CDT today, Xcel Energy will host a conference call to review firstquarter financial results. To participate in the call, please dial in five to 10minutes prior to the start and follow the operator`s instructions. US Dial-In: (800) 218-8862 International Dial-In:(303) 262-2052The conference call also will be simultaneously broadcast and archived on XcelEnergy`s Web site at To access the presentation, click onInvestor Information. If you are unable to participate in the live event, thecall will be available for replay from 12:00 p.m.CDT on April 30 through 11:59p.m CDT on May 1. Replay Numbers US Dial-In: (800) 405-2236 International Dial-In:(303) 590-3000 Access Code:11129075# Except for the historical statements contained in this release, the mattersdiscussed herein, including our 2009 full year EPS guidance and assumptions, areforward-looking statements that are subject to certain risks, uncertainties andassumptions.

Such forward-looking statements are intended to be identified inthis document by the words “anticipate,” “believe,” “estimate,” “expect,”"intend,” “may,” “objective,” “outlook,” “plan,” “project,” “possible,”"potential,” “should” and similar expressions Actual results may varymaterially. 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 thatoccur after that date. This information is not given in connection with any sale, offer for sale oroffer to buy any security XCEL ENERGY INC. AND SUBSIDIARIES Notes to Investor Relations Release (Unaudited)Due to the seasonality of Xcel Energy`s operating results, quarterly financialresults are not an appropriate base from which to project annual results. 2008Higher electric margins0.11 Higher allowance for funds used during construction – equity 0.01 Higher operating and maintenance expenses(0.02 )Lower natural gas margins(0.02 )Dilution from DRIP, benefit plan and the 2008 common equity(0.02 )issuanceHigher interest expenses (0.01 )Higher conservation and demand side management program expenses(0.01 )Other(0.01 ) 2009 GAAP and ongoing1 diluted earnings per share$ 0.381 Ongoing earnings exclude the impact related to the Corporate Owned LifeInsurance (COLI) program. During 2007, Xcel Energy resolved a dispute with theIRS regarding its COLI program. For the first quarter of 2009 and 2008, incomewas not materially affected by the termination of the COLI program, and therewas no effect on the first quarter 2009 earnings per share.

Note 2.Regulated Utility Results – Continuing OperationsEstimated Impact of Temperature Changes on Regulated Earnings – The followingtable summarizes the estimated impact on earnings per share of temperaturevariations on first quarter results, compared with sales under normal weatherconditions Three Months Ended March 31,2009 vs 2008 vs. 2009 vs.Normal Normal 2008Retail electric $0.00 $0.01 $ (0.01)Firm natural gas 0.000.01 (0.01)Total $0.00 $0.02 $ (0.02) Sales Growth – The following table summarizes Xcel Energy`s sales decline foractual and weather-normalized sales for the three-month period, excluding theimpact of the 2008 leap year. Three Months Ended March 31, ActualNormalizedElectric residential(2.4) % (0.7) % Electric commercial and industrial(1.8) (1.4) Total retail electric sales (2.0) (1.2) Firm natural gas sales(9.9) (1.1)Electric- The following tables detail the electric revenues and margin:Three Months Ended March 31, (Millions of dollars)20092008 Electric revenues$1,887$1,973 Electric fuel and purchased power (925 )(1,088) Electric margin$962$885The following table summarizes the components of the changes in electric marginfor the three months ended March 31:Three MonthsEnded March 31, 2009 vs. 2008 (Millions of dollars)Retail rate increases (Minnesota interim, Texas interim, $ 45 Wisconsin and New Mexico) Conservation and demand side management revenue17 SPS 2008 fuel cost allocation regulatory accruals12 Non-fuel riders10 NSP-Wisconsin fuel recovery9Metropolitan Emissions Reduction Project (MERP) rider5Purchased capacity costs (18 )Estimated impact of weather(6)Retail sales decline (excluding weather impact)(2)Other, net 5Total increase in electric margin$ 77Xcel Energy has experienced a decline in megawatt hours (MwH) sales,particularly in the commercial and industrial customer class. However, sincethese customers generally pay a demand fee, the impact of the lower MwH saleswas mitigated to a certain degree. Natural Gas – The following table details the changes in natural gas revenuesand margin. The cost of natural gas tends to vary with changing salesrequirements and the cost of natural gas purchases.