Xcel Energy 2008 Annual Report Download - page 12

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TABLE OF CONTENTS
Index
PART I Item 1 — Business .............................................................. 3
DEFINITION OF ABBREVIATIONS AND INDUSTRY TERMS ....................... 3
COMPANY OVERVIEW ................................................. 6
ELECTRIC UTILITY OPERATIONS ......................................... 8
Electric Utility Trends .................................................. 8
NSP-Minnesota ...................................................... 9
NSP-Wisconsin ...................................................... 16
PSCo ............................................................ 17
SPS ............................................................. 21
Xcel Energy Electric Operating Statistics ....................................... 27
NATURAL GAS UTILITY OPERATIONS ....................................... 28
Natural Gas Utility Trends ............................................... 28
NSP-Minnesota ...................................................... 28
NSP-Wisconsin ...................................................... 29
PSCo ............................................................ 30
Xcel Energy Natural Gas Operating Statistics .................................... 32
ENVIRONMENTAL MATTERS .............................................. 32
CAPITAL SPENDING AND FINANCING ....................................... 32
EMPLOYEES .......................................................... 33
EXECUTIVE OFFICERS .................................................. 33
Item 1A — Risk Factors ........................................................... 35
Item 1B — Unresolved SEC Staff Comments .............................................. 41
Item 2 — Properties ............................................................. 42
Item 3 — Legal Proceedings ........................................................ 44
Item 4 — Submission of Matters to a Vote of Security Holders .................................. 45
PART II Item 5 — Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity
Securities ............................................................ 46
Item 6 — Selected Financial Data .................................................... 47
Item 7 — Management’s Discussion and Analysis of Financial Condition and Results of Operations ........... 48
Item 7A — Quantitative and Qualitative Disclosures about Market Risk .............................. 78
Item 8 — Financial Statements and Supplementary Data ...................................... 79
Item 9 — Changes in and Disagreements with Accountants on Accounting and Financial Disclosure ........... 149
Item 9A — Controls and Procedures .................................................... 149
Item 9B — Other Information ....................................................... 150
PART III Item 10 — Directors, Executive Officers, and Corporate Governance ................................ 150
Item 11 — Executive Compensation .................................................... 150
Item 12 — Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters .... 150
Item 13 — Certain Relationships, Related Transactions, and Director Independence ...................... 150
Item 14 — Principal Accounting Fees and Services ........................................... 150
PART IV Item 15 — Exhibits, Financial Statement Schedules .......................................... 151
SIGNATURES ......................................................................... 160
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