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February 06, 2016 11:43 AM ET

Electric Utilities

Company Overview of Southwestern Public Service Company

Company Overview

Southwestern Public Service Company primarily engages in the generation, purchase, transmission, distribution, and sale of electricity in Texas and New Mexico. It generates electricity from coal and natural gas. The company provides electric utility service to approximately 386,000 retail customers. It serves oil and gas extraction, as well as petroleum and coal products, and crop related agricultural industries. The company was founded in 1921 and is based in Amarillo, Texas. Southwestern Public Service Company is a subsidiary of Xcel Energy Inc.

Tyler at Sixth

Amarillo, TX 79101

United States

Founded in 1921

1,281 Employees



Key Executives for Southwestern Public Service Company

Chief Executive Officer, President and Director
Age: 54
Chief Financial Officer, Executive Vice President and Director
Age: 59
Vice President and President of Energy Supply of Xcel Energy Inc.
Age: 68
Principal Accounting Officer, Senior Vice President and Controller
Age: 43
Vice President, Chief Information Officer of Xcel Energy and Vice President of Xcel Energy
Age: 64
Compensation as of Fiscal Year 2015.

Southwestern Public Service Company Key Developments

Southwestern Public Service Company Reports Earnings Results for the Third Quarter and Nine Months Ended of September 30, 2015

Southwestern Public Service Company reported earnings results for the third quarter and nine months ended of September 30, 2015. For the quarter, the company’s diluted earnings per share were $0.12 compared to $0.13 a year ago. ongoing earnings decreased $0.01 per share For the nine months, the company’s diluted earnings per share were $0.21 compared to $0.23 a year ago. ongoing earnings per share were $0.02.

Southwestern Public Service Co. Wins $2.6 Million Federal Contract

Southwestern Public Service Co. won a $2.6 million federal contract from the U.S. Department of the Interior's Bureau of Land Management, Denver, for electrical services.

Southwestern Public Service Company Reports Unaudited Earnings Results for the First Quarter Ended March 31, 2014

Southwestern Public Service Company reported unaudited earnings results for the first quarter ended March 31, 2014. For the quarter, diluted earnings per share were $0.04 against $0.02 a year ago. Weather-adjusted retail electric sales increased 4%, largely driven by growth in the C&I class, although the company saw strong residential growth. Earnings increased $0.02 per share for the quarter, primarily due to higher electric rates implemented mid-year 2013 and an interim rider designed to recover costs associated with transmission infrastructure in Texas, partially offset by O&M expenses.

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Recent Private Companies Transactions

May 27, 2015
Southwestern Public Service Company, Certain Transmission Assets

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