Xcel peak demand down from 2023

February 27th, 2025

Xcel Energy’s 2024 SEC 10-K has been released.

Xcel Energy’s peak demand has yet to meet the demand of 2006 — which was 18 years prior. And this is following that 2006 CapX 2020 claim that demand would rise 2.49% annually. Really!

From page 12 of the SEC 10-K filing, cutting to the chase, the peak was 8,822MW, down about 400MW from the 9,321MW of 2023:

Here’s the Xcel‘s 2024 SEC 10-K:

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