On October 25, 2021, Ben Fowke, Executive Chairman of Xcel Energy Inc. (?Xcel Energy?), notified Xcel Energy that he will retire from the Xcel Energy Board of Directors (the ?Board?) and as Executive Chairman effective December 31, 2021. After retiring as Xcel Energy?s Chief Executive Officer in August 2021, Mr. Fowke agreed to serve on the Board as Executive Chairman for a transition period, focusing on national energy policy and working closely with Xcel Energy President and Chief Executive Officer, Robert Frenzel. On October 27, 2021, the Board determined that, effective December 31, 2021 and upon Mr. Fowke?s retirement as Executive Chairman, Mr. Frenzel will assume the role of Chairman of the Board.