Xcel Energy

Safe Harbor Statement: This material includes forward-looking statements subject to certain risks, uncertainties and assumptions. They include, but are not limited to, statements regarding projected earnings, cash flows, capital expenditures, earnings growth rates, dividend increases, credit ratings, and other statements; may be identified by words such as “anticipate, estimate, expect, projected, objective, outlook, possible, potential” or similar expressions; and speak only as of the date they are made. Factors that could cause actual results to differ materially include, but are not limited to: general economic conditions, including inflation rates, monetary fluctuations, and their impact on capital expenditures; energy industry business conditions, including the risk of a slowdown in the U.S. economy or delay in growth recovery; trade, fiscal, taxation and environmental policies in areas where Xcel Energy has a financial interest; customer business conditions; competitive factors; unusual weather; geopolitical events, including war and acts of terrorism; state, federal and foreign legislative and regulatory initiatives that affect cost and investment recovery, have an impact on rates or have an impact on asset operation or ownership or impose environmental compliance conditions; structures that affect the speed and degree to which competition enters the electric and natural gas markets; costs and other effects of legal and administrative proceedings, settlements, investigations and claims; financial or regulatory accounting policies regulatory bodies impose; availability or cost of capital; work force factors; and other risk factors Xcel Energy lists in our most recent 10-K report to the SEC, including Item 1A - Risk Factors and Exhibit 99.01, as they may be updated in our subsequent 10-Q and 8-K reports.