XCEL ENERGY INC — Director's Dealing 2008

Feb 23, 2008

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: XCEL ENERGY INC (XEL)
CIK: 0000072903
Period of Report: 2008-02-20

Reporting Person: Connelly Michael C (VP and General Counsel)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2008-02-20	Common Stock	A	30054.27	—	Acquired	50975.21	Direct
2008-02-20	Common Stock	F	8193.93	$20.62	Disposed	42781.28	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	3823.82	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Phantom Stock	$0		Common Stock (0)	40.04	Direct

Footnotes

F1: Includes 665.63 shares of stock acquired pursuant to reinvestment of dividends.

F2: A fractional share interest was sold.

F3: Between February 1, 2007 and January 31, 2008, the reporting person acquired 122.26 shares of Xcel Energy common stock under the Xcel Energy 401(k) Savings Plan. The information in this report is based on a plan statement dated as of February 1, 2008.

F4: Shares of phantom stock are payable in cash following termination of reporting person's employment.

F5: Balance of phantom stock as of January 31, 2008.