Xcel Energy 2009 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 ................................................. 7
ELECTRIC UTILITY OPERATIONS ......................................... 9
Electric Utility Trends .................................................. 9
NSP-Minnesota ...................................................... 10
NSP-Wisconsin ...................................................... 16
PSCo ............................................................ 18
SPS ............................................................. 21
Xcel Energy Electric Operating Statistics ....................................... 26
NATURAL GAS UTILITY OPERATIONS ...................................... 27
Natural Gas Utility Trends ............................................... 27
NSP-Minnesota ...................................................... 27
NSP-Wisconsin ...................................................... 28
PSCo ............................................................ 29
Xcel Energy Natural Gas Operating Statistics .................................... 31
ENVIRONMENTAL MATTERS ............................................ 31
CAPITAL SPENDING AND FINANCING ..................................... 31
EMPLOYEES ......................................................... 32
EXECUTIVE OFFICERS ................................................. 32
Item 1A — Risk Factors ........................................................... 34
Item 1B — Unresolved 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 ............................................................ 45
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 .............................. 80
Item 8 — Financial Statements and Supplementary Data ...................................... 80
Item 9 — Changes in and Disagreements with Accountants on Accounting and Financial Disclosure ........... 150
Item 9A — Controls and Procedures .................................................... 150
Item 9B — Other Information ....................................................... 150
PART III Item 10 — Directors, Executive Officers and Corporate Governance ................................ 151
Item 11 — Executive Compensation .................................................... 151
Item 12 — Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters .... 151
Item 13 — Certain Relationships and Related Transactions, and Director Independence .................... 151
Item 14 — Principal Accountant Fees and Services ........................................... 151
PART IV Item 15 — Exhibits and Financial Statement Schedules ........................................ 152
SIGNATURES ......................................................................... 160
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