Xcel Energy 2012 Annual Report Download - page 44

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R. Roy Palmer, 54, Senior Vice President, Public Policy and External Affairs, Xcel Energy Services Inc., September 2011 to
present. Previously, Vice President, Federal and State Government Affairs, Xcel Energy Services Inc., January 2009 to September
2011; Managing Director, Government and Regulatory Affairs, Xcel Energy Services, Inc., November 2007 to January 2009;
Executive Director, State Public Affairs, Xcel Energy Services Inc., April 2005 to November 2007; and Director, Regional
Government Affairs, Xcel Energy Services Inc., March 2004 to April 2005.
Judy M. Poferl, 52, President, Director and Chief Executive Officer, NSP-Minnesota, August 2009 to present. Previously,
Regional Vice President, NSP-Minnesota, September 2008 to August 2009; Managing Director, Government and Regulatory
Affairs, Xcel Energy Services Inc., November 2007 to September 2008; and Director, Regulatory Administration, Xcel Energy
Services Inc., August 2000 to November 2007.
Jeffrey S. Savage, 41, Vice President and Controller, Xcel Energy Inc., September 2011 to present. Previously, Senior Director,
Financial Reporting, Corporate and Technical Accounting, Xcel Energy Services Inc., December 2009 to September 2011;
Director, Financial Reporting and Technical Accounting, Xcel Energy Services Inc., March 2007 to December 2009; and
Director, Financial Reporting and Technical Accounting, The Mosaic Company, January 2006 to March 2007.
David M. Sparby, 58, Senior Vice President and Group President, Xcel Energy Services Inc., September 2011 to present.
Previously, Vice President and Chief Financial Officer, Xcel Energy Inc., August 2009 to September 2011; 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.
Mark E. Stoering, 52, President, Director and Chief Executive Officer, NSP-Wisconsin, January 2012 to present. Previously, Vice
President, Portfolio Strategy and Business Development, Xcel Energy Services Inc., August 2000 to December 2011.
George E. Tyson, II, 47, 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 Services Inc., May 2002 to July 2003; and Associate and Vice President, Deutsche Bank Securities, December 1996 to
April 2002.
Scott M. Wilensky, 56, Senior Vice President and General Counsel, Xcel Energy Inc., September 2011 to present. Previously,
Vice President, Regulatory and Resource Planning, Xcel Energy Services Inc., September 2009 to September 2011; Vice
President, Government and Regulatory Affairs, Xcel Energy Services Inc., August 2008 to September 2009; Executive Director,
Revenue, Xcel Energy Services Inc., March 2006 to August 2008; Director, State Public Affairs, Xcel Energy Services Inc.,
November 2001 to March 2006; Assistant General Counsel, Xcel Energy Services Inc., August 2001 to November 2001; and
Senior Attorney, Xcel Energy Services Inc., December 1998 to August 2001.
No family relationships exist between any of the executive officers or directors.
Item 1A — Risk Factors
Like other companies in our industry, Xcel Energy is subject to a variety of risks, many of which are beyond our control.
Important risks that may adversely affect the business, financial condition, and results of operations are further described below.
These risks should be carefully considered together with the other information set forth in this report and in future reports that
Xcel Energy files with the SEC.
There may be further risks and uncertainties that are not presently known or are not currently believed to be material that may
adversely affect our performance or financial condition in the future.
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.
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. Many of these risks
are cross-cutting risks such that these risks 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.