Xcel Energy 2007 Annual Report Download - page 39

ENVIRONMENTAL MATTERS
Certain of Xcel Energy’s subsidiary facilities are regulated by federal and state environmental agencies. These agencies
have jurisdiction over air emissions, water quality, wastewater discharges, solid wastes and hazardous substances. Various
company activities require registrations, permits, licenses, inspections and approvals from these agencies. Xcel Energy has
received all necessary authorizations for the construction and continued operation of its generation, transmission and
distribution systems. Company facilities have been designed and constructed to operate in compliance with applicable
environmental standards.
Xcel Energy and its subsidiaries strive to comply with all environmental regulations applicable to its operations.
However, it is not possible to determine when or to what extent additional facilities or modifications of existing or
planned facilities will be required as a result of changes to environmental regulations, interpretations or enforcement
policies or, what effect future laws or regulations may have upon Xcel Energy’s operations. For more information on
environmental contingencies, see Notes 15 and 16 to the consolidated financial statements, environmental matters in
Management’s Discussion and Analysis under Item 7 and the matters discussed below.
Leyden Natural Gas Storage Facility (Leyden) — In February 2001, the CPUC approved PSCo’s plan to abandon
Leyden after 40 years of operation. In July 2001, the CPUC decided that the recovery of all Leyden costs would be
addressed in a future rate proceeding when all costs were known. The final report of post closure monitoring will be
filed with the Colorado Oil and Gas Conservation Commission in early 2008. As of Dec. 31, 2005, PSCo had
incurred approximately $5.7 million of costs associated with engineering buffer studies, damage claims paid to
landowners and other initial closure costs. PSCo accrued an additional $0.2 million of costs through 2006 to complete
the decommissioning and closure of the facility. In November 2006, PSCo filed a natural gas rate case with the CPUC
requesting recovery of additional Leyden costs, plus unrecovered amounts authorized from a previous rate case, which
amounted to $5.9 million to be amortized over four years. The total amount PSCo requested to be recovered from
customers was $7.7 million. Xcel Energy reached a settlement agreement with the parties in the 2006 rate case
accepting the PSCo recovery amounts. The CPUC approved the settlement agreement in June 2007.
CAPITAL SPENDING AND FINANCING
For a discussion of expected capital expenditures and funding sources, see Management’s Discussion and Analysis under
Item 7.
EMPLOYEES
The number of full-time Xcel Energy employees in continuing operations at Dec. 31, 2007, is presented in the table
below. Of the full-time employees listed below, 5,663, or 52 percent, are covered under collective bargaining
agreements. See Note 10 in the consolidated financial statements for further discussion of the bargaining agreements.
NSP-Minnesota ........................................................... 3,561
NSP-Wisconsin ........................................................... 543
PSCo ................................................................. 2,734
SPS .................................................................. 1,145
Xcel Energy Services Inc ..................................................... 2,934
Total ................................................................. 10,917
EXECUTIVE OFFICERS
Richard C. Kelly, 61, Chairman of the Board, Xcel Energy Inc., December 2005 to present; Chief Executive Officer,
Xcel Energy Inc., July 2005 to present; President, Xcel Energy Inc., October 2003 to present. Previously, Chief
Operating Officer, Xcel Energy Inc., October 2003 to June 2005, Vice President and Chief Financial Officer, Xcel
Energy Inc., August 2002 to October 2003 and President — Enterprises Business Unit, Xcel Energy, August 2000 to
August 2002.
Paul J. Bonavia, 56, President — Utilities Group, Xcel Energy Inc., November 2005 to present; Vice President, Xcel
Energy Services Inc., September 2000 to present. Previously, President — Commercial Enterprises Business Unit, Xcel
Energy, December 2003 to October 2005 and President — Energy Markets Business Unit, Xcel Energy, August 2000 to
December 2003.
Michael C. Connelly, 46, Vice President and General Counsel, Xcel Energy Inc., June 2007 to present. Previously, Vice
President of Human Resources November 2005 to June 2007; Vice President and Deputy General Counsel January
2003 to November 2005; Deputy General Counsel August 2000 to January 2003.
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