v3.24.3
Commitment and Contingencies (Tables)
 9 Months Ended
Sep. 30, 2024
Commitments and Contingencies Disclosure [Abstract]  
Finance Lease, Liability, Fiscal Year Maturity
Commitments under operating and finance leases as of Sept. 30, 2024:
(Millions of Dollars)PPA Operating
Leases		Other Operating
Leases		Total Operating
Leases
Finance
 Leases (a)
Total minimum obligation$1,037 $364 $1,401 $210 
Interest component of obligation(123)(144)(267)(148)
Present value of minimum obligation$914 220 1,134 62 
Less current portion(226)(2)
Noncurrent operating and finance lease liabilities$908 $60 
(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)20242023
Operating leases
PPA capacity payments$57 $61 
Other operating leases (a)
11 11 
Total operating lease expense (b)
$68 $72 
Finance leases
Amortization of ROU assets$1 $1 
Interest expense on lease liability4 4 
Total finance lease expense$5 $5 
(a)Includes short-term lease expense of $1 million and $3 million for 2024 and 2023, respectively.
(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)20242023
Operating leases
PPA capacity payments$172 $182 
Other operating leases (a)
33 35 
Total operating lease expense (b)
$205 $217 
Finance leases
Amortization of ROU assets$3 $2 
Interest expense on lease liability11 12 
Total finance lease expense$14 $14 
(a)Includes short-term lease expense of $3 million and $5 million for 2024 and 2023, respectively.
(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.