Commitment and Contingencies (Tables)

3 Months Ended

9 Months Ended

Sep. 30, 2022

Sep. 30, 2022

Commitments and Contingencies Disclosure [Abstract]

Finance Lease, Liability, Fiscal Year Maturity

Commitments under operating and finance leases as of Sept. 30, 2022:

(Millions of Dollars)	PPA Operating Leases		Other Operating Leases		Total Operating Leases		Finance  Leases (a)
Total minimum obligation	$	1,246	$	166	$	1,412	$	239
Interest component of obligation	(174)		(30)		(204)		(169)
Present value of minimum obligation	$	1,072	136		1,208		70
Less current portion					(211)		(4)
Noncurrent operating and finance lease liabilities					$	997	$	66

(a)Excludes certain amounts related to Xcel Energy’s 50% ownership interest in WYCO.

Lease, Cost

Components of lease expense:

	Three Months Ended Sept. 30
(Millions of Dollars)	2022		2021
Operating leases
PPA capacity payments	$	59	$	56
Other operating leases (a)	8		2
Total operating lease expense (b)	$	67	$	58
Finance leases
Amortization of ROU assets	$	1	$	2
Interest expense on lease liability	4		4
Total finance lease expense	$	5	$	6

(a)Includes short-term lease expense of $1 million for 2022 and 2021.

(b)PPA capacity payments are included in electric fuel and purchased power on the consolidated statements of income. Expense for other operating leases is included in O&M expense and electric fuel and purchased power.

	Nine Months Ended Sept. 30
(Millions of Dollars)	2022		2021
Operating leases
PPA capacity payments	$	182	$	170
Other operating leases (a)	28		19
Total operating lease expense (b)	$	210	$	189
Finance leases
Amortization of ROU assets	$	3	$	6
Interest expense on lease liability	12		12
Total finance lease expense	$	15	$	18

(a)Includes short-term lease expense of $4 million for 2022 and 2021.

(b)PPA capacity payments are included in electric fuel and purchased power on the consolidated statements of income. Expense for other operating leases is included in O&M expense and electric fuel and purchased power.