# Who does Xcel Energy pay? Who are its key suppliers?
Canonical: https://valuechain.wiki/xcel-energy · Facet: suppliers · Updated: 2026-09-11T23:08:54.180886+00:00 · Source: ValueChain.wiki (cited money-flow graph)

**Citable summary**: Xcel Energy's confirmed suppliers/cost counterparties include NextEra Energy, GE Vernova. Per the valuechain.wiki graph: 2 cost edges, backed by 2 dated sources, 1 of them primary filings (as of 2026-09-11).

### NextEra Energy (high)  → /nextera-energy.md
- metric: Amount 99.3 USD_million_per_year (est.) · 2028 first full operating year · Estimated annual company-wide cost of six NextEra Energy battery-storage PPAs
- note: Xcel Energy's SPS sought approval for six battery-storage power purchase agreements with NextEra Energy. The agreements were expected to cost the company about $99.3 million annually in the first full operating year.
- [confirms] Xcel Energy filing with the Public Utility Commission of Texas (EN, filing, published 2025-12-09) https://www.xcelenergy.com/company/rates_and_regulations/filings/texas_ppa: "The agreements are expected to cost about $99.3 million per year for the entire company in 2028."

### GE Vernova (mid)  → /ge-vernova.md
- metric: Count 5 gas_turbines · 2026 strategic alliance reservation agreement · Number of GE Vernova F-class gas turbines reserved for purchase
- note: Xcel Energy signed a reservation agreement to purchase GE Vernova F-class gas turbines and also reserved wind-turbine capacity for future projects. The disclosed order covers five gas turbines, while pricing was not disclosed.
- [confirms] Xcel Energy Newsroom (EN, ir, published 2026-02-03) https://newsroom.xcelenergy.com/news/xcel-energy-and-ge-vernova-announce-strategic-alliance-agreement-to-advance-the-future-of-energy: "Xcel Energy executed a Reservation Agreement for the purchase of five, F-class gas turbines."

### Sherco Solar (mid)
- metric: Amount 1.1 USD_billion (est.) · Sherco Solar three-phase project · Total clean-energy infrastructure investment in Sherco Solar
- note: Xcel Energy developed the large Sherco Solar facility in Minnesota in phases for direct ownership and operation. The company described the project as an approximately $1.1 billion clean-energy infrastructure investment.
- [mentions] DS Investment & Securities (KO, research, published 2025-02-05) https://stock.pstatic.net/stock-research/invest/66/20250205_invest_909112000.pdf: "The February 2025 estimate put Xcel Energy's 2025 capital-expenditure growth at 44.0%."
- [confirms] Xcel Energy Newsroom (EN, ir, published 2024-11-19) https://newsroom.xcelenergy.com/news/xcel-energy-s-sherco-solar-starts-producing-carbon-free-electricity-for-customer-MCFEK7MJWN2NDZPPDEPVXFDN6AWY: "The project represents an investment of about $1.1 billion in clean energy infrastructure."

Reverse side: https://valuechain.wiki/xcel-energy/customers.md · Ripple: https://valuechain.wiki/xcel-energy/ripple.md

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