EX-10.02 3 exhibit1002q22025.htm EX-10.02
Exhibit 10.02
Twelfth Amendment
to the
Xcel Energy Senior Executive Severance and Change-In-Control Policy
THIS TWELFTH AMENDMENT is made this 15 day of June, 2025, by Xcel Energy Inc. (the “Principal Sponsor”).
WITNESSETH:
WHEREAS, the Principal Sponsor maintains the Xcel Energy Senior Executive Severance and Change-In-Control Policy (the “Policy”), and
WHEREAS, the Board of Directors of the Principal Sponsor (the “Board”) has reserved the right to make amendments to the Policy, and
WHEREAS, the Governance, Compensation and Nominating Committee of the Board of Directors of the Principal Sponsor (the “Committee”) has reserved the right to appoint or remove Participants under the Policy, and
WHEREAS, the Committee wishes to amend the Policy in certain respects to add a Participant to Schedule I to be effective June 16, 2025.
NOW, THEREFORE, the Policy is hereby amended as follows:
1. Schedule I - Participants: Schedule I to the Policy is hereby amended to add Ryan Long to the Schedule as a Tier I Participant as follows:

Name | Tier | Severance Multiple | Change-in-Control Multiple
Ryan Long | 1 | 1 | 3

1. Savings Clause. Except as hereinabove set forth, the Xcel Energy Senior Executive Severance and Change-In-Control Policy shall continue in full force and effect.
IN WITNESS WHEREOF, Xcel Energy Inc. has caused this instrument to be enacted by its duly authorized officer as of the date set forth to be effective June 16, 2025.
XCEL ENERGY INC.
By: /s/ Patricia Correa
Its: Senior Vice President, Chief Human Resources Officer