Contribution to Economic Development

We are connected to the communities we serve through active and ongoing investment in their infrastructures and through our supply chain spending practices. We contributed more than $1.8 million directly to chambers of commerce and economic development organizations in communities across our service territory in 2011.

Learn more about our support of economic development in the communities we serve.

Supply Chain Spending

Suppliers play an important role in our ability to grow and operate effectively, and the money we spend through our supply chain adds to the overall prosperity of our communities and beyond. In 2011, we spent nearly $3 billion with suppliers. Of that amount, 56 percent was spent with locally based suppliers.

We do not set specific targets for local spending; however, much of our spending occurs naturally on the local level as we build relationships within our communities. In many circumstances, necessary materials and services cannot be obtained locally or it is not feasible to do so given our primary considerations of cost, quality, fairness, risk level, time constraints and legal/regulatory requirements.

2011 Supply Chain Spending
Total spend
Colorado $739,332,328
Minnesota $552,916,863
North Dakota $7,774,848
South Dakota $4,210,196
Wisconsin $121,583,160
Michigan $26,318,210
Texas $199,820,222
New Mexico $13,621,954
Out of Territory $1,328,838,624
Total $2,994,416,405

Supplier Diversity Program

Our corporate policies underscore our commitment to supplier diversity by recognizing that it is in our best interest to encourage a broad base of supplier relationships. Using diverse suppliers contributes to the economic growth and expansion of the communities we serve. Our policy is to offer these businesses the opportunity to compete in our procurement for products and services. We develop and strengthen business relationships with diverse suppliers by:

In 2011, we spent $248 million with diverse suppliers, directly and indirectly.

  Dollars spent % of total purchases
2011 $248.0 million 8.3%
2010 $208.9 million 7.1%
2009 $153.1 million 6.9%
2008 $180.8 million 7.2%

Learn more about our supplier diversity program.

In 2011, we received the following awards for our supplier diversity program:

Franchise Fees

In 2011, we distributed nearly $160 million in franchise fees to the communities where we operate. Xcel Energy collects franchise fees through customers and distributes them to cities as part of the franchise agreements that we negotiate for the right to place energy facilities in the public right of way.

Upper Midwest
$59,360,178
Colorado
$82,470,390
Texas/New Mexico
$17,964,408
Total
$159,794,976

Community Support »

About the Report

We published our first corporate responsibility report (formerly known as the Triple Bottom Line report) in April 2005, with the contents covering the 2004 calendar year, and we have published a similar report in each following year. Our report is based on Global Reporting Initiative (GRI) G3 Sustainability Reporting Guidelines, the most widely used sustainability reporting framework in the world. Additionally, we incorporate the GRI's Electric Utilities Sector Supplement indicators wherever possible.

Read more

Details

About the Report