Xcel Energy 2013 Annual Report Download - page 93

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75
Management Report on Internal Controls Over Financial Reporting
The management of Xcel Energy Inc. is responsible for establishing and maintaining adequate internal control over financial
reporting. Xcel Energy Inc.’s internal control system was designed to provide reasonable assurance to Xcel Energy Inc.’s management
and board of directors regarding the preparation and fair presentation of published financial statements.
All internal control systems, no matter how well designed, have inherent limitations. Therefore, even those systems determined to be
effective can provide only reasonable assurance with respect to financial statement preparation and presentation.
Xcel Energy Inc. management assessed the effectiveness of Xcel Energy Inc.’s internal control over financial reporting as of Dec. 31,
2013. In making this assessment, it used the criteria set forth by the Committee of Sponsoring Organizations of the Treadway
Commission (COSO) in Internal Control — Integrated Framework (1992). Based on our assessment, we believe that, as of Dec. 31,
2013, Xcel Energy Inc.’s internal control over financial reporting is effective at the reasonable assurance level based on those criteria.
Xcel Energy Inc.’s independent auditors have issued an audit report on the Xcel Energy Inc.’s internal control over financial reporting.
Their report appears herein.
/s/ BENJAMIN G.S. FOWKE III /s/ TERESA S. MADDEN
Benjamin G.S. Fowke III Teresa S. Madden
Chairman, President and Chief Executive Officer Senior Vice President and Chief Financial Officer
Feb. 21, 2014 Feb. 21, 2014