Prior to Aug. 31, 2005
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 |
| After |
| |||
| 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 |
| |
