Xcel Energy 2010 Annual Report Download - page 44

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Benjamin G.S. Fowke, III, 52, President and Chief Operating Officer, Xcel Energy Inc., August 2009 to present. Previously
Executive Vice President and Chief Financial Officer, Xcel Energy Inc., December 2008 to August 2009; Vice President and
Chief Financial Officer, Xcel Energy Inc., May 2004 to December 2008; Vice President, Chief Financial Officer and Treasurer,
Xcel Energy Inc. October 2003 to May 2004; Vice President, and Treasurer Xcel Energy Inc., November 2002 to October 2003;
and Vice President and Chief Financial Officer, Energy Markets Business Unit, Xcel Energy Inc., August 2000 to
November 2002.
Cathy J. Hart, 61, Vice President and Corporate Secretary, Xcel Energy Inc., August 2000 to present; Vice President, Corporate
Services Group, Xcel Energy Inc., November 2005 to present.
C. Riley Hill, 51, President, Director and Chief Executive Officer, SPS, November 2009 to present. Previously, Vice President
and Chief Operating Officer, SPS, July 2009 to November 2009; Regional Vice President, Xcel Energy Services Inc., November
2007 to July 2009; Vice President, Construction, Operations and Maintenance, PSCo, February 2006 to November 2007 and
Director Design and Construction, PSCo, March 2004 to February 2006.
Teresa S. Madden, 54, Vice President and Controller, Xcel Energy Inc., January 2004 to present. Previously, Vice President of
Finance, Customer and Field Operations Business Unit, Xcel Energy Inc., August 2003 to January 2004; Interim CFO, Rogue
Wave Software, Inc., February 2003 to July 2003 and Corporate Controller, Rogue Wave Software, Inc., October 2000 to
February 2003.
Marvin E. McDaniel, 50, Vice President and Chief Administrative Officer, Xcel Energy Services Inc., August, 2009 to present
and Vice President, Talent and Technology Business Areas, Xcel Energy Inc., August 2009 to present. Previously, Vice
President, Human Resources, July 2007 to August 2009; Vice President and Assistant Controller, March 2005 to June 2007, Xcel
Energy Services Inc. and Vice President and Controller Energy Markets Business Unit, Xcel Energy Services Inc., February 2004
to February 2005.
Judy M. Poferl, 50, President, Director and Chief Executive Officer, NSP-Minnesota, August 2009 to present. Previously,
Regional Vice President, September 2008 to August 2009; Managing Director, Government and Regulatory Affairs, November
2007 to September 2008 and Director, Regulatory Administration, August 2000 to November 2007.
David M. Sparby, 56, Vice President and Chief Financial Officer, Xcel Energy Inc., August 2009 to present. Previously President,
Director and Chief Executive Officer, NSP-Minnesota, August 2008 to August 2009; Executive Vice President and Director,
Acting President and Chief Executive Officer, NSP-Minnesota, January 2007 to August 2008 and Vice President, Government
and Regulatory Affairs, Xcel Energy Services Inc., September 2000 to January 2007.
Michael L. Swenson, 60, President, Director and Chief Executive Officer, NSP-Wisconsin, February 2002 to present. Previously,
State Vice President for North Dakota and South Dakota, August 2000 to February 2002.
George E. Tyson II, 45, Vice President and Treasurer, Xcel Energy Inc., May 2004 to present. Previously, Managing Director and
Assistant Treasurer, Xcel Energy Inc., July 2003 to May 2004; Director of Origination, Energy Markets Business Unit, Xcel
Energy Inc., May 2002 to July 2003 and Associate and Vice President, Deutsche Bank Securities, December 1996 to April 2002.
No family relationships exist between any of the executive officers or directors.
Item 1A — Risk Factors
Oversight of Risk and Related Processes
The goal of Xcel Energy’s risk management process is to understand, manage and, when possible, mitigate material risk. Xcel
Energy management is responsible for identifying and managing risks, while the Board of Directors oversees and holds
management accountable. As described more fully below, Xcel Energy is faced with a number of different types of risk. Xcel
Energy confronts legislative and regulatory policy and compliance risks, including risks related to climate change and emission of
CO2; risks for recovery of capital and operating costs; resource planning and other long-term planning risks, including resource
acquisition risks; financial risks, including credit, interest rate and capital market risks; and macroeconomic risks, including risks
related to economic conditions and changes in demand for Xcel Energy’s products and services. Cross-cutting risks such as these
are discussed and managed across business areas and coordinated by Xcel Energy’s senior management. Our risk management
process has three parts: identification and analysis, management and mitigation and communication and disclosure.