Exhibit 10.02

AMENDMENT FOUR  To Employment Agreement Between

Xcel Energy Inc. and

Paul J. Bonavia

This Amendment Four is an amendment to the Employment Agreement (“Agreement”)
between Xcel Energy Inc., as successor to New Century Energies, Inc., and Paul
J. Bonavia (“Participant”). Said Agreement was first effective December 15,
1997, and later amended with the First, Second and Third Amendments thereto, and
is now amended further with the following Amendment Four:

1.               Section 7.1 Termination for Good Reason, is hereby amended by
substituting the following introductory paragraph for the introductory paragraph
as it appears therein (while retaining all of the remainder of said Section
7.1):

“Good Reason” means the occurrence, on or after the date of a Change in
Control(as that term is defined in the Xcel Energy Senior Executive Severance
and Change in Control Policy), of one or more of the following events or
circumstances, as determined in good faith by the Executive:

2.              Section 7.3 Termination for Cause, is hereby amended by
substituting the following for the last sentence thereof:

“Termination for Cause” shall mean the termination of Executive’s employment by
the Company because of Executive’s fraud or dishonesty which has resulted, or is
likely to result, in material economic damage to the Company, as determined in
good faith by a vote of two-thirds of the non-employee directors at a meeting of
the Company’s Board of Directors at which Executive has been afforded an
opportunity to be heard.”

3.              Section 7.4  Termination After Change in Control, is hereby
amended in its entirety to read as follows:

In the event of a Change in Control (as defined in the Xcel Energy Senior
Executive Severance and Change in Control Policy), the Executive shall be
entitled to the greater of: (a) the payment he would otherwise be entitled to
receive for the remaining term of employment under this Agreement; or (b) those
payments provided under the Xcel Energy Senior Executive Severance and Change in
Control Policy.

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IN WITNESS WHEREOF, the parties have executed this Amendment Four to the
Agreement, effective June 1, 2007.

ATTEST:

XCEL ENERGY INC.

 

 

 

 

By:

 

 

By:

/s/ Richard C. Kelly

 

 Its

 

 

 

 Richard C. Kelly,

 

 

 President and CEO

 

 

 

 

 

EXECUTIVE

 

 

 

 

/s/ Paul J. Bonavia

 

 

 

Paul J. Bonavia

 

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