Director received an award of 503.9 XEL shares

1. Retainer granted in the form of stock equivalent units payable in whole shares of common stock following termination of the reporting person's service as director and fractional units are payable at such time in cash.
2. Of the 503.897 stock equivalent units, 419.914 were granted at a price of $74.42 per unit in lieu of the reporting person's quarterly cash retainer, and 83.983 were granted at no cost to the reporting person as a 20% premium on the amount of such retainer.
3. Includes 91.254 stock equivalent units acquired pursuant to the reinvestment of dividend equivalents.

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