XEL_Q405

Xcel Energy announced its 2005 earnings. Earnings from continuing operations were $499 million compared to $522 million in 2004. Total earnings including discontinued operations were $513 million compared to $356 million in 2004. Regulated utility earnings from continuing operations were $539 million compared to $558 million in 2004. While Xcel Energy had higher operating margins in 2005, earnings were offset by higher operating and maintenance expenses. Xcel Energy expects to grow earnings in 2006 and reaffirmed guidance of $1.25 to $1.35 per share from continuing operations.