CORPORATE RESPONSIBILITY HIGHLIGHTS

THE FUTURE IN SIGHT

BUILDING THE FUTURE,

TODAY WE'RE POWERING PEOPLE’S LIVES AND POSSIBILITIES WITH ENERGY THEY CAN TRUST TO BE SAFE, AFFORDABLE, RELIABLE AND INCREASINGLY CLEAN.

DELIVERINGCLEAN

ENERGYWE’RE THE FIRST MAJOR U.S. POWER COMPANY WITH AN ASPIRATION TO PROVIDE 100% CARBON- FREE ELECTRICITY BY 2050, WITH AN INTERIM GOAL TO REDUCE CARBON EMISSIONS 80% BY 2030*.

*Carbon emission reductions from the electricity serving our customers.

RECOGNIZED WITH A NATIONAL 2020 CLIMATE LEADERSHIP AWARD FOR ORGANIZATIONAL LEADERSHIP

TODAY, WE’RE OVER HALFWAY TO OUR GOAL

2019RESULTS

2030GOAL

2050ASPIRATION

LOWER CARBONEMISSIONS*

LOWER CARBONEMISSIONS*

CARBON-FREE ELECTRICITY

44% 80% 100%

* Results are estimated and reflect potential scenarios that achieve 80% reduction in carbon emissions by 2030; actual system depends on various factors, including regulatory approval of future plans.

CHANGING OUR ENERGY

9%Renewables

28%Renewables

60%RenewablesEstimated*

56%

Coal

26%

Coal15%

Coal

23%

Natural Gas

33%

Natural Gas

15%

Natural Gas

12%

Nuclear

13%

Nuclear10%

Nuclear

9%Renewables

28%Renewables

60%RenewablesEstimated*

56%

Coal

26%

Coal15%

Coal

23%

Natural Gas

33%

Natural Gas

15%

Natural Gas

12%

Nuclear

13%

Nuclear10%

Nuclear

9%Renewables

28%Renewables

60%RenewablesEstimated*

56%

Coal

26%

Coal15%

Coal

23%

Natural Gas

33%

Natural Gas

15%

Natural Gas

12%

Nuclear

13%

Nuclear10%

Nuclear

2005

2019

2030

REDUCING OUR IMPACT

* Coal ash and air emissions are from Xcel Energy owned electric generation, and air emissions include sulfur dioxide and nitrogen oxides; water consumption is from the production of owned and purchased electricity, and carbon emissions are from the electricity provided to customers.

2005

2019

2010

2015

CO2

23%

LOWER44%

FEWER

WATERCONSUMPTION

CARBON EMISSIONS

COAL ASHPRODUCED

AIR EMISSIONS

47%

LESS80%

FEWER

BY PROVIDING MORE ENERGY FROM WIND AND

SOLAR, WE CONSUME LESS WATER, REDUCE WASTE,

PROTECT AIR QUALITY AND HELP KEEP CUSTOMER

BILLS LOW.

JUST AS WE ARE COMMITTED TO PRODUCING INCREASINGLY

CLEANER ELECTRICITY, WE HAVE A PLAN TO REDUCE GREENHOUSE

GAS EMISSIONS ACROSS THE NATURAL GAS SUPPLY CHAIN.

BUILDING A CLEAN ENERGY FUTURE FOR NATURAL GAS

Electric generation: Low-cost natural gas is enabling our transition from coal and helping integrate more wind and solar energy for a cleaner power grid.

Customers: We can help customers reduce their emissions by offering them more conservation, advanced technology and greener supply options.

Our delivery system: Through our pipeline improvement projects and participation in voluntary methane reduction programs, we operate the cleanest delivery system possible.

Producers and suppliers: We can encourage transparency and action from our natural gas suppliers.

YOU. US.

TOGETHER.CUSTOMERS DEPEND ON US TO PROVIDE CRITICAL SERVICE THAT POWERS THEIR DAILY LIVES, THEIR FAMILIES AND THE ECONOMY. THROUGH EFFICIENCY AND RENEWABLE CHOICE PROGRAMS, WE CAN HELP THEM SAVE MONEY AND ACHIEVE THEIR ENERGY GOALS.

Xcel Energy Residential Customer Bills Compared to Consumer Prices*

OUR BILLS HAVE DECREASED, WHILE THE COST OF OTHER GOODS AND SERVICES HAS INCREASED

* Consumer prices based on the Consumer Price Index (CPI); bills are annual average of monthly bills based on data reported to the U.S. Energy Information Administration.

9%Renewables

25%Renewables

60%RenewablesEstimated*

56%

Coal

33%

Coal 15%

Coal

23%

Natural Gas

29%

Natural Gas

15%

Natural Gas

12%

Nuclear

13%

Nuclear10%

Nuclear

201370

80

Ind

ex

90

100

110

120

2014 2015 2016 2017 2018 2019

CPI

Electric BillsNatural Gas Bills

Providing options: More than 200,000 customers participate in renewable choice programs, and in 2019, customers completed nearly 4.5 million energy efficiency projects.

Spurring innovation: The advanced grid technology we're installing will improve reliability and security, storm response, efficiency and customer options.

Supporting local business: More than 70% of our purchasing is with local businesses.

Creating opportunity:We spent $486 million in 2019 with businesses owned by women, minorities or veterans.

Building prosperity:Through economic development partnerships, we helped attract 18 new businesses to our service area in 2019, resulting in over 1,100 jobs and $374 million in investment for communities.

PRODUCING MORE FOR OUR CUSTOMERS AND LOCAL ECONOMIES

THROUGH OUR CORE VALUES, WE

DELIVER ECONOMIC, ENVIRONMENTAL AND SOCIAL RESULTS FOR

THE CUSTOMERS, COMMUNITIES AND OTHERS WE SERVE.

WE ARE A TEAM OF OVER 11,000 EMPLOYEES LIVING

OUR VALUES

COMMITTED

CONNECTED

SAFE

TRUSTWORTHY

NAMED AMONG THE 2020 WORLD’S MOST ETHICAL

COMPANIES BY ETHISPHERE

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WE GIVE OUR TIME, TALENT AND FINANCIAL RESOURCES TO THE PLACES WHERE WE LIVE AND DO BUSINESS.

SUPPORTING OUR COMMUNITIES

Energy assistance $59 million

United Way $4.7 million

Focus Area Grants $4.2 million

Matching Gifts $1.3

Volunteer Time $0.8

Other Giving $0.5

* Includes giving from the Xcel Energy Foundation, Xcel Energy and employees; energy assistance includes regulated programs, as well as funding for low-income energy efficiency.

INVESTING IN COMMUNITIES

2019 Total Investment $70.5 Million*

WORKING WITH US

Being there: In response to the COVID-19 pandemic, we donated $1.5 million for disaster relief, which is part of at least $20 million in short- and long-term giving that we're planning to help our communities recover.

Ensuring safety: 89% of employees agree their safety is a top priority for us — the highest rated attribute on our employee engagement survey.

Giving to communities: Employees volunteered nearly 82,000 hours in 2019 and served on 500 community boards.

Expanding our talent: Of newly hired employees in 2019, 96% were local, 23% were ethnically diverse and 10% were veterans, and we provided internship opportunities to more than 350 students.

Managing change: We partner with communities facing coal plant closures to help attract new business and retain tax base, while also supporting a responsible transition for employees through advanced notification, relocation and retraining.

A Best Place to Work for LGBTQ equality — earning 100% on the Human Rights Campaign Corporate Equality Index

FIND OUR FULL CORPORATE RESPONSIBILITY

REPORT AND LEARN ABOUT XCEL ENERGY’S ECONOMIC,

ENVIRONMENTAL AND SOCIAL CONTRIBUTIONS AT

XCELENERGY.COM/CORPORATERESPONSIBILITY

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