Xcel Energy 2007 Annual Report Download - page 12

Download and view the complete annual report

Please find page 12 of the 2007 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 156

  • 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

TABLE OF CONTENTS
Index
PART I Item 1 — Business .............................................................. 3
DEFINITION OF ABBREVIATIONS AND INDUSTRY TERMS ....................... 3
COMPANY OVERVIEW ................................................. 6
ELECTRIC UTILITY OPERATIONS ......................................... 8
Electric Utility Trends .................................................. 8
NSP-Minnesota ...................................................... 10
NSP-Wisconsin ...................................................... 17
PSCo ............................................................ 18
SPS ............................................................. 21
Electric Operating Statistics ............................................... 24
NATURAL GAS UTILITY OPERATIONS ....................................... 25
Natural Gas Utility Trends ............................................... 25
NSP-Minnesota ...................................................... 25
NSP-Wisconsin ...................................................... 26
PSCo ............................................................ 27
Natural Gas Operating Statistics ............................................ 28
ENVIRONMENTAL MATTERS .............................................. 29
CAPITAL SPENDING AND FINANCING ....................................... 29
EMPLOYEES .......................................................... 29
EXECUTIVE OFFICERS .................................................. 29
Item 1A — Risk Factors ........................................................... 31
Item 1B — Unresolved SEC Staff Comments .............................................. 36
Item 2 — Properties ............................................................. 37
Item 3 — Legal Proceedings ........................................................ 39
Item 4 — Submission of Matters to a Vote of Security Holders .................................. 39
PART II Item 5 — Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity 40
Securities ............................................................
Item 6 — Selected Financial Data .................................................... 41
Item 7 — Management’s Discussion and Analysis of Financial Condition and Results of Operations ........... 42
Item 7A — Quantitative and Qualitative Disclosures about Market Risk .............................. 68
Item 8 — Financial Statements and Supplementary Data ...................................... 69
Item 9 — Changes in and Disagreements with Accountants on Accounting and Financial Disclosure ........... 131
Item 9A — Controls and Procedures .................................................... 131
Item 9B — Other Information ....................................................... 131
PART III Item 10 — Directors, Executive Officers, and Corporate Governance ................................ 131
Item 11 — Executive Compensation .................................................... 131
Item 12 — Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters .... 131
Item 13 — Certain Relationships, Related Transactions, and Director Independence ...................... 132
Item 14 — Principal Accounting Fees and Services ........................................... 132
PART IV Item 15 — Exhibits, Financial Statement Schedules .......................................... 133
SIGNATURES ......................................................................... 143
2