News Releases

Candidates seek election to Xcel Energy board

MINNEAPOLIS - Two new candidates are seeking election to Xcel Energy’s 11-member board of directors at the corporation’s annual meeting May 17 in Denver, and nine current members of the board are seeking re-election.

Xcel Energy shareholders in 2004 adopted a proposal to elect all board members annually.  The 2006 annual meeting, which will convene at 10 a.m. Mountain Time in the Donald R. Seawell ballroom of the Denver Center for the Performing Arts, marks the first time all board members’ terms expire concurrently.

Seeking their first terms on the board are:

Richard K. Davis of Minneapolis, president and chief operating officer of U.S. Bancorp, one of the 10 largest bank holding companies in the country. Prior to his positions with the bank, Davis served an executive role in consumer banking with financial institutions that eventually became U.S. Bancorp.

Fredric W. Corrigan of Plymouth, president and chief executive officer of The  Mosaic Co., one of the world’s largest makers of phosphate and potash crop nutrients. Prior to joining Mosaic, Corrigan served in various positions with Cargill Inc., including president of the Agriculture and Biosciences Group and executive vice president.

Seeking re-election are C. Coney Burgess, chairman of Burgess-Herring Ranch Co. and Herring Bank; Roger R. Hemminghaus, retired chairman and CEO of Ultramar Diamond Shamrock Corp.; A. Barry Hirschfeld, chairman of National Hirschfeld LLC; Richard C. Kelly, chairman, president and CEO of Xcel Energy; Douglas W. Leatherdale, retired chairman and CEO of The St. Paul Companies Inc.; Albert F. Moreno, retired senior vice president and general counsel of Levi Strauss & Co.; Margaret R. Preska, CEO of Robinson Preska Co.; A. Patricia Sampson, CEO and president of The Sampson  Group Inc.; and Richard H. Truly, retired U.S. Navy vice admiral and past director of the National Renewable Energy Laboratory.

Xcel Energy (NYSE: XEL) is a major U.S. electricity and natural gas company with regulated operations in 10 Western and Midwestern states. Xcel Energy provides a comprehensive portfolio of energy-related products and services to 3.3 million electricity customers and 1.8 million natural gas customers through its regulated operating companies. Company headquarters are located in Minneapolis. More information is available at www.xcelenergy.com.