v3.26.1
Commitment and Contingencies (Tables)
 6 Months Ended
Jun. 30, 2026
Commitments and Contingencies Disclosure [Abstract]  
Finance Lease, Liability, Fiscal Year Maturity
Commitments under operating and finance leases as of June 30, 2026:
(Millions of Dollars)PPA Operating
Leases		Other Operating
Leases		Total Operating
Leases
Finance
 Leases (a)
Total minimum obligation$572 $669 $1,241 $2,192 
Interest component of obligation(80)(295)(375)(864)
Present value of minimum obligation$492 $374 866 1,328 
Less current portion(107)(40)
Noncurrent operating and finance lease liabilities$759 $1,288 
(a)Excludes certain amounts related to PSCo’s lease obligations given Xcel Energy’s 50% ownership interest in WYCO.
Lease, Cost
Components of lease expense:
Three Months Ended June 30
(Millions of Dollars)20262025
Operating leases
PPA capacity payments$31 $54 
Other operating leases (a)
5 10 
Total operating lease expense$36 $64 
Finance leases
Amortization of ROU assets$10 $1 
Interest expense on lease liability25 3 
Total finance lease expense$35 $4 

Six Months Ended June 30
(Millions of Dollars)20262025
Operating leases
PPA capacity payments$60 $111 
Other operating leases (a)
18 23 
Total operating lease expense$78 $134 
Finance leases
Amortization of ROU assets$20 $2 
Interest expense on lease liability47 7 
Total finance lease expense$67 $9 
(a)Includes immaterial short-term lease expense.