MINNEAPOLIS, Dec. 19, 2025 (GLOBE NEWSWIRE) -- Xcel Energy Inc. (NASDAQ:XEL) (Xcel Energy) announced today the pricing terms of its previously announced three separate offers (each an Offer and, together, the Offers) to purchase for cash up to $345,000,000 aggregate principal amount of three series of first mortgage bonds (the Bonds) issued by Northern States Power Company, a Minnesota corporation and a wholly owned subsidiary of Xcel Energy.

The Offers are made upon the terms and subject to the conditions set forth in the Offer to Purchase dated December 15, 2025 relating to the Bonds (the Offer to Purchase) and the accompanying notice of guaranteed delivery (the Notice of Guaranteed Delivery and, together with the Offer to Purchase, the Tender Offer Documents). Capitalized terms used but not defined in this announcement have the meanings given to them in the Offer to Purchase.

Set forth in the table below is the applicable Total Consideration (as defined below) for each series of Bonds, as calculated as of 10:00 a.m. (New York City time) today, December 19, 2025, in accordance with the Offer to Purchase.

Acceptance Priority Level(1)

Title of Security

CUSIP Number

Par Call Date (2)

Maturity Date

Principal Amount Outstanding

Reference Security(3)

 Bloomberg Reference Page

Reference Yield

Fixed Spread(3)

Offer Yield

Total Consideration(2) (3)

1

3.600% First Mortgage Bonds, Series due May 15, 2046

665772 CP2

November 15, 2045

May 15, 2046

$350,000,000(4)

4.625%UST dueNovember 15,2045

PX1

4.788%

+45 bps

5.238%

$796.20

2