XCEL ENERGY INC — Director's Dealing 2011

Feb 26, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: XCEL ENERGY INC (XEL)
CIK: 0000072903
Period of Report: 2011-02-23

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-02-23	Common Stock	A	44444.398	—	Acquired	109411.759	Direct
2011-02-23	Common Stock	F	19032.398	$23.62	Disposed	90379.361	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	5667.345	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Phantom Stock	$0		Common Stock (0)	1157.473	Direct

Footnotes

F1: Includes 2,770.382 shares of stock acquired pursuant to reinvestment of dividends.

F2: A fractional share interest was sold.

F3: This total reflects 426 shares that were inadvertantly omitted from the reporting persons initial From 3.

F4: Between February 25, 2010 and February 23, 2011, the reporting person acquired approximately 229.361 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 23, 2011.

F5: Shares of phantom stock are payable in cash following termination of reporting persons employment.

F6: The reporting person acquired 49.358 shares of Xcel Energy phantom stock under the Xcel Energy Deferred Compensation Plan. The information in this report is based on a plan statement dated as of February 23, 2011.