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Benefit Plans and Other Postretirement Benefits
 9 Months Ended
Sep. 30, 2024
Retirement Benefits [Abstract]  
Benefit Plans and Other Postretirement Benefits
Components of Net Periodic Benefit Cost
Three Months Ended Sept. 30
20242023
(Millions of Dollars)Pension Benefits
Service cost$1 $2 
Interest cost (a)
6 5 
Expected return on plan assets (a)
(9)(8)
Amortization of net loss (a)
1 — 
Net periodic benefit credit(1)(1)
Effects of regulation— 1 
Net benefit credit recognized for financial reporting$(1)$— 
Nine Months Ended Sept. 30
2024202320242023
(Millions of Dollars)Pension BenefitsPostretirement Health
Care Benefits
Service cost$5 $5 $— $— 
Interest cost (a)
17 17 1 1 
Expected return on plan assets (a)
(25)(24)(1)(1)
Amortization of net loss (a)
2 1 — — 
Net periodic benefit cost (1)(1)— — 
Effects of regulation(1)3 — — 
Net benefit credit recognized for financial reporting$(2)$2 $— $— 
(a)The components of net periodic cost other than the service cost component are included in the line item “Other income (expense), net” in the statements of income or capitalized on the balance sheets as a regulatory asset.
In January 2024, contributions totaling $100 million were made across Xcel Energy’s pension plans, $3 million of which was attributable to SPS. Xcel Energy does not expect additional pension contributions during 2024.