A Dark Vector Cognition product

Item 11. EXECUTIVE COMPENSATION

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Item 11. EXECUTIVE COMPENSATION

Table of Contents

Information required under this Item is set forth in Xcel Energy Inc.’s Proxy Statement for its 2026 Annual Meeting of Shareholders under the captions “Compensation Discussion and Analysis,” “Report of the Compensation Committee,” “Executive Compensation” and “Director Compensation” and is incorporated by reference.

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