Wisconsin operated on an integrated basis and managed by NSP-Minnesota
NSP-WisconsinNorthern States Power Company, a Wisconsin corporation
PSCoPublic Service Company of Colorado
SPSSouthwestern Public Service Company
Utility subsidiariesNSP-Minnesota, NSP-Wisconsin, PSCo and SPS
WYCOWYCO Development, LLC
Xcel EnergyXcel Energy Inc. and its subsidiaries
Federal and State Regulatory Agencies
CPUCColorado Public Utilities Commission
D.C. CircuitUnited States Court of Appeals for the District of Columbia Circuit
DOCMinnesota Department of Commerce
EPAUnited States Environmental Protection Agency
FERCFederal Energy Regulatory Commission
LES-FEALouisiana Energy Services & Federal Executive Agencies
MPUCMinnesota Public Utilities Commission
NMPRCNew Mexico Public Regulation Commission
NRCNuclear Regulatory Commission
OAGMinnesota Office of Attorney General
PSCWPublic Service Commission of Wisconsin
PUCTPublic Utility Commission of Texas
SECSecurities and Exchange Commission
Electric, Purchased Gas and Resource Adjustment Clauses
ECARetail electric commodity adjustment
GCAGas cost adjustment
Other
AFUDCAllowance for funds used during construction
AGNew Mexico Attorney General
ALJAdministrative Law Judge
ATMAt-the-market
C&ICommercial and Industrial
CCRCoal combustion residuals
CCR RuleFinal rule (40 CFR 257.50 - 257.107) published by EPA regulating the management, storage and disposal of CCRs as a nonhazardous waste
CDDCooling degree-days
CEOChief executive officer
CERCLAComprehensive Environmental Response, Compensation, and Liability Act
CFOChief financial officer
CORECORE Electric Cooperative
CSPVCrystalline Silicon Photovoltaic
DRIPDividend Reinvestment and Stock Purchase Program
EPSEarnings per share
ETREffective tax rate
FTRFinancial transmission right
FTYFuture test year
GAAPUnited States generally accepted accounting principles
GEGeneral Electric Company
HDDHeating degree-days
IPPIndependent power producing entity
IRAInflation Reduction Act
LDCLocal distribution company
LLCLimited liability company
LP&LLubbock Power and Light
MGPManufactured gas plant
MISOMidcontinent Independent System Operator, Inc.
NAVNet asset value
NMLCGNew Mexico Large Customer Group
NOPRNotice of Proposed Rulemaking
NOxNitrogen Oxides
O&MOperating and maintenance
OATTOpen Access Transmission Tariff
OPLOccidental Permian Ltd.
PFASPer- and Polyfluroroalkyl Substances
PIMPerformance Incentive Mechanism
PPAPower purchase agreement
PTCProduction tax credit
RFPRequest for proposal
ROEReturn on equity
RTORegional Transmission Organization
SMMPASouthern Minnesota Municipal Power Agency
SPPSouthwest Power Pool, Inc.
TCATransmission cost adjustment
THITemperature-humidity index
TOsTransmission owners
VaRValue at Risk
Measurements
MWMegawatts

3


Forward-Looking Statements
Except for the historical statements contained in this report, the matters discussed herein are forward-looking statements that are subject to certain risks, uncertainties and assumptions. Such forward-looking statements, including those relating to 2023 EPS guidance, long-term EPS and dividend growth rate objectives, future sales, future expenses, future tax rates, future operating performance, estimated base capital expenditures and financing plans, projected capital additions and forecasted annual revenue requirements with respect to rider filings, expected rate increases to customers, expectations and intentions regarding regulatory proceedings, and expected impact on our results of operations, financial condition and cash flows of resettlement calculations and credit losses relating to certain energy transactions, as well as assumptions and other statements are intended to be identified in this document by the words “anticipate,” “believe,” “could,” “estimate,” “expect,” “intend,” “may,” “objective,” “outlook,” “plan,” “project,” “possible,” “potential,” “should,” “will,” “would” and similar expressions. Actual results may vary materially. Forward-looking statements speak only as of the date they are made, and we expressly disclaim any obligation to update any forward-looking information. The following factors, in addition to those discussed elsewhere in Xcel Energy’s Annual Report on Form 10-K for the fiscal year ended Dec. 31, 2022 and subsequent filings with the SEC, could cause actual results to differ materially from management expectations as suggested by such forward-looking information: operational safety, including our nuclear generation facilities and other utility operations; successful long-term operational planning; commodity risks associated with energy markets and production; rising energy prices and fuel costs; qualified employee work force and third-party contractor factors; violations of our Codes of Conduct; our ability to recover costs and our subsidiaries’ ability to recover costs from customers; changes in regulation; reductions in our credit ratings and the cost of maintaining certain contractual relationships; general economic conditions, including recessionary conditions, inflation rates, monetary fluctuations, supply chain constraints and their impact on capital expenditures and/or the ability of Xcel Energy Inc. and its subsidiaries to obtain financing on favorable terms; availability or cost of capital; our customers’ and counterparties’ ability to pay their debts to us; assumptions and costs relating to funding our employee benefit plans and health care benefits; our subsidiaries’ ability to make dividend payments; tax laws; uncertainty regarding epidemics, the duration and magnitude of business restrictions including shutdowns (domestically and globally), the potential impact on the workforce, including shortages of employees or third-party contractors due to quarantine policies, vaccination requirements or government restrictions, impacts on the transportation of goods and the generalized impact on the economy; effects of geopolitical events, including war and acts of terrorism; cyber security threats and data security breaches; seasonal weather patterns; changes in environmental laws and regulations; climate change and other weather events; natural disaster and resource depletion, including compliance with any accompanying legislative and regulatory changes; costs of potential regulatory penalties; regulatory changes and/or limitations related to the use of natural gas as an energy source; challenging labor market conditions and our ability to attract and retain a qualified workforce; and our ability to execute on our strategies or achieve expectations related to environmental, social and governance matters including as a result of evolving legal, regulatory and other standards, processes, and assumptions, the pace of scientific and technological developments, increased costs, the availability of requisite financing, and changes in carbon markets.
4

Table of Contents

PART I FINANCIAL INFORMATION
ITEM 1 FINANCIAL STATEMENTS

XCEL ENERGY INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED)
(amounts in millions, except per share data)
Three Months Ended March 31
20232022
Operating revenues
Electric$2,763 $2,633 
Natural gas1,288 1,090 
Other29 28 
Total operating revenues4,080 3,751 
Operating expenses
Electric fuel and purchased power1,117 1,094 
Cost of natural gas sold and transported844 710 
Cost of sales — other12 10 
Operating and maintenance expenses650 602 
Conservation and demand side management expenses76 92 
Depreciation and amortization624 562 
Taxes (other than income taxes)184 171 
Total operating expenses3,507 3,241 
Operating income573 510 
Other income, net5 1 
Earnings from equity method investments11 15 
Allowance for funds used during construction — equity19 13 
Interest charges and financing costs
Interest charges — includes other financing costs of $8
253 214 
Allowance for funds used during construction — debt(10)(5)
Total interest charges and financing costs243 209 
Income before income taxes365 330 
Income tax benefit(53)(50)
Net income$418 $380 
Weighted average common shares outstanding:
Basic551 545 
Diluted551 545 
Earnings per average common share:
Basic$0.76 $0.70 
Diluted0.76 0.70 
See Notes to Consolidated Financial Statements

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XCEL ENERGY INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (UNAUDITED)
(amounts in millions)
Three Months Ended March 31
20232022
Net income$418 $380 
Other comprehensive income
Pension and retiree medical benefits:
Reclassifications of loss to net income, net of tax of $ and $1, respectively
 1 
Derivative instruments:
Net fair value (decrease) increase, net of tax of $(2) and $1, respectively
(5)5 
Reclassification of losses to net income, net of tax of $ and $1, respectively
1 1 
Total other comprehensive (loss) income(4)7 
Total comprehensive income$414 $387 
See Notes to Consolidated Financial Statements



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XCEL ENERGY INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)
(amounts in millions)
 Three Months Ended March 31
 20232022
Operating activities
Net income$418 $380 
Adjustments to reconcile net income to cash provided by operating activities:
Depreciation and amortization631 567 
Nuclear fuel amortization29 30 
Deferred income taxes(73)(55)
Allowance for equity funds used during construction(19)(13)
Earnings from equity method investments(11)(15)
Dividends from equity method investments9 10 
Provision for bad debts23 17 
Share-based compensation expense9 4 
Changes in operating assets and liabilities:
Accounts receivable50 (191)
Accrued unbilled revenues329 146 
Inventories189 107 
Other current assets8 (10)
Accounts payable(359)(34)
Net regulatory assets and liabilities345 215 
Other current liabilities63 51 
Pension and other employee benefit obligations(45)(31)
Other, net(59)(38)
Net cash provided by operating activities1,537 1,140 
Investing activities
Capital/construction expenditures(1,265)(942)
Purchase of investment securities(236)(156)
Proceeds from the sale of investment securities228 147 
Other, net(11)(1)
Net cash used in investing activities(1,284)(952)
Financing activities
Proceeds from (repayments of) short-term borrowings, net266 (9)
Repayments of long-term debt, including reacquisition premiums(250) 
Proceeds from issuance of common stock6 1 
Dividends paid(259)(240)
Other, net(13)(16)
Net cash used in financing activities(250)(264)
Net change in cash, cash equivalents and restricted cash3 (76)
Cash, cash equivalents and restricted cash at beginning of period111 166 
Cash, cash equivalents and restricted cash at end of period$114 $90 
Supplemental disclosure of cash flow information:
Cash paid for interest (net of amounts capitalized)$(209)$(202)
Cash paid for income taxes, net(1) 
Supplemental disclosure of non-cash investing and financing transactions:
Accrued property, plant and equipment additions$449 $288 
Inventory transfers to property, plant and equipment34 20 
Operating lease right-of-use assets47 8 
Allowance for equity funds used during construction19 13 
Issuance of common stock for reinvested dividends and/or equity awards21 11 
See Notes to Consolidated Financial Statements
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XCEL ENERGY INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS (UNAUDITED)
(amounts in millions, except share and per share data)
March 31, 2023Dec. 31, 2022
Assets
Current assets
Cash and cash equivalents$114 $111 
Accounts receivable, net1,300 1,373 
Accrued unbilled revenues777 1,105 
Inventories580 803 
Regulatory assets983 1,059 
Derivative instruments97 279 
Prepaid taxes43 54 
Prepayments and other359 360 
Total current assets4,253 5,144 
Property, plant and equipment, net48,896 48,253 
Other assets
Nuclear decommissioning fund and other investments3,373 3,234 
Regulatory assets2,657 2,871 
Derivative instruments97 93 
Operating lease right-of-use assets1,194 1,204 
Other475 389 
Total other assets7,796 7,791 
Total assets$60,945 $61,188 
Liabilities and Equity
Current liabilities
Current portion of long-term debt$901 $1,151 
Short-term debt1,079 813 
Accounts payable1,338 1,804 
Regulatory liabilities358 418 
Taxes accrued682 569 
Accrued interest242 217 
Dividends payable286 268 
Derivative instruments62 76 
Operating lease liabilities224 217 
Other489 545 
Total current liabilities5,661 6,078 
Deferred credits and other liabilities
Deferred income taxes4,729 4,756 
Deferred investment tax credits47 48 
Regulatory liabilities5,640 5,569 
Asset retirement obligations3,423 3,380 
Derivative instruments116 113 
Customer advances180 181 
Pension and employee benefit obligations345 390 
Operating lease liabilities1,020 1,038 
Other148 147 
Total deferred credits and other liabilities15,648 15,622 
Commitments and contingencies
Capitalization
Long-term debt22,818 22,813 
Common stock — 1,000,000,000 shares authorized of $2.50 par value; 550,222,192 and 549,578,018 shares outstanding at March 31, 2023 and December 31, 2022, respectively
1,376 1,374 
Additional paid in capital8,169 8,155 
Retained earnings7,370 7,239 
Accumulated other comprehensive loss(97)(93)
Total common stockholders’ equity16,818 16,675 
Total liabilities and equity$60,945 $61,188 
See Notes to Consolidated Financial Statements
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XCEL ENERGY INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF COMMON STOCKHOLDERS’ EQUITY (UNAUDITED)
(amounts in millions, except per share data; shares in actual amounts)
Common Stock IssuedRetained EarningsAccumulated Other Comprehensive LossTotal Common Stockholders' Equity
SharesPar ValueAdditional Paid
In Capital
Three Months Ended March 31, 2023 and 2022      
Balance at Dec. 31, 2021544,025,269 $1,360 $7,803 $6,572 $(123)$15,612 
Net income380 380 
Other comprehensive loss7 7 
Dividends declared on common stock ($0.4875 per share)
(265)(265)
Issuances of common stock505,718 1 11 12 
Share-based compensation(13)(1)(14)
Balance at March 31, 2022544,530,987 $1,361 $7,801 $6,686 $(116)$15,732 
Balance at Dec. 31, 2022549,578,018 $1,374 $8,155 $7,239 $(93)$16,675 
Net income418 418 
Other comprehensive income(4)(4)
Dividends declared on common stock ($0.52 per share)
(286)(286)
Issuances of common stock644,174 2 16 18 
Share-based compensation(2)(1)(3)
Balance at March 31, 2023550,222,192 $1,376 $8,169 $7,370 $(97)$16,818 
See Notes to Consolidated Financial Statements

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XCEL ENERGY INC. AND SUBSIDIARIES
Notes to Consolidated Financial Statements (UNAUDITED)
In the opinion of management, the accompanying unaudited consolidated financial statements contain all adjustments necessary to present fairly, in accordance with GAAP, the financial position of Xcel Energy as of March 31, 2023 and Dec. 31, 2022; the results of Xcel Energy’s operations, including the components of net income, comprehensive income, and changes in stockholders’ equity for the three months ended March 31, 2023 and 2022; and Xcel Energy’s cash flows for the three months ended March 31, 2023 and 2022.
All adjustments are of a normal, recurring nature, except as otherwise disclosed. Management has also evaluated the impact of events occurring after March 31, 2023, up to the date of issuance of these consolidated financial statements. These statements contain all necessary adjustments and disclosures resulting from that evaluation. The Dec. 31, 2022 balance sheet information has been derived from the audited 2022 consolidated financial statements included in the Xcel Energy Inc. Annual Report on Form 10-K for the year ended Dec. 31, 2022.
Notes to the consolidated financial statements have been prepared pursuant to the rules and regulations of the SEC for Quarterly Reports on Form 10-Q. Certain information and note disclosures normally included in financial statements prepared in accordance with GAAP on an annual basis have been condensed or omitted pursuant to such rules and regulations. For further information, refer to the consolidated financial statements and notes thereto included in the Xcel Energy Inc. Annual Report on Form 10-K for the year ended Dec. 31, 2022, filed with the SEC on Feb. 23, 2023.
Due to the seasonality of Xcel Energy’s electric and natural gas sales, interim results are not necessarily an appropriate base from which to project annual results.
1. Summary of Significant Accounting Policies
The significant accounting policies set forth in Note 1 to the consolidated financial statements in the Xcel Energy Inc. Annual Report on Form 10-K for the year ended Dec. 31, 2022 appropriately represent, in all material respects, the current status of accounting policies and are incorporated herein by reference.
2. Accounting Pronouncements
As of March 31, 2023, there was no material impact from the recent adoption of new accounting pronouncements, nor expected material impact from recently issued accounting pronouncements yet to be adopted, on Xcel Energy’s consolidated financial statements.
3. Selected Balance Sheet Data
(Millions of Dollars)March 31, 2023Dec. 31, 2022
Accounts receivable, net
Accounts receivable$1,426 $1,495 
Less allowance for bad debts(126)(122)
Accounts receivable, net$1,300 $1,373 

(Millions of Dollars)March 31, 2023Dec. 31, 2022
Inventories
Materials and supplies$340 $330 
Fuel169 201 
Natural gas71 272 
Total inventories$580 $803 
(Millions of Dollars)March 31, 2023Dec. 31, 2022
Property, plant and equipment, net
Electric plant$50,227 $49,639 
Natural gas plant8,612 8,514 
Common and other property3,001 2,970 
Plant to be retired (a)
2,180 2,217 
Construction work in progress2,224 2,124 
Total property, plant and equipment66,244 65,464 
Less accumulated depreciation(17,694)(17,502)
Nuclear fuel3,266 3,183 
Less accumulated amortization(2,920)(2,892)
Property, plant and equipment, net$48,896 $48,253 
(a)Amounts include Sherco Units 1, 2 and 3 and A.S. King for NSP-Minnesota; Comanche Units 2 and 3, Craig Units 1 and 2, Hayden Units 1 and 2 and coal generation assets at Pawnee pending facility gas conversion for PSCo; and Tolk and coal generation assets at Harrington pending facility gas conversion for SPS. Amounts are presented net of accumulated depreciation.
4. Borrowings and Other Financing Instruments
Short-Term Borrowings
Short-Term Debt Xcel Energy Inc. and its utility subsidiaries meet their short-term liquidity requirements primarily through the issuance of commercial paper and borrowings under their credit facilities and term loan agreements.
Commercial paper and term loan borrowings outstanding for Xcel Energy:
(Amounts in Millions, Except Interest Rates)Three Months Ended March 31, 2023Year Ended Dec. 31, 2022
Borrowing limit$3,550 $3,550 
Amount outstanding at period end1,079 813 
Average amount outstanding928 552 
Maximum amount outstanding1,241 1,357 
Weighted average interest rate, computed on a daily basis4.85 %1.47 %
Weighted average interest rate at period end5.23 4.66 
Letters of Credit — Xcel Energy Inc. and its utility subsidiaries use letters of credit, generally with terms of one year, to provide financial guarantees for certain obligations. There were $43 million of letters of credit outstanding under the credit facilities at both March 31, 2023 and Dec. 31, 2022. Amounts approximate their fair value and are subject to fees.
Revolving Credit Facilities — In order to issue commercial paper, Xcel Energy Inc. and its utility subsidiaries must have revolving credit facilities equal or greater than the commercial paper borrowing limits and cannot issue commercial paper exceeding available credit facility capacity. The lines of credit provide short-term financing in the form of notes payable to banks, letters of credit and back-up support for commercial paper borrowings.
As of March 31, 2023, Xcel Energy Inc. and its utility subsidiaries had the following committed revolving credit facilities available:
(Millions of Dollars)
Credit Facility (a)
Drawn (b)
Available
Xcel Energy Inc.$1,500 $510 $990 
PSCo700 385 315 
NSP-Minnesota700 135 565 
SPS500 80 420 
NSP-Wisconsin150 12 138 
Total$3,550 $1,122 $2,428 
(a)Expires in September 2027.
(b)Includes outstanding commercial paper and letters of credit.
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Xcel Energy Inc., NSP-Minnesota, PSCo, and SPS each have the right to request an extension of the credit facility termination date for two additional one-year periods. NSP-Wisconsin has the right to request an extension of the credit facility termination date for an additional one-year period. All extension requests are subject to majority bank group approval.
All credit facility bank borrowings, outstanding letters of credit and outstanding commercial paper reduce the available capacity of the credit facility. Xcel Energy Inc. and its utility subsidiaries had no direct advances on the credit facilities outstanding as of March 31, 2023 and Dec. 31, 2022.
Bilateral Credit Agreement
In April 2023, NSP-Minnesota’s uncommitted bilateral credit agreement was renewed for an additional one-year term. The credit agreement is limited in use to support letters of credit.
As of March 31, 2023, NSP-Minnesota had $53 million of outstanding letters of credit under the $75 million bilateral credit agreement.
Long-Term Borrowings and Other Financing Instruments
On April 3, 2023, PSCo issued $850 million of 5.25% first mortgage bonds due April 1, 2053.
On April 21, 2023, NSP-Wisconsin priced a private placement of $125 million of 5.30% first mortgage bonds due June 15, 2053. The closing of the sale of the bonds is subject to execution of a bond purchase agreement and customary closing conditions and is expected to occur in June 2023.
ATM Equity Offering — In November 2021, Xcel Energy Inc. filed a prospectus supplement under which it may sell up to $800 million of its common stock through an ATM program. In 2021, 5.33 million shares were issued (approximately $350 million). In 2022, 4.30 million shares of common stock were issued (approximately $300 million). As of March 31, 2023, approximately $150 million remained available for sale under the ATM program.
Other Equity Xcel Energy Inc. issued $15 million and $10 million of equity through the DRIP during the three months ended March 31, 2023 and 2022, respectively. The program allows shareholders to reinvest their dividends directly in Xcel Energy Inc. common stock.
5. Revenues
Revenue is classified by the type of goods/services rendered and market/customer type. Xcel Energy’s operating revenues consisted of the following:
Three Months Ended March 31, 2023
(Millions of Dollars)ElectricNatural GasAll OtherTotal
Major revenue types
Revenue from contracts with customers:
Residential$875 $789 $13 $1,677 
C&I1,352 423 12 1,787 
Other36  1 37 
Total retail2,263 1,212 26 3,501 
Wholesale224   224 
Transmission163   163 
Other9 48  57 
Total revenue from contracts with customers2,659 1,260 26 3,945 
Alternative revenue and other104 28 3 135 
Total revenues$2,763 $1,288 $29 $4,080 
Three Months Ended March 31, 2022
(Millions of Dollars)ElectricNatural GasAll OtherTotal
Major revenue types
Revenue from contracts with customers:
Residential$817 $663 $9 $1,489 
C&I1,235 356 2 1,593 
Other32  14 46 
Total retail2,084 1,019 25 3,128 
Wholesale259   259 
Transmission152   152 
Other23 45  68 
Total revenue from contracts with customers2,518 1,064 25 3,607 
Alternative revenue and other115 26 3 144 
Total revenues$2,633 $1,090 $28 $3,751