Xcel Energy — Feb 5, 2026 release

Senior Unsecured Notes $ 1,100  3 Year & 10 Year 4.75% & 5.60% NSP-Minnesota First Mortgage Bonds 1,100  10 Year & 30 Year 5.05% & 5.65% PSCo First Mortgage Bonds 1,000  9 Year & 30 Year 5.35% & 5.85% PSCo First Mortgage Bonds 1,000  10 Year & 30 Year 5.15% & 5.85% SPS First Mortgage Bonds 500  10 Year 5.30% NSP-Wisconsin First Mortgage Bonds 250  29 Year 5.65% Xcel Energy Inc. Junior Subordinated Debt 900  60 Year 6.25% During the year ended Dec. 31, 2025, Xcel Energy Inc. issued shares through a combination of at-the-market cash settlements and physical settlement of certain forward sale agreements for a total of 48.3 million shares ($3.34 billion in net proceeds). Xcel Energy also entered into forward equity agreements and collared forward equity agreements of which 27.2 million shares remain contracted (minimum expected proceeds of $2.02 billion). 2026 Planned Financing Activities — During 2026, Xcel Energy Inc. and its utility subsidiaries anticipate the following long-term debt issuances: Issuer Security Amount (Millions of Dollars) Xcel Energy Inc. Senior Unsecured Notes $ 1,000  PSCo First Mortgage Bonds 2,400  NSP-Minnesota First Mortgage Bonds 1,000  SPS First Mortgage Bonds 1,000  NSP-Wisconsin First Mortgage Bonds 250  In addition, Xcel Energy plans to issue incremental equity throughout 2026 through its at-the market program or other offerings. Financing plans are subject to change, depending on capital expenditures, regulatory outcomes, internal cash generation, market conditions, changes in tax policies and