News Releases

Xcel Energy Announces Receipt of Waiver Regarding Payment of Common Dividend

MINNEAPOLIS - Xcel Energy (NYSE:XEL) today received notification that the Securities and Exchange Commission (SEC) granted the company a waiver to pay two quarterly dividends on its common stock from paid-in-capital.

"We will call a special meeting of our board of directors and recommend they approve payment of our delayed first quarter dividend of 18.75 cents per share, said Wayne Brunetti, Xcel Energy chairman, president and CEO. "We know the delay in this payment has created hardships for many of our shareholders and we will take steps to send the dividend checks to them as quickly as possible."

"We've always had enough cash to pay the dividend. With this authorization from the SEC we expect to declare and pay the July dividend on a normal schedule."

Xcel Energy is a major U.S. electricity and natural gas company with regulated operations in 12 Western and Midwestern states. Formed by the merger of Denver-based New Century Energies and Minneapolis-based Northern States Power Co., Xcel Energy provides a comprehensive portfolio of energy-related products and services to 3.2 million electricity customers and 1.7 million natural gas customers through its regulated operating companies. In terms of customers, it is the fourth-largest combination natural gas and electricity company in the nation. Company headquarters are located in Minneapolis. More information is available at www.xcelenergy.com.