Hunton Andrews Kurth Advises Underwriters on Xcel Energy Inc.’s Offering of 9,359,103 Shares of Common Stock with A Forward Component

Hunton Andrews Kurth LLP advised the underwriters on an SEC-registered offering of 9,359,103 shares of common stock of Xcel Energy Inc. ("Xcel"), which shares were borrowed from third parties by an affiliate of one of the underwriters, in its capacity as a forward counterparty, and subsequently sold to the underwriters for sale in the offering.

Xcel Energy, Inc. is a public utility holding company with four utility subsidiaries: (i) Northern States Power Company, a Minnesota corporation, which provides electric utility service to approximately 1.5 million customers in Minnesota, North Dakota and South Dakota and natural gas utility service to approximately 0.5 million customers in Minnesota and North Dakota; (ii) Northern States Power Company, a Wisconsin corporation, which provides electric utility service to approximately 259,000 customers and natural gas utility service to approximately 114,000 customers in northwestern Wisconsin and the western portion of the Upper Peninsula of Michigan; (iii) Public Service Company of Colorado, a Colorado corporation, which provides electric utility service to approximately 1.5 million customers and natural gas utility service to approximately 1.4 million customers in Colorado; and (iv) Southwestern Public Service Company, a New Mexico corporation, which provides electric utility service to approximately 390,000 retail customers in Texas and New Mexico.

The Hunton Andrews Kurth team included Peter O’Brien, Christina Kwon, Brendan P. Harney and Michelle Chan. Cary Tolley, Anna Page and Kimberly Nolte provided tax advice.