Director received an award of 480.22 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 480.215 stock equivalent units, 400.179 were granted at a price of $78.09 per unit in lieu of the reporting person's quarterly cash retainer, and 80.036 were granted at no cost to the reporting person as a 20% premium on the amount of such retainer.
3. Includes 105.516 stock equivalent units acquired pursuant to the reinvestment of dividend equivalents.

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