Business: Xcel Energy Inc 6.25% Junior Subordinated Notes Due 10/15/2085, issued in $25 denominations, redeemable at the issuer's option on or after 10/15/2030 at $25 per note plus accrued and unpaid interest, and maturing 10/15/2085. <p> Interest distributions of 6.25% ($1.5625 per annum or $0.390625 per quarter) per annum are paid quarterly on 1/15, 4/15, 7/15 & 10/15 to holders of record on the business day immediately preceding the payment date (NOTE: the ex-dividend date is the record date). <p> Distributions paid by these debt securities are interest and as such are NOT eligible for the preferential 15% to 20% tax rate on dividends and are also NOT eligible for the dividend received deduction for corporate holders. <p> The company has the right, at any time, to defer dividend payments for up to 10 consecutive years (but not beyond the maturity date). <p> This security is possibly subject to an early call before 10/15/2030 at $25.00 (100%) of their principal amount plus accrued and unpaid interest within 90 days of a tax event; before 10/15/2030 at $25.50 (102%) of their principal amount plus accrued and unpaid interest within 90 days of the occurrence of a rating agency event (see prospectus for further information). <p> Units are expected to trade flat, which means accrued interest will be reflected in the trading price and the purchasers will not pay and the sellers will not receive any accrued and unpaid interest. This security was rated as Baa2 by Moody’s and BBB- by S&P at the date of its IPO. The Notes are unsecured, junior subordinated obligations of the company and are unsecured, subordinated obligations of the company and will rank junior to the company's senior debt, junior to unsecured, subordinated indebtedness of the company and will rank equally with all existing and future unsecured, junior subordinated of the company. See the IPO prospectus for further information on the debt securities by clicking on the ‘Link to IPO Prospectus’ provided below.