Xcel Energy 2010 Annual Report Download - page 10

Download and view the complete annual report

Please find page 10 of the 2010 Xcel Energy annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 172

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153
  • 154
  • 155
  • 156
  • 157
  • 158
  • 159
  • 160
  • 161
  • 162
  • 163
  • 164
  • 165
  • 166
  • 167
  • 168
  • 169
  • 170
  • 171
  • 172

example of our dedication to
community building.
Last year was no exception.
Employees and retirees pledged
$2.7 million to local United Way
organizations, which the company
matched for a total of $5.4 million.
The company also matches
individual employee contributions
to qualifying nonprofit organizations
and educational institutions.
We support employee
volunteerism by offering paid
time off for volunteering and
contributing $10 for every hour
an employee volunteers, up to
100 hours a year. For groups
of six or more employees, we
make a donation of $500 to the
associated nonprofit organization
in appreciation of the group’s
volunteer efforts.
Xcel Energy also contributes
more than $10 million every year
toward energy payment assistance
organizations in our service territory.
Lasting value
Moving forward, we will rely
on the qualities that have always
sustained us: solid financials,
operational excellence and
strong commitments to
environmental leadership
and healthy communities.
Our employees, who are the
best in the industry, will continue to
work hard for customers, providing
them reliable energy at a reasonable
cost. All of those efforts will build
lasting value for you.
Finally, we’d like to thank three
Xcel Energy board members who
retired in 2010: Coney Burgess,
Margaret Preska and Richard Truly.
We appreciate their many years of
service and wish them well.
We also are grateful for your
ongoing support and trust in us.
Rest assured that we will work
diligently to keep earning your
respect and confidence.
Sincerely,
Richard C. Kelly
Chairman and CEO
Ben Fowke
President and COO
We invite you to view BUILT TO LAST, a DVD that features Xcel Energy
employees who are committed to environmental leadership, operational
excellence, their customers and their communities. The DVD also includes
profiles of Chairman and CEO Dick Kelly, President and COO Ben Fowke
and Vice President and CFO Dave Sparby.
Xcel Energy’s Jerome Davis,
regional vice president in Colorado,
is one of many employees who
help the company build strong
relationships with the community.