XCEL ENERGY BOARD ELECTS NEW BOARD MEMBER

David K. Owens has been elected to Xcel Energy’s Board of Directors effective immediately. An executive with
extensive experience in public policies concerning energy and utility operations, Owens is recognized as an
industry
expert on business transformation.

After 36 years of service, Owens recently retired from the Edison Electric Institute, the association representing
all
U.S. investor-owned electric companies. He served as an Executive Vice President with EEI and was the first African-American to hold an officer title with the organization. Owens guided the association on issues affecting
the future
structure of the electric industry and the new rules in evolving competitive markets.

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