Xcel Energy 2004 Annual Report Download - page 9

Download and view the complete annual report

Please find page 9 of the 2004 Xcel Energy annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 90

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90

Xcel Energy Annual Report 2004
7
designed to build value for you
final thoughts
Looking back on 2004, we realize some things haven’t changed.
Congress still needs to pass comprehensive energy legislation and an environmental
policy that will give utilities like Xcel Energy more certainty about regulations and the
fl exibility to meet those requirements. We told you that last year and we’ll say it again.
Employees continue to impress us with their safe work ethic, commitment to customers
and willingness to help others – whether those people are community members,
Florida hurricane victims, our troops overseas or tsunami survivors. Our optimism
for the future is based in large part on the fact that we have excellent employees.
Finally, we remain grateful for the trust you continue to have in Xcel Energy. As you
know by now, our strategy is simple, straightforward and designed to build value for
you. Our promise is to continue to work hard to meet that goal.
We’d like to close by thanking W. Thomas Stephens and David A. Christensen for
their years of service on our board of directors. Tom, who resigned in October 2004,
had been a member of the Xcel Energy board and those of predecessor companies
since 1989. Dave, who will retire in May, has been a member of the Xcel Energy
board and a predecessor company since 1976.
Sincerely,
Wayne H. Brunetti
Chairman and Chief Executive Offi cer
Richard C. Kelly
President and Chief Operating Offi cer