Item 8.01. Other Events.

On Nov. 12, 2009, Southwestern Public Service (SPS), a New Mexico corporation, and a wholly owned subsidiary of Xcel Energy Inc., entered into a definitive agreement for the sale of certain SPS electric distribution assets located in Lubbock, Texas to Lubbock Power & Light (LP&L). SPS provides electric services to approximately 24,000 customers in Lubbock. The transaction is subject to Federal and State regulatory approvals and is expected to close in the fourth quarter of 2010. The sales price of the distribution assets to be sold is approximately $87 million. Any potential gain on the sale of the distribution assets is expected to be shared with SPS customers.

Except for the historical statements contained in this 8-K, the matters discussed herein, are forward-looking statements that are subject to certain risks, uncertainties and assumptions. Such forward-looking statements may be identified in this document by the words "would," "believe," "estimate," "expect," "likely," "may," "possible," "potential," "should" and similar expressions. Actual results may vary materially. Forward-looking statements speak only as of the date they are made, and we do not undertake any obligation to update them to reflect changes that occur after that date. Factors that could cause actual results to differ materially include, but are not limited to:
general economic conditions, including the availability of credit and its impact on capital expenditures and the ability of Xcel Energy and its subsidiaries to obtain financing on favorable terms; business conditions in the energy industry; actions of credit rating agencies; competitive factors, including the extent and timing of the entry of additional competition in the markets served by Xcel Energy and its subsidiaries; unusual weather; effects of geopolitical events, including war and acts of terrorism; state, federal and foreign legislative and regulatory initiatives that affect cost and investment recovery, have an impact on rates or have an impact on asset operation or ownership; structures that affect the speed and degree to which competition enters the electric and natural gas markets; costs and other effects of legal and administrative proceedings, settlements, investigations and claims; actions of accounting regulatory bodies; and the other risk factors listed from time to time by Xcel Energy and SPS in reports filed with the Securities and Exchange Commission (SEC), including Risk Factors in Item 1A and Exhibit 99.01 of each of Xcel Energy's and SPS's Annual Report on Form 10-K for the year ended Dec. 31, 2008 and Quarterly Report on Form 10-Q for the quarter ended June 30, 2009 and Sept. 30, 2009.

---