v3.26.1
Benefit Plans and Other Postretirement Benefits (Tables)
 6 Months Ended
Jun. 30, 2026
Retirement Benefits [Abstract]  
Components of Net Periodic Benefit Cost (Credit)
Components of Net Periodic Benefit Cost
Three Months Ended June 30
2026202520262025
(Millions of Dollars)Pension BenefitsPostretirement Health
Care Benefits
Service cost$2 $2 $— $— 
Interest cost (a)
5 6 1 — 
Expected return on plan assets (a)
(7)(8)(1)(1)
Amortization of net loss (a)
1 1 — — 
Net periodic benefit cost1 1 — (1)
Effects of regulation— 1 — — 
Net benefit cost recognized for financial reporting$1 $2 $— $(1)
Six Months Ended June 30
2026202520262025
(Millions of Dollars)Pension BenefitsPostretirement Health
Care Benefits
Service cost$4 $4 $— $— 
Interest cost (a)
11 12 1 — 
Expected return on plan assets (a)
(15)(16)(1)(1)
Amortization of net loss (a)
3 1 — — 
Net periodic benefit cost3 1 — (1)
Effects of regulation— 1 — — 
Net benefit cost recognized for financial reporting$3 $2 $— $(1)
(a)The components of net periodic cost other than the service cost component are included in the line item “Other income, net” in the statements of income or capitalized on the balance sheets as a regulatory asset.
In January 2026, contributions totaling $75 million were made across Xcel Energy’s pension plans, $2 million of which was attributable to SPS. Xcel Energy does not expect additional pension contributions during 2026.