QuickLinks -- Click here to rapidly navigate through this documentSenior Executive Severance Policy • March 27th, 2001 • Xcel Energy Inc • Electric & other services combined
Northern States Power Company, a Minnesota corporation ("NSP") and New Century Energies, Inc., a Delaware corporation ("NCE") entered into an Agreement and Plan of Merger dated as of March 24, 1999 (the "Merger Agreement"), whereby the NSP and NCE organizations agreed to engage in a merger-of-equals transaction (the "Combination"). In recognition of the pendency of the Combination, and the inevitable adjustments that occur during the transition period following the Combination, NSP and NCE each adopted a senior executive severance policy.
