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About this Report & GRI Index

Publication Date: May 2019

Reporting Period: Jan. 1 – Dec. 31, 2018

Date of Previous Report: May 2018 (for 2017)

Reporting Cycle: Annual

Report Boundary: Xcel Energy and its four regulated subsidiaries

Contact Point: corporateresponsibility@xcelenergy.com

Xcel Energy’s annual Corporate Responsibility Report focuses on the company’s environmental and social contributions, and is built on 24 issues that we have identified as important to our stakeholders and company.

This year marks the 14th year we have published the report. Our first Corporate Responsibility Report (formerly known as the Triple Bottom Line report) was published in April 2005, with the contents covering the 2004 calendar year. The report is published online, and to raise awareness for it, we print a highlights brochure that is distributed at our annual shareholders’ meeting and at other events throughout the year.

How to Use this Report

Our ongoing goal for this report is to improve transparency and to meet the different information needs of the stakeholders that use it. With this in mind, we provide different levels of information.

Global Reporting Initiative Guidelines

Xcel Energy continues to base its Corporate Responsibility Report on Global Reporting Initiative (external link) (GRI) guidelines, which we have used since 2008. This year’s report is based on GRI’s Standards in accordance with the Core option and the Electric Utilities Sector Supplement. We have tried to meet the intent and follow the standards as closely as possible; however, there are instances where we track information for disclosure differently or not at all, based on our company or stakeholder information needs. For more information, please see the GRI Content Index.

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Forward-looking Statements

Except for the historical statements contained in this report, the matters discussed herein are forward-looking statements that are subject to certain risks, uncertainties and assumptions. Such forward-looking statements, including the 2019 EPS guidance, long-term EPS and dividend growth rate, as well as assumptions and other statements are intended to be identified in this document by the words “anticipate,” “believe,” “could,” “estimate,” “expect,” “intend,” “may,” “objective,” “outlook,” “plan,” “project,” “possible,” “potential,” “should,” “will,” “would” and similar expressions. Actual results may vary materially. Forward looking statements speak only as of the date they are made, and we expressly disclaim any obligation to update any forward-looking information. The following factors, in addition to those discussed elsewhere in this Annual Report on Form 10-K for the fiscal year ended Dec. 31, 2018 (including the items described under Factors Affecting Results of Operations; and the other risk factors listed from time to time by Xcel Energy Inc. in reports filed with the SEC, including “Risk Factors” in Item 1A of this Annual Report on Form 10-K hereto), could cause actual results to differ materially from management expectations as suggested by such forward-looking information: changes in environmental laws and regulations; climate change and other weather, natural disaster and resource depletion, including compliance with any accompanying legislative and regulatory changes; ability of subsidiaries to recover costs from customers; reductions in our credit ratings and the cost of maintaining certain contractual relationships; general economic conditions, including inflation rates, monetary fluctuations and their impact on capital expenditures and the ability of Xcel Energy Inc. and its subsidiaries to obtain financing on favorable terms; availability or cost of capital; our customers’ and counterparties’ ability to pay their debts to us; assumptions and costs relating to funding our employee benefit plans and health care benefits; our subsidiaries’ ability to make dividend payments; tax laws; operational safety, including our nuclear generation facilities; successful long-term operational planning; commodity risks associated with energy markets and production; rising energy prices; costs of potential regulatory penalties; effects of geopolitical events, including war and acts of terrorism; cyber security threats and data security breaches; fuel costs; and employee work force and third party contractor factors.

Corporate Responsibility Report 2017

Energy Saving Tip

Rather than crank up your heat in the winter, keep your thermostat at a moderate level and bundle up. (Who doesn't love fuzzy slippers?)

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Be very aware of overhead power lines coming into your home. Always keep yourself, your ladders and tools at least 10 feet away.

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