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Interest Rate Derivatives (Details) - USD ($)
$ in Millions
Jun. 30, 2024
Dec. 31, 2023
Derivative [Line Items]    
Derivative Asset, Current $ 234 $ 104
Derivative Asset, Current, Statement of Financial Position [Extensible Enumeration] Assets, Current Assets, Current
Derivative Asset, Noncurrent, Statement of Financial Position [Extensible Enumeration] Other Assets, Noncurrent Other Assets, Noncurrent
Derivative Liability, Noncurrent $ 91 $ 86
Derivative Liability, Current 44 74
Fair Value, Measured on a Recurring Basis    
Derivative [Line Items]    
Derivative Asset, Current 232 101
Derivative Asset, Noncurrent 84 76
Derivative Liability, Gross 93 133
Netting [1] (56) (67)
Derivative Liability, Noncurrent 72 64
Derivative Liability, Current 37 66
Fair Value, Measured on a Recurring Basis | Other Current Assets    
Derivative [Line Items]    
Derivative Asset, Gross 286 167
Netting [1] 54 66
Fair Value, Measured on a Recurring Basis | Other Noncurrent Assets    
Derivative [Line Items]    
Derivative Asset, Gross 120 110
Netting [1] 36 34
Fair Value, Measured on a Recurring Basis | Other Noncurrent Liabilities    
Derivative [Line Items]    
Derivative Liability, Gross 112 103
Netting [1] (40) (39)
Level 1 | Fair Value, Measured on a Recurring Basis    
Derivative [Line Items]    
Derivative Liability, Gross 6 6
Level 1 | Fair Value, Measured on a Recurring Basis | Other Current Assets    
Derivative [Line Items]    
Derivative Asset, Gross 6 8
Level 1 | Fair Value, Measured on a Recurring Basis | Other Noncurrent Assets    
Derivative [Line Items]    
Derivative Asset, Gross 11 14
Level 1 | Fair Value, Measured on a Recurring Basis | Other Noncurrent Liabilities    
Derivative [Line Items]    
Derivative Liability, Gross 14 16
Level 2 | Fair Value, Measured on a Recurring Basis    
Derivative [Line Items]    
Derivative Liability, Gross 78 115
Level 2 | Fair Value, Measured on a Recurring Basis | Other Current Assets    
Derivative [Line Items]    
Derivative Asset, Gross 47 65
Level 2 | Fair Value, Measured on a Recurring Basis | Other Noncurrent Assets    
Derivative [Line Items]    
Derivative Asset, Gross 52 51
Level 2 | Fair Value, Measured on a Recurring Basis | Other Noncurrent Liabilities    
Derivative [Line Items]    
Derivative Liability, Gross 56 50
Level 3 | Fair Value, Measured on a Recurring Basis    
Derivative [Line Items]    
Derivative Liability, Gross 9 12
Level 3 | Fair Value, Measured on a Recurring Basis | Other Current Assets    
Derivative [Line Items]    
Derivative Asset, Gross 233 94
Level 3 | Fair Value, Measured on a Recurring Basis | Other Noncurrent Assets    
Derivative [Line Items]    
Derivative Asset, Gross 57 45
Level 3 | Fair Value, Measured on a Recurring Basis | Other Noncurrent Liabilities    
Derivative [Line Items]    
Derivative Liability, Gross 42 37
Commodity Trading | Fair Value, Measured on a Recurring Basis | Other Derivative Instruments    
Derivative [Line Items]    
Derivative Asset, Current 20 32
Derivative Asset, Noncurrent 84 76
Derivative Liability, Gross 89 97
Netting [1] (53) (60)
Derivative Liability, Noncurrent 72 64
Derivative Liability, Current 36 37
Commodity Trading | Fair Value, Measured on a Recurring Basis | Other Derivative Instruments | Other Current Assets    
Derivative [Line Items]    
Derivative Asset, Gross 71 91
Netting [1] 51 59
Commodity Trading | Fair Value, Measured on a Recurring Basis | Other Derivative Instruments | Other Noncurrent Assets    
Derivative [Line Items]    
Derivative Asset, Gross 120 110
Netting [1] 36 34
Commodity Trading | Fair Value, Measured on a Recurring Basis | Other Derivative Instruments | Other Noncurrent Liabilities    
Derivative [Line Items]    
Derivative Liability, Gross 112 103
Netting [1] (40) (39)
Commodity Trading | Level 1 | Fair Value, Measured on a Recurring Basis | Other Derivative Instruments    
Derivative [Line Items]    
Derivative Liability, Gross 6 6
Commodity Trading | Level 1 | Fair Value, Measured on a Recurring Basis | Other Derivative Instruments | Other Current Assets    
Derivative [Line Items]    
Derivative Asset, Gross 6 8
Commodity Trading | Level 1 | Fair Value, Measured on a Recurring Basis | Other Derivative Instruments | Other Noncurrent Assets    
Derivative [Line Items]    
Derivative Asset, Gross 11 14
Commodity Trading | Level 1 | Fair Value, Measured on a Recurring Basis | Other Derivative Instruments | Other Noncurrent Liabilities    
Derivative [Line Items]    
Derivative Liability, Gross 14 16
Commodity Trading | Level 2 | Fair Value, Measured on a Recurring Basis | Other Derivative Instruments    
Derivative [Line Items]    
Derivative Liability, Gross 77 86
Commodity Trading | Level 2 | Fair Value, Measured on a Recurring Basis | Other Derivative Instruments | Other Current Assets    
Derivative [Line Items]    
Derivative Asset, Gross 43 51
Commodity Trading | Level 2 | Fair Value, Measured on a Recurring Basis | Other Derivative Instruments | Other Noncurrent Assets    
Derivative [Line Items]    
Derivative Asset, Gross 52 51
Commodity Trading | Level 2 | Fair Value, Measured on a Recurring Basis | Other Derivative Instruments | Other Noncurrent Liabilities    
Derivative [Line Items]    
Derivative Liability, Gross 56 50
Commodity Trading | Level 3 | Fair Value, Measured on a Recurring Basis | Other Derivative Instruments    
Derivative [Line Items]    
Derivative Liability, Gross 6 5
Commodity Trading | Level 3 | Fair Value, Measured on a Recurring Basis | Other Derivative Instruments | Other Current Assets    
Derivative [Line Items]    
Derivative Asset, Gross 22 32
Commodity Trading | Level 3 | Fair Value, Measured on a Recurring Basis | Other Derivative Instruments | Other Noncurrent Assets    
Derivative [Line Items]    
Derivative Asset, Gross 57 45
Commodity Trading | Level 3 | Fair Value, Measured on a Recurring Basis | Other Derivative Instruments | Other Noncurrent Liabilities    
Derivative [Line Items]    
Derivative Liability, Gross 42 37
Electric Commodity | Fair Value, Measured on a Recurring Basis | Other Derivative Instruments    
Derivative [Line Items]    
Derivative Asset, Current 208 55
Derivative Liability, Gross 3 7
Netting [1] (3) (7)
Electric Commodity | Fair Value, Measured on a Recurring Basis | Other Derivative Instruments | Other Current Assets    
Derivative [Line Items]    
Derivative Asset, Gross 211 62
Netting [1] 3 7
Electric Commodity | Level 1 | Fair Value, Measured on a Recurring Basis | Other Derivative Instruments    
Derivative [Line Items]    
Derivative Liability, Gross 0 0
Electric Commodity | Level 1 | Fair Value, Measured on a Recurring Basis | Other Derivative Instruments | Other Current Assets    
Derivative [Line Items]    
Derivative Asset, Gross 0 0
Electric Commodity | Level 2 | Fair Value, Measured on a Recurring Basis | Other Derivative Instruments    
Derivative [Line Items]    
Derivative Liability, Gross 0 0
Electric Commodity | Level 2 | Fair Value, Measured on a Recurring Basis | Other Derivative Instruments | Other Current Assets    
Derivative [Line Items]    
Derivative Asset, Gross 0 0
Electric Commodity | Level 3 | Fair Value, Measured on a Recurring Basis | Other Derivative Instruments    
Derivative [Line Items]    
Derivative Liability, Gross 3 7
Electric Commodity | Level 3 | Fair Value, Measured on a Recurring Basis | Other Derivative Instruments | Other Current Assets    
Derivative [Line Items]    
Derivative Asset, Gross 211 62
Interest Rate Swap    
Derivative [Line Items]    
Interest Rate Cash Flow Hedge Gain (Loss) to be Reclassified During Next 12 Months, Net 1  
Derivative Liability, Notional Amount 0  
Interest Rate Swap | Fair Value, Measured on a Recurring Basis | Designated as Hedging Instrument    
Derivative [Line Items]    
Derivative Liability, Current   17
Interest Rate Swap | Fair Value, Measured on a Recurring Basis | Designated as Hedging Instrument | Other Current Liabilities    
Derivative [Line Items]    
Netting [1] 0 0
Interest Rate Swap | Fair Value, Measured on a Recurring Basis | Designated as Hedging Instrument | Other Current Liabilities | Cash Flow Hedges    
Derivative [Line Items]    
Derivative Liability, Gross 0 17
Interest Rate Swap | Level 1 | Fair Value, Measured on a Recurring Basis | Designated as Hedging Instrument | Other Current Liabilities | Cash Flow Hedges    
Derivative [Line Items]    
Derivative Liability, Gross 0 0
Interest Rate Swap | Level 2 | Fair Value, Measured on a Recurring Basis | Designated as Hedging Instrument | Other Current Liabilities | Cash Flow Hedges    
Derivative [Line Items]    
Derivative Liability, Gross 0 17
Interest Rate Swap | Level 3 | Fair Value, Measured on a Recurring Basis | Designated as Hedging Instrument | Other Current Liabilities | Cash Flow Hedges    
Derivative [Line Items]    
Derivative Liability, Gross 0 0
PPAs | Fair Value, Measurements, Nonrecurring    
Derivative [Line Items]    
Derivative Asset, Current [2] 2 3
Derivative Liability, Noncurrent [2] 19 22
Derivative Liability, Current [2] 7 8
Natural Gas Commodity | Fair Value, Measured on a Recurring Basis | Other Derivative Instruments    
Derivative [Line Items]    
Derivative Asset, Current 4 14
Derivative Liability, Gross 1 12
Netting [1] 0 0
Derivative Liability, Current 1 12
Natural Gas Commodity | Fair Value, Measured on a Recurring Basis | Other Derivative Instruments | Other Current Assets    
Derivative [Line Items]    
Derivative Asset, Gross 4 14
Netting [1] 0 0
Natural Gas Commodity | Level 1 | Fair Value, Measured on a Recurring Basis | Other Derivative Instruments    
Derivative [Line Items]    
Derivative Liability, Gross 0 0
Natural Gas Commodity | Level 1 | Fair Value, Measured on a Recurring Basis | Other Derivative Instruments | Other Current Assets    
Derivative [Line Items]    
Derivative Asset, Gross 0 0
Natural Gas Commodity | Level 2 | Fair Value, Measured on a Recurring Basis | Other Derivative Instruments    
Derivative [Line Items]    
Derivative Liability, Gross 1 12
Natural Gas Commodity | Level 2 | Fair Value, Measured on a Recurring Basis | Other Derivative Instruments | Other Current Assets    
Derivative [Line Items]    
Derivative Asset, Gross 4 14
Natural Gas Commodity | Level 3 | Fair Value, Measured on a Recurring Basis | Other Derivative Instruments    
Derivative [Line Items]    
Derivative Liability, Gross 0 0
Natural Gas Commodity | Level 3 | Fair Value, Measured on a Recurring Basis | Other Derivative Instruments | Other Current Assets    
Derivative [Line Items]    
Derivative Asset, Gross $ 0 $ 0
[1] Xcel Energy nets derivative instruments and related collateral on its consolidated balance sheets when supported by a legally enforceable master netting agreement. At June 30, 2024 and Dec. 31, 2023, derivative assets and liabilities include no obligations to return cash collateral. At June 30, 2024 and Dec. 31, 2023, derivative assets and liabilities include rights to reclaim cash collateral of $5 million and $7 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.
[2] 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.