Xcel Energy 2009 Annual Report Download - page 160
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Item 9 — Changes in and Disagreements with Accountants on Accounting and
Financial Disclosure
During 2008 and 2009, 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, 2009, based on an evaluation carried out under the supervision and with the
participation of Xcel Energy’s management, including the CEO and 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 were
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, 2009 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.
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