What is the primary purpose of this 8-K filing?

The primary purpose of this 8-K filing is to inform investors about the Xcel Energy Inc. Board of Directors' approval of an Amended and Restated Executive Annual Discretionary Award Plan.

What is the main change introduced by the Amended and Restated Plan?

The main change is the extension of the plan's term. The original plan, approved in 2009, was set to expire, and the amended plan now extends its validity until March 31, 2016.

Does the Amended and Restated Plan introduce new compensation structures for executives?

No, the filing states that the Amended and Restated Plan is intended to operate in the same manner as the 2010 Plan, with the terms remaining largely unchanged. The focus is on extending the existing discretionary cash bonus plan.

When was the original plan approved, and when is the new plan effective until?

The original 2010 Executive Annual Discretionary Award Plan was approved on December 16, 2009. The Amended and Restated Plan extends the term to March 31, 2016.

XEL/XELLL 8-K: Leadership Changes

Summary

Xcel Energy Inc. (XEL) filed an 8-K on December 20, 2010, to report an amendment to its executive annual discretionary award plan. The board of directors approved the Amended and Restated Executive Annual Discretionary Award Plan on December 15, 2010. This amended plan essentially restates the 2010 Executive Annual Discretionary Award Plan, with the primary change being an extension of the plan's term. The original plan was approved on December 16, 2009, and the amended plan now extends its validity to March 31, 2016.

Key Highlights

1Xcel Energy's Board of Directors approved an Amended and Restated Executive Annual Discretionary Award Plan on December 15, 2010.
2The Amended and Restated Plan extends the term of the previous 2010 Executive Annual Discretionary Award Plan.
3The plan's term has been extended from its original expiration to March 31, 2016.
4The terms of the Amended and Restated Plan remain largely unchanged from the original 2010 Plan.
5The Amended and Restated Plan is a discretionary cash bonus plan for executives.

XCEL ENERGY INC 8-K Report, Executive Changes (Dec 20, 2010)

Summary

Key Highlights

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