Borrowings and Other Financing Instruments (Tables)

3 Months Ended

Mar. 31, 2020

Debt Disclosure [Abstract]

Commercial paper and term loan borrowings

Commercial paper and term loan borrowings outstanding for Xcel Energy were as follows:

(Amounts in Millions, Except Interest Rates)	Three Months Ended March 31, 2020			Year Ended    Dec. 31, 2019
Borrowing limit	$	4,300		$	3,600
Amount outstanding at period end	1,765			595
Average amount outstanding	1,404			1,115
Maximum amount outstanding	2,080			1,780
Weighted average interest rate, computed on a daily basis	2.05		%	2.72		%
Weighted average interest rate at period end	1.96			2.34

In March 2020, Xcel Energy Inc. entered into a $700 million, 364-Day Term Loan Agreement. The loan is unsecured and matures March 22, 2021. Xcel Energy has an option to request an extension through March 21, 2022. The term loan includes one financial covenant, requiring Xcel Energy’s consolidated funded debt to total capitalization ratio to be less than or equal to 65 percent. Interest is at a rate equal to either the Eurodollar rate, plus 60.0 basis points, or an alternate base rate.

As of March 31, 2020, Xcel Energy Inc.’s term loan borrowings were as follows:

(Millions of Dollars)	Limit		Amount Used		Available
Xcel Energy Inc.	$	1,200	$	1,200	$	—

Credit Facilities

As of March 31, 2020, Xcel Energy Inc. and its utility subsidiaries had the following committed revolving credit facilities available:

(Millions of Dollars)	Credit Facility (a)		Outstanding (b)		Available
Xcel Energy Inc.	$	1,250	$	449	$	801
PSCo	700		8		692
NSP-Minnesota	500		10		490
SPS	500		42		458
NSP-Wisconsin	150		76		74
Total	$	3,100	$	585	$	2,515

^(a)  Expires in June 2024.

^(b) 

Includes outstanding commercial paper and letters of credit.

As of March 31, 2020, NSP-Minnesota’s outstanding letters of credit under the Bilateral Credit Agreement were as follows:

(Millions of Dollars)	Limit		Amount Outstanding		Available
NSP-Minnesota	$	75	$	26	$	49