Exhibit 10.01

 

Compensation Practices for Xcel Energy Non-Employee Directors

 

On August 24, 2005, the Xcel Energy board of directors passed a resolution
authorizing an increase in a component of the non-employee director
compensation.  On the first business day following the 2006 annual meeting of
shareholders, each non-employee director will receive an award of stock
equivalent units under the Stock Equivalent Plan for Non-Employee Directors of
Xcel Energy (as approved by shareholders on May 20, 2004) representing $64,000
in cash value. Following the change, compensation practices for non-employee
directors of Xcel Energy is outlined in the following table:

 

 

 

Prior to
Aug. 31, 2005

 

After
Sept. 1, 2005

 

Annual Director Retainer

 

$

35,000

 

$

35,000

 

Board Meeting Attendance Fees (per meeting)

 

$

1,500

 

$

1,500

 

Telephonic Meeting Attendance Fees (per meeting)

 

$

650

 

$

650

 

Committee Meeting Attendance Fees (per meeting)

 

$

1,500

 

$

1,500

 

Additional Retainer for Committee Chair:

 

 

 

 

 

Governance, Compensation & Nominating Committee

 

$

5,000

 

$

5,000

 

Operations, Nuclear & Environmental Committee

 

$

5,000

 

$

5,000

 

Audit Committee

 

$

10,000

 

$

10,000

 

Finance Committee

 

$

5,000

 

$

5,000

 

Stock Equivalent Units

 

$

52,800

 

$

64,000

 

 

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