Xcel Energy 2007 Annual Report Download - page 141

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Item 9 — Changes in and Disagreements With Accountants on Accounting and
Financial Disclosure
During 2006 and 2007, and through the date of this report, there were no disagreements with the independent public
accountants on accounting principles or practices, financial statement disclosures, or auditing scope or procedures.
Item 9A — Controls and Procedures
Disclosure Controls and Procedures
Xcel Energy maintains a set of disclosure controls and procedures designed to ensure that information required to be
disclosed in reports that it files or submits under the Securities Exchange Act of 1934 is recorded, processed,
summarized and reported within the time periods specified in SEC rules and forms. In addition, the disclosure controls
and procedures ensure that information required to be disclosed is accumulated and communicated to management,
including the chief executive officer (CEO) and chief financial officer (CFO), allowing timely decisions regarding
required disclosure. As of Dec. 31, 2007, based on an evaluation carried out under the supervision and with the
participation of Xcel Energy’s management, including the CEO and the CFO, of the effectiveness of its disclosure
controls and the procedures, the CEO and CFO have concluded that Xcel Energy’s disclosure controls and procedures
are effective.
Internal Controls Over Financial Reporting
No change in Xcel Energy’s internal control over financial reporting has occurred during the most recent fiscal quarter
that has materially affected, or is reasonably likely to materially affect, Xcel Energy’s internal control over financial
reporting. Xcel Energy maintains internal control over financial reporting to provide reasonable assurance regarding the
reliability of the financial reporting. Xcel Energy has evaluated and documented its controls in process activities, in
general computer activities, and on an entity-wide level. During the year and in preparation for issuing its report for
the year ended Dec. 31, 2007 on internal controls under section 404 of the Sarbanes-Oxley Act of 2002, Xcel Energy
conducted testing and monitoring of its internal control over financial reporting. Based on the control evaluation,
testing and remediation performed, Xcel Energy did not identify any material control weaknesses, as defined under the
standards and rules issued by the Public Company Accounting Oversight Board (PCAOB) and as approved by the SEC
and as indicated in Management Report on Internal Controls herein.
Item 9B — Other Information
None.
PART III
Item 10 — Directors, Executive Officers, and Corporate Governance
Information required under this Item with respect to directors is set forth in Xcel Energy’s Proxy Statement for its 2008
Annual Meeting of Shareholders, which is incorporated by reference. Information with respect to Executive Officers is
included in Item 1 to this report.
Item 11 — Executive Compensation
Information required under this Item is set forth in Xcel Energy’s Proxy Statement for its 2008 Annual Meeting of
Shareholders, which is incorporated by reference.
Item 12 — Security Ownership of Certain Beneficial Owners and Management and
Related Stockholder Matters
Information concerning the security ownership of the directors and officers of Xcel Energy and securities authorized for
issuance under equity compensation plans is contained in Xcel Energy’s Proxy Statement for its 2008 Annual Meeting
of Shareholders which is incorporated by reference.
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