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August 31, 2015 1:58 PM 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 operates as 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, Senior Vice President and Director
Age: 59
Vice President and President of Energy Supply of Xcel Energy Inc.
Age: 68
Principal Accounting Officer, 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 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.

Southwestern Public Service Company Announces Board Appointments

Southwestern Public Service Company announced the formation of his operating company leadership team serving Texas and New Mexico. Evan Evans, formerly with El Paso Electric, is the new regional vice president of Rates and Regulatory Affairs. Brenda J. Holland has been promoted to the position of director of Customer and Community Relations. Seth Thomason is the director of Business Customer Relations, and Bill Grant will continue in his role as director of Strategic Planning. All four are based in the SPS headquarters building in downtown Amarillo. From 2006 through 2013, Evans was assistant vice president of Regulatory Services and Rates for El Paso Electric Company. Holland has worked for Xcel Energy and SPS for 28 years in regulatory accounting and rate administration, business consulting, and sales account management positions. In 2012, she became regional manager of Community and Economic Development for the Texas Panhandle. In her new role, Holland directs the group that oversees relationships with community and city leaders and coordinates corporate support for community events and organizations in the SPS Texas and New Mexico operating region. Holland currently serves on the boards of the Better Business Bureau of the Texas Panhandle and the Don Harrington Discovery Center. Thomason continues in his role as director of Business Customer Relations, overseeing a group of account representatives that serve as the primary liaison with large industrial customers in Texas and New Mexico. Grant continues in his role as director of Strategic Planning for Texas and New Mexico, directing strategy for transmission expansion planning and Southwest Power Pool policies for cost allocation and recovery. He joined SPS in 1981 as a control room operator at the Maddox Generating Station near Hobbs, N.M. He later worked in real-time trading and power operations in Denver and Amarillo before he was appointed to manage Amarillo's Transmission Control Center and the company's wind energy integration efforts in Texas and New Mexico.

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

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