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Interest Rate Derivatives (Details) - USD ($)
$ in Millions
Mar. 31, 2024
Dec. 31, 2023
Derivative [Line Items]    
Derivative Asset, Current $ 86 $ 104
Derivative Asset, Current, Statement of Financial Position [Extensible Enumeration] Assets, Current Assets, Current
Derivative Asset, Noncurrent, Statement of Financial Position [Extensible Enumeration] Other Assets, Noncurrent Other Assets, Noncurrent
Fair Value, Measured on a Recurring Basis    
Derivative [Line Items]    
Derivative Asset, Current $ 84 $ 101
Derivative Asset, Noncurrent 90 76
Other Current Assets | Fair Value, Measured on a Recurring Basis    
Derivative [Line Items]    
Derivative Asset, Gross 138 167
Netting [1] 54 66
Other Current Assets | Level 1 | Fair Value, Measured on a Recurring Basis    
Derivative [Line Items]    
Derivative Asset, Gross 9 8
Other Current Assets | Level 2 | Fair Value, Measured on a Recurring Basis    
Derivative [Line Items]    
Derivative Asset, Gross 45 65
Other Current Assets | Level 3 | Fair Value, Measured on a Recurring Basis    
Derivative [Line Items]    
Derivative Asset, Gross 84 94
Other Noncurrent Assets | Fair Value, Measured on a Recurring Basis    
Derivative [Line Items]    
Derivative Asset, Gross 124 110
Netting [1] 34 34
Other Noncurrent Assets | Level 1 | Fair Value, Measured on a Recurring Basis    
Derivative [Line Items]    
Derivative Asset, Gross 12 14
Other Noncurrent Assets | Level 2 | Fair Value, Measured on a Recurring Basis    
Derivative [Line Items]    
Derivative Asset, Gross 54 51
Other Noncurrent Assets | Level 3 | Fair Value, Measured on a Recurring Basis    
Derivative [Line Items]    
Derivative Asset, Gross 58 45
Commodity Trading | Fair Value, Measured on a Recurring Basis | Other Derivative Instruments    
Derivative [Line Items]    
Derivative Asset, Current 34 32
Derivative Asset, Noncurrent 83 76
Commodity Trading | Other Current Assets | Fair Value, Measured on a Recurring Basis | Other Derivative Instruments    
Derivative [Line Items]    
Derivative Asset, Gross 84 91
Netting [1] 50 59
Commodity Trading | Other Current Assets | Level 1 | Fair Value, Measured on a Recurring Basis | Other Derivative Instruments    
Derivative [Line Items]    
Derivative Asset, Gross 9 8
Commodity Trading | Other Current Assets | Level 2 | Fair Value, Measured on a Recurring Basis | Other Derivative Instruments    
Derivative [Line Items]    
Derivative Asset, Gross 45 51
Commodity Trading | Other Current Assets | Level 3 | Fair Value, Measured on a Recurring Basis | Other Derivative Instruments    
Derivative [Line Items]    
Derivative Asset, Gross 30 32
Commodity Trading | Other Noncurrent Assets | Fair Value, Measured on a Recurring Basis | Other Derivative Instruments    
Derivative [Line Items]    
Derivative Asset, Gross 117 110
Netting [1] 34 34
Commodity Trading | Other Noncurrent Assets | Level 1 | Fair Value, Measured on a Recurring Basis | Other Derivative Instruments    
Derivative [Line Items]    
Derivative Asset, Gross 12 14
Commodity Trading | Other Noncurrent Assets | Level 2 | Fair Value, Measured on a Recurring Basis | Other Derivative Instruments    
Derivative [Line Items]    
Derivative Asset, Gross 54 51
Commodity Trading | Other Noncurrent Assets | Level 3 | Fair Value, Measured on a Recurring Basis | Other Derivative Instruments    
Derivative [Line Items]    
Derivative Asset, Gross 51 45
Electric Commodity | Fair Value, Measured on a Recurring Basis | Other Derivative Instruments    
Derivative [Line Items]    
Derivative Asset, Current 50 55
Derivative Asset, Noncurrent 7 0
Electric Commodity | Other Current Assets | Fair Value, Measured on a Recurring Basis | Other Derivative Instruments    
Derivative [Line Items]    
Derivative Asset, Gross 54 62
Netting [1] 4 7
Electric Commodity | Other Current Assets | Level 1 | Fair Value, Measured on a Recurring Basis | Other Derivative Instruments    
Derivative [Line Items]    
Derivative Asset, Gross 0 0
Electric Commodity | Other Current Assets | Level 2 | Fair Value, Measured on a Recurring Basis | Other Derivative Instruments    
Derivative [Line Items]    
Derivative Asset, Gross 0 0
Electric Commodity | Other Current Assets | Level 3 | Fair Value, Measured on a Recurring Basis | Other Derivative Instruments    
Derivative [Line Items]    
Derivative Asset, Gross 54 62
Electric Commodity | Other Noncurrent Assets | Fair Value, Measured on a Recurring Basis | Other Derivative Instruments    
Derivative [Line Items]    
Derivative Asset, Gross 7 0
Netting 0 0
Electric Commodity | Other Noncurrent Assets | Level 1 | Fair Value, Measured on a Recurring Basis | Other Derivative Instruments    
Derivative [Line Items]    
Derivative Asset, Gross 0 0
Electric Commodity | Other Noncurrent Assets | Level 2 | Fair Value, Measured on a Recurring Basis | Other Derivative Instruments    
Derivative [Line Items]    
Derivative Asset, Gross 0 0
Electric Commodity | Other Noncurrent Assets | Level 3 | Fair Value, Measured on a Recurring Basis | Other Derivative Instruments    
Derivative [Line Items]    
Derivative Asset, Gross 7 0
Interest Rate Swap    
Derivative [Line Items]    
Interest Rate Cash Flow Hedge Gain (Loss) to be Reclassified During Next 12 Months, Net 1  
Derivative Liability, Notional Amount 0  
PPAs | Fair Value, Measurements, Nonrecurring    
Derivative [Line Items]    
Derivative Asset, Current [2] 2 3
Natural Gas Commodity | Fair Value, Measured on a Recurring Basis | Other Derivative Instruments    
Derivative [Line Items]    
Derivative Asset, Current   14
Natural Gas Commodity | Other Current Assets | Fair Value, Measured on a Recurring Basis | Other Derivative Instruments    
Derivative [Line Items]    
Derivative Asset, Gross 0 14
Netting [1] 0 0
Natural Gas Commodity | Other Current Assets | Level 1 | Fair Value, Measured on a Recurring Basis | Other Derivative Instruments    
Derivative [Line Items]    
Derivative Asset, Gross 0 0
Natural Gas Commodity | Other Current Assets | Level 2 | Fair Value, Measured on a Recurring Basis | Other Derivative Instruments    
Derivative [Line Items]    
Derivative Asset, Gross 0 14
Natural Gas Commodity | Other Current Assets | Level 3 | Fair Value, Measured on a Recurring Basis | Other Derivative Instruments    
Derivative [Line Items]    
Derivative Asset, Gross $ 0 $ 0
[1] Xcel Energy nets derivative instruments and related collateral on its consolidated balance sheets when supported by a legally enforceable master netting agreement. At March 31, 2024 and Dec. 31, 2023, derivative assets and liabilities include no obligations to return cash collateral. At March 31, 2024 and Dec. 31, 2023, derivative assets and liabilities include rights to reclaim cash collateral of $8 million and $7 million, respectively. Counterparty netting amounts presented exclude settlement receivables and payables and non-derivative amounts that may be subject to the same master netting agreements.
[2] Xcel Energy currently applies the normal purchase exception to qualifying PPAs. Balance relates to specific contracts that were previously recognized at fair value prior to applying the normal purchase exception, and are being amortized over the remaining contract lives along with the offsetting regulatory assets and liabilities.