Xcel Energy 2014 Annual Report Download - page 167

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Reclassifications from accumulated other comprehensive loss for the years ended Dec. 31, 2014 and 2013 were as follows:
Amounts Reclassified from Accumulated
Other Comprehensive Loss
(Thousands of Dollars) Year Ended Dec. 31, 2014 Year Ended Dec. 31, 2013
(Gains) losses on cash flow hedges:
Interest rate derivatives . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 3,836 (a) $ 4,107 (a)
Vehicle fuel derivatives . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (55)(b) (90) (b)
Total, pre-tax. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3,781 4,017
Tax benefit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (1,493) (2,541)
Total, net of tax. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,288 1,476
Defined benefit pension and postretirement (gains) losses:
Amortization of net loss. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5,998 (c) 7,077 (c)
Prior service (credit) cost . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (344)(c) 372 (c)
Transition obligation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . — (c) 8(c)
Total, pre-tax. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5,654 7,457
Tax benefit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (2,159) (4,151)
Total, net of tax. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3,495 3,306
Total amounts reclassified, net of tax . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 5,783 $ 4,782
(a) Included in interest charges.
(b) Included in O&M expenses.
(c) Included in the computation of net periodic pension and postretirement benefit costs. See Note 9 for details regarding these benefit plans.
17. Segments and Related Information
The regulated electric utility operating results of NSP-Minnesota, NSP-Wisconsin, PSCo and SPS, as well as the regulated natural gas
utility operating results of NSP-Minnesota, NSP-Wisconsin and PSCo are each separately and regularly reviewed by Xcel Energy’s
chief operating decision maker. Xcel Energy evaluates performance by each utility subsidiary based on profit or loss generated from
the product or service provided. These segments are managed separately because the revenue streams are dependent upon regulated
rate recovery, which is separately determined for each segment.
Xcel Energy has the following reportable segments: regulated electric utility, regulated natural gas utility and all other.
• Xcel Energy’s regulated electric utility segment generates, transmits and distributes electricity in Minnesota, Wisconsin,
Michigan, North Dakota, South Dakota, Colorado, Texas and New Mexico. In addition, this segment includes sales for resale
and provides wholesale transmission service to various entities in the United States. Regulated electric utility also includes
commodity trading operations.
• Xcel Energy’s regulated natural gas utility segment transports, stores and distributes natural gas primarily in portions of
Minnesota, Wisconsin, North Dakota, Michigan and Colorado.
• Revenues from operating segments not included above are below the necessary quantitative thresholds and are therefore
included in the all other category. Those primarily include steam revenue, appliance repair services, nonutility real estate
activities, revenues associated with processing solid waste into refuse-derived fuel and investments in rental housing projects
that qualify for low-income housing tax credits.
Xcel Energy had equity investments in unconsolidated subsidiaries of $83.1 million and $87.1 million as of Dec. 31, 2014 and 2013,
respectively, included in the regulated natural gas utility segment.
Asset and capital expenditure information is not provided for Xcel Energy’s reportable segments because as an integrated electric and
natural gas utility, Xcel Energy operates significant assets that are not dedicated to a specific business segment, and reporting assets
and capital expenditures by business segment would require arbitrary and potentially misleading allocations which may not
necessarily reflect the assets that would be required for the operation of the business segments on a stand-alone basis.
To report income from operations for regulated electric and regulated natural gas utility segments, the majority of costs are directly
assigned to each segment. However, some costs, such as common depreciation, common O&M expenses and interest expense are
allocated based on cost causation allocators. A general allocator is used for certain general and administrative expenses, including
office supplies, rent, property insurance and general advertising.
The accounting policies of the segments are the same as those described in Note 1.