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Qualifying Cash Flow Hedges (Details) - USD ($)
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Financial Impact of Qualifying Cash Flow Hedges on Accumulated Other Comprehensive Income (Loss) [Roll Forward]      
Accumulated other comprehensive loss related to cash flow hedges at Jan. 1 $ (60,000,000) $ (58,000,000) $ (51,000,000)
After-tax net unrealized losses related to derivatives accounted for as hedges (23,000,000) (5,000,000) 0
After-tax net realized losses on derivative transactions reclassified into earnings 3,000,000 3,000,000 3,000,000
Adoption of ASU. 2018-02 (a) [1] 0 0 (10,000,000)
Accumulated other comprehensive loss related to cash flow hedges at Dec. 31 (80,000,000) (60,000,000) (58,000,000)
Impact of Derivative Activity      
Fair Value Hedges, Net 0 0 0
Not Designated as Hedging Instrument      
Impact of Derivative Activity      
Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, before Tax 0 0 0
Derivative Instruments Gain (Loss) Reclassified To Regulatory Assets And Liabilities Net (1,000,000) 11,000,000 (3,000,000)
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net 0 0 0
Pre-tax gains (losses) reclassified into income during the period from regulatory assets and (liabilities) 3,000,000 7,000,000 12,000,000
Derivative, Gain (Loss) on Derivative, Net (5,000,000) 10,000,000 4,000,000
Not Designated as Hedging Instrument | Commodity Trading Contract      
Impact of Derivative Activity      
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net 0 0 0
Pre-tax gains (losses) reclassified into income during the period from regulatory assets and (liabilities) 0 0 0
Derivative, Gain (Loss) on Derivative, Net [2] 2,000,000 14,000,000 10,000,000
Not Designated as Hedging Instrument | Electric Commodity Contract      
Impact of Derivative Activity      
Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, before Tax 0 0 0
Derivative Instruments Gain (Loss) Reclassified To Regulatory Assets And Liabilities Net 8,000,000 1,000,000 10,000,000
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net 0 0 0
Pre-tax gains (losses) reclassified into income during the period from regulatory assets and (liabilities) [3] 5,000,000 1,000,000 15,000,000
Derivative, Gain (Loss) on Derivative, Net 0 0 0
Not Designated as Hedging Instrument | Natural Gas Commodity Contract      
Impact of Derivative Activity      
Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, before Tax 0 0 0
Derivative Instruments Gain (Loss) Reclassified To Regulatory Assets And Liabilities Net 0 10,000,000 (13,000,000)
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net 0 0 0
Pre-tax gains (losses) reclassified into income during the period from regulatory assets and (liabilities) [4] 2,000,000 6,000,000 3,000,000
Derivative, Gain (Loss) on Derivative, Net [4] (7,000,000) (4,000,000) (6,000,000)
Cash Flow Hedges | Designated as Hedging Instrument      
Impact of Derivative Activity      
Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, before Tax (30,000,000) (7,000,000)  
Derivative Instruments Gain (Loss) Reclassified To Regulatory Assets And Liabilities Net 0 0  
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net (4,000,000) (4,000,000) (5,000,000)
Pre-tax gains (losses) reclassified into income during the period from regulatory assets and (liabilities) 0 0 0
Derivative, Gain (Loss) on Derivative, Net 0 0 0
Cash Flow Hedges | Designated as Hedging Instrument | Interest Rate Contract      
Impact of Derivative Activity      
Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, before Tax (30,000,000) (7,000,000)  
Derivative Instruments Gain (Loss) Reclassified To Regulatory Assets And Liabilities Net 0 0  
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net [5] (4,000,000) (4,000,000) (5,000,000)
Pre-tax gains (losses) reclassified into income during the period from regulatory assets and (liabilities) 0 0 0
Derivative, Gain (Loss) on Derivative, Net $ 0 $ 0 $ 0
[1]
In 2017, Xcel Energy implemented ASU No 2018-02 related to TCJA, which resulted in reclassification of certain credit balances within net accumulated other comprehensive loss to retained earnings.
[2]
Amounts recorded to electric operating revenues. Portions of these gains and losses are subject to sharing with electric customers through margin-sharing mechanisms and deducted from gross revenue, as appropriate.
[3] Amounts recorded to electric fuel and purchased power. These derivative settlement gains and losses are shared with electric customers through fuel and purchased energy cost-recovery mechanisms and reclassified out of income as regulatory assets or liabilities, as appropriate
[4] Amounts for the year ended Dec. 31, 2019 included no settlement losses on derivatives entered to mitigate natural gas price risk for electric generation recorded to electric fuel and purchased power, subject to cost-recovery mechanisms and reclassified to a regulatory asset, as appropriate. Such losses and gains for the years ended Dec. 31, 2018 and 2017 were $1 million and immaterial, respectively. Remaining settlement losses for the years ended Dec. 31, 2019, 2018 and 2017 related to natural gas operations and were recorded to cost of natural gas sold and transported. These losses are subject to cost-recovery mechanisms and reclassified out of income to a regulatory asset, as appropriate.
[5]
Amounts recorded to interest charges.