| Issuer: | Xcel Energy Inc. (a Minnesota corporation) |
| Issue Format: | SEC Registered |
| Ratings*: | Baa1/BBB+/BBB+ (Moody's/Standard & Poor's/Fitch) |
| Security Type: | Senior Notes |
| Pricing Date: | September 7, 2011 |
| Settlement Date: | September 12, 2011 (T+3) |
| Interest Payment Dates: | Each March 15 and September 15, commencing March 15, 2012 |
| Principal Amount: | $250,000,000 |
| Maturity Date: | September 15, 2041 |
| Reference Benchmark: | 4.375% due May 15, 2041 |
| Benchmark Price: | 119-29+ |
| Benchmark Yield: | 3.315% |
| Re-offer Spread: | +150 bps |
| Re-offer Yield: | 4.815% |
| Coupon: | 4.800% |
Issue Price to Public: Net Proceeds to Issuer: | 99.763% $247,220,000 (before transaction expenses) |
| Optional Redemption: | Redeemable prior to March 15, 2041, in whole or in part at a “make whole” redemption price at the Treasury Yield plus 25 basis points; redeemable on or after March 15, 2041, in whole or in part at the option of the Company at a price of 100% plus accrued and unpaid interest |
| Minimum Denominations: | $1,000 |
CUSIP/ISIN: Underwriters: | 98389BAN0/US98389BAN01 Barclays Capital Inc. Morgan Stanley & Co. LLC RBS Securities Inc. |
