Xcel Energy : ESG Presentation

MANAGING ENVIRONMENTAL, SOCIAL AND GOVERNANCE ISSUES

MARCH 2021

Safe Harbor

Except for the historical statements contained in this presentation, the matters discussed herein are forward-looking statements that are subject to certain risks, uncertainties and assumptions. Such forward-looking statements, including the resource plans of our operating companies, 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 in Xcel Energy's Annual Report on Form 10-K for the fiscal year ended Dec. 31, 2020 and subsequent filings with the Securities and Exchange Commission, could cause actual results to differ materially from management expectations as suggested by such forward-looking information: uncertainty around the impacts and duration of the COVID-19 pandemic; operational safety, including our nuclear generation facilities; successful long-term operational planning; commodity risks associated with energy markets and production; rising energy prices and fuel costs; qualified employee workforce and third party contractor factors; ability to recover costs; changes in regulation and subsidiaries' ability 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; effects of geopolitical events, including war and acts of terrorism; cyber security threats and data security breaches; seasonal weather patterns; changes in environmental laws and regulations; climate change and other weather; natural disasters and resource depletion, including compliance with any accompanying legislative and regulatory changes; and costs of potential regulatory penalties.

Contacts

Paul Johnson	Emily Ahachich	Darin Norman
Vice President, Investor Relations	Director, Investor Relations	Senior Analyst, Investor Relations
612-215-4535	612-330-6054	612-337-2310
[e-mail]	[e-mail]	[e-mail]
	Website: http://investors.xcelenergy.com/

Sustainability Embedded in Strategy

LEADING ESG PROFILE

We are retiring coal plants, adding renewables, exploring clean technologies and helping electrify other sectors, while keeping bills low and evolving our workforce to reflect the communities we serve

LEAD THE CLEAN	ENHANCE THE	KEEP CUSTOMER
ENERGY TRANSITION	CUSTOMER EXPERIENCE	BILLS LOW
•	Climate​	•	Safety and security	•	Affordability​
•	Innovation	•	Reliability/resiliency	•	Community vitality
•	Human capital​	•	Clean energy

• Diversity, equity, inclusion

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Sustainability Goals & Progress

LEADING ESG PROFILE

Carbon emissions down 80% by 2030

51% from 2005-2020; tied to LTI since 2005

Methane emissions rate <0.2%* 0.14% in 2019

Water consumption down 70% by 2030 34% reduction from 2005 to 2020

Bill increases <rate of inflation

Residential bills flat 2013-2020

1.5 million EVs powered by 2030 Plans approved in MN and CO Plans filed in WI and NM

Mitigate impacts of coal retirements

7 plant closures with 0 layoffs

In 2020, completed 20 economic development projects and over 70% of supply chain spend was local

Workforce reflects our communities

Board: 20% female; 20% diverse (YE 2020)

Workforce: 23% female;16% diverse (YE 2020)

~10% spend with diverse suppliers in 2021 Exceeded $600 million goal in 2020, with a total of $640 million, or ~13%**

* One Future consortium target for distribution systems	3
** Normal goods and services

Clear ESG Governance Structure

LEADING ESG PROFILE

Operational Risks, Including Carbon			ESG Oversight
Board Operations, Nuclear,			Board Governance, Compensation and
Environmental and Safety Committee			Nominating Committee

Chairman and CEO

SVP Strategy, Planning and

External Affairs

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