XCEL ENERGY ANNOUNCES NEW GROUP PRESIDENT

Xcel has named David Eves Executive Vice President, Group President – Utilities, effective March 1.
Eves will oversee the leadership of Xcel Energy’s operating companies, a responsibility previously held
by Marvin McDaniel Jr. who has retired.  Eves currently serves as President of Xcel Energy – Colorado,
and will continue in both roles at this time.

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