XCEL ENERGY INC — Director's Dealing 2004

Mar 3, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: XCEL ENERGY INC (XEL)
CIK: 0000072903
Period of Report: 2004-03-01

Reporting Person: LESHER CYNTHIA L (VP, Xcel Energy Services Inc.)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-03-01	Phantom Stock	$0	A	3.34	Acquired		Common (3.34)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common	36760.15	Direct
Common	4096.66	Indirect

Footnotes

F1: Shares of phantom stock are payable in cash following termination of reporting person's employment.