Xcel Energy Inc. Board Declares Dividend on Common Stock

  Xcel Energy Inc. Board Declares Dividend on Common Stock

Business Wire

MINNEAPOLIS -- May 21, 2014

The Board of Directors of Xcel Energy Inc. (NYSE: XEL) today declared a
quarterly dividend on its common stock of 30 cents per share. The dividends
are payable July 20, 2014, to shareholders of record on June 19, 2014.

Xcel Energy is a major U.S. electricity and natural gas company, with
operations in 8 Western and Midwestern states. Xcel Energy provides a
comprehensive portfolio of energy-related products and services to 3.4 million
electricity customers and 1.9 million natural gas customers through its
regulated operating companies. Company headquarters are located in
Minneapolis. More information is available at www.xcelenergy.com.

This information is not given in connection with any sale or offer for sale or
offer to buy any securities.

Except for the historical statements contained in this release, the matters
discussed herein, are forward-looking statements that are subject to certain
risks, uncertainties and assumptions. Such forward-looking statements,
including our 2014 earnings per share guidance and assumptions, are intended
to be identified in this document by the words “anticipate,” “believe,”
“estimate,” “expect,” “intend,” “may,” “objective,” “outlook,” “plan,”
“project,” “possible,” “potential,” “should” and similar expressions. Actual
results may vary materially. Forward-looking statements speak only as of the
date they are made, and we do not undertake any obligation to update them to
reflect changes that occur after that date. Factors that could cause actual
results to differ materially include, but are not limited to: general economic
conditions, including inflation rates, monetary fluctuations and their impact
on capital expenditures and the ability of Xcel Energy Inc. and its
subsidiaries (collectively, Xcel Energy) to obtain financing on favorable
terms; business conditions in the energy industry, including the risk of a
slow down in the U.S. economy or delay in growth recovery; trade, fiscal,
taxation and environmental policies in areas where Xcel Energy has a financial
interest; customer business conditions; actions of credit rating agencies;
competitive factors, including the extent and timing of the entry of
additional competition in the markets served by Xcel Energy Inc. and its
subsidiaries; unusual weather; effects of geopolitical events, including war
and acts of terrorism; state, federal and foreign legislative and regulatory
initiatives that affect cost and investment recovery, have an impact on rates
or have an impact on asset operation or ownership or impose environmental
compliance conditions; structures that affect the speed and degree to which
competition enters the electric and natural gas markets; costs and other
effects of legal and administrative proceedings, settlements, investigations
and claims; actions by regulatory bodies impacting our nuclear operations,
including those affecting costs, operations or the approval of requests
pending before the Nuclear Regulatory Commission; financial or regulatory
accounting policies imposed by regulatory bodies; availability or cost of
capital; employee work force factors; and the other risk factors listed from
time to time by Xcel Energy in reports filed with the Securities and Exchange
Commission (SEC), including Risk Factors in Item 1A and Exhibit 99.01 of Xcel
Energy Inc.’s Annual Report on Form 10-K for the year ended Dec.31, 2013 and
Quarterly Report on Form 10-Q for the quarter ended March 31, 2014.

Contact:

Xcel Energy, Minneapolis
Shareholder Services
Tara Heine, 612-215-5391
or
Paul Johnson, 612-215-4535
Vice President, Investor Relations
or
Xcel Energy Media Relations Representatives, 612-215-5300
 
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