MINNEAPOLIS -- September 19, 2011<br /><br />Xcel Energy has named Teresa S. Madden senior vice president and chief<br />financial officer and Scott Wilensky senior vice president and general<br />counsel, effective today.<br /><br />Formerly vice president and controller, Madden has held a variety of positions<br />with Xcel Energy and its predecessor company, Public Service Co. of Colorado.<br />She has a Bachelor of Science degree in accounting from Colorado State<br />University and a Master of Business Administration degree from Regis<br />University. She is a member of the Colorado Society of Certified Public<br />Accountants and the American Institute of Certified Public Accountants.<br /><br />Madden succeeds David M. Sparby, who now holds the position of senior vice<br />president and group president, with responsibility for the four operating<br />companies that comprise Xcel Energy: Northern States Power Co.-Minnesota,<br />NSP-Wisconsin, Public Service Co. of Colorado; and Southwestern Public Service<br />Co.<br /><br />Wilensky previously was vice president, Regulatory and Resource Planning, for<br />all Xcel Energy operating companies. He has more than 25 years of experience<br />in utility regulation, holding such positions as managing director of Rate<br />Revenue and managing director of Government Affairs. He previously spent 10<br />years as assistant attorney general with the Minnesota Attorney General’s<br />Office. He holds a bachelor’s degree from the University of Michigan and a law<br />degree from Thomas M. Cooley Law School, Lansing, Mich.<br /><br />Wilensky succeeds Michael C. Connelly, who is now senior vice president,<br />Strategy and Planning.<br /><br />Jeff Savage, formerly senior director, Financial Reporting, Corporate and<br />Technical Accounting, replaces Madden as vice president and controller. Before<br />joining Xcel Energy in 2007, he held financial reporting, technical<br />accounting, financial consolidation, Sarbanes-Oxley and internal audit<br />positions at The Mosaic Company and Regis Corp. He also spent six years at<br />PricewaterhouseCoopers in Minneapolis. He holds a degree in accounting and<br />finance from Colorado State University and is a Certified Public Accountant.<br /><br />“I am pleased to have such talented, experienced people in place,” said Ben<br />Fowke, chairman, president and CEO of Xcel Energy. “These leadership changes<br />better enable us to achieve our strategic goals and meet the challenges our<br />industry and company will face in the years to come,” he said.<br /><br />Additional members of Fowke’s executive leadership team are:<br /><br />  * Michael C. Connelly, formerly general counsel, is now senior vice<br />    president; Strategy and Planning, which will include portfolio<br />    development, risk management and resource planning;<br />  * Dennis Koehl is senior vice president and chief nuclear officer;<br />  * Kent T. Larson, formerly vice president and chief Energy Supply officer,<br />    is now senior vice president, Operations, with responsibility for energy<br />    supply, transmission, distribution and natural gas operations;<br />  * Marvin McDaniel is senior vice president and chief administrative officer;<br />  * Roy Palmer, formerly vice president, Federal and State Affairs, is now<br />    senior vice president, Public Policy and External Affairs, responsible for<br />    federal government affairs, corporate communications and public policy;<br />  * David M. Sparby, formerly vice president and CFO, is now senior vice<br />    president and group president, with responsibility for the four operating<br />    companies that comprise Xcel Energy.<br /><br />Xcel Energy (NYSE:XEL) is a major U.S. electricity and natural gas company<br />that provides a comprehensive portfolio of energy-related products and<br />services to 3.4 million electricity customers and 1.9 million natural gas<br />customers through its regulated operating companies in eight Western and<br />Midwestern states. Company headquarters are in Minneapolis. More information<br />is available at xcelenergy.com.