Item 10. DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE

Information required under this Item with respect to Directors and Corporate Governance will be set forth in Xcel Energy Inc.’s Proxy Statement for its 2026 Annual Meeting of Shareholders under the captions “Proposal No. 1 Election of Directors,” "Board Committees," "Additional Compensation Program Features and Policies -- Insider Trading Policies and Policies on Hedging and Pledging" and “Delinquent Section 16(a) Reports” and is incorporated by reference. Information with respect to Executive Officers is included in Item 1 to this report under the caption “Information about our Executive Officers”.

Our Code of Conduct applies to Xcel Energy Inc.’s board of directors and all Xcel Energy employees, including the Chief Executive Officer, Chief Financial Officer and Controller. The Code of Conduct is available on our website at www.xcelenergy.com.

If any substantive amendments to the Code of Conduct are made or any waivers are granted, including any implicit waiver, from a provision of the Code of Conduct, to our Chief Executive Officer, Chief Financial Officer or Controller, we will disclose the nature of such amendment or waiver on our website at www.xcelenergy.com, or in a report on Form 8-K.