Xcel Energy Board Elects New Board Member
David K. Owens has been elected to Xcel Energy’s board of directors effective immediately. An executive with extensive
experience in public policies concerning energy and utility operations, Owens is recognized as an industry expert on business
transformation.
After 36 years of service, Owens recently retired from the Edison Electric Institute, the association representing all U.S.
investor-owned electric companies. He served as an Executive Vice President with EEI and was the first African-American to hold an
officer title with the organization. Owens guided the association on issues affecting the future structure of the electric industry
and the new rules in evolving competitive markets. He also spearheaded efforts to invest in the nation’s electric infrastructure
with new technology enhancing energy efficiency with smart buildings, smart meters and smart grids.
“We welcome David to the board and look forward to the contributions he will make as a member of our tremendously talented team
of directors,” said Ben Fowke, chairman, president and CEO of Xcel Energy. “David’s forward-thinking approach, extensive public
policy experience and knowledge of innovative technologies will serve Xcel Energy well.”
Before joining EEI, Owens served as Chief Engineer for the Division of Rates and Corporate Regulation with the Securities and
Exchange Commission where he actively participated in landmark proceedings involving utility mergers, electric integration issues
and utility financial disclosure.
A driving force behind the founding of the American Association of Blacks in Energy, Owens has mentored generations of young men
and women pursuing careers in energy. He served on Boards of the National Academy of Sciences and chaired the National Institute of
Standards and Technology Smart Grid Advisory Committee. Owens is a graduate of Howard University with a Bachelor and Masters of
Engineering degrees, as well as a Masters in Engineering Administration from George Washington University.
About Xcel Energy
Xcel Energy (NYSE: XEL) provides the energy that powers millions of homes and businesses across eight Western and Midwestern
states. Headquartered in Minneapolis, the company is an industry leader in responsibly reducing carbon emissions and producing and
delivering clean energy solutions from a variety of renewable sources at competitive prices. For more information, visit xcelenergy.com or follow us on Twitter and Facebook.
Xcel Energy Media Relations, 612-215-5300
www.xcelenergy.com
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