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Xcel Energy Inc – ‘10-K’ for 12/31/09 – ‘XML.R23’

On:  Friday, 2/26/10, at 4:23pm ET   ·   For:  12/31/09   ·   Accession #:  1047469-10-1536   ·   File #:  1-03034

Previous ‘10-K’:  ‘10-K’ on 2/27/09 for 12/31/08   ·   Next:  ‘10-K’ on 2/28/11 for 12/31/10   ·   Latest:  ‘10-K’ on 2/21/24 for 12/31/23   ·   2 References:   

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  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 2/26/10  Xcel Energy Inc                   10-K       12/31/09   53:8.9M                                   Toppan Merrill-FA

Annual Report   —   Form 10-K   —   Sect. 13 / 15(d) – SEA’34
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-K        Annual Report                                       HTML   2.22M 
 2: EX-10.24    Material Contract                                   HTML     22K 
 4: EX-21.01    Subsidiaries List                                   HTML     27K 
 5: EX-23.01    Consent of Experts or Counsel                       HTML     24K 
 6: EX-24.01    Power of Attorney                                   HTML     39K 
10: EX-99.01    Miscellaneous Exhibit                               HTML     23K 
 3: EX-12.01    Statement re: Computation of Ratios                 HTML     42K 
 7: EX-31.01    Certification -- §302 - SOA'02                      HTML     24K 
 8: EX-31.02    Certification -- §302 - SOA'02                      HTML     24K 
 9: EX-32.01    Certification -- §906 - SOA'02                      HTML     20K 
42: XML         IDEA XML File -- Definitions and References          XML    126K 
49: XML         IDEA XML File -- Filing Summary                      XML    158K 
47: XML.R1      Consolidated Statements of Income                    XML    362K 
48: XML.R2      Consolidated Statements of Income (Parenthetical)    XML     49K 
28: XML.R3      Consolidated Statements of Cash Flows                XML    504K 
33: XML.R4      Consolidated Balance Sheets                          XML    323K 
40: XML.R5      Consolidated Statements of Common Stockholders'      XML    531K 
                Equity and Comprehensive Income                                  
39: XML.R6      Consolidated Statements of Common Stockholders'      XML     73K 
                Equity and Comprehensive Income (Parenthetical)                  
52: XML.R7      Consolidated Statements of Capitalization,           XML   2.19M 
                Long-Term Debt                                                   
22: XML.R8      Consolidated Statements of Capitalization, Equity    XML    288K 
38: XML.R9      Consolidated Statements of Capitalization, Equity    XML     72K 
                (Parenthetical)                                                  
20: XML.R10     Summary of Significant Accounting Policies           XML     73K 
19: XML.R11     Accounting Pronouncements                            XML     45K 
27: XML.R12     Selected Balance Sheet Data                          XML     59K 
44: XML.R13     Discontinued Operations                              XML     50K 
29: XML.R14     Short-Term Borrowings and Other Financing            XML     35K 
                Instruments                                                      
30: XML.R15     Long-Term Borrowings and Other Financing             XML     73K 
                Instruments                                                      
36: XML.R16     Generating Plant Ownership and Operation             XML     69K 
53: XML.R17     Income Taxes                                         XML    142K 
25: XML.R18     Preferred and Common Stock                           XML     91K 
17: XML.R19     Share-Based Compensation                             XML    139K 
32: XML.R20     Benefit Plans and Other Postretirement Benefits      XML    270K 
43: XML.R21     Other Income, Net                                    XML     43K 
23: XML.R22     Derivative Instruments                               XML    152K 
41: XML.R23     Financial Instruments                                XML     65K 
31: XML.R24     Fair Value Measurements                              XML    110K 
51: XML.R25     Rate Matters                                         XML    106K 
46: XML.R26     Commitments and Contingent Liabilities               XML    218K 
34: XML.R27     Nuclear Obligations                                  XML     64K 
37: XML.R28     Regulatory Assets and Liabilities                    XML     87K 
18: XML.R29     Segments and Related Information                     XML     93K 
21: XML.R30     Summarized Quarterly Financial Data (Unaudited)      XML     65K 
24: XML.R31     Lubbock Electric Distribution Assets                 XML     34K 
26: XML.R32     Condensed Financial Statements of Xcel Energy Inc.   XML    124K 
35: XML.R33     Valuation and Qualifying Accounts                    XML     44K 
45: XML.R34     Document and Entity Information                      XML    129K 
50: EXCEL       IDEA Workbook of Financial Reports (.xls)            XLS    220K 
11: EX-101.INS  XBRL Instance -- xel-20091231                        XML   2.29M 
13: EX-101.CAL  XBRL Calculations -- xel-20091231_cal                XML    205K 
14: EX-101.DEF  XBRL Definitions -- xel-20091231_def                 XML    194K 
15: EX-101.LAB  XBRL Labels -- xel-20091231_lab                      XML   1.03M 
16: EX-101.PRE  XBRL Presentations -- xel-20091231_pre               XML    524K 
12: EX-101.SCH  XBRL Schema -- xel-20091231                          XSD    115K 


‘XML.R23’   —   Financial Instruments


This Financial Report is an XBRL XML File.


                                                                                                                                                                                
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<table style="font-size:10pt; font-family:'Times New Roman',times,serif;"> <tr> <td> <p style="FONT-FAMILY: times"><font size="4"><b>14.   Financial Instruments </b></font></p> <p style="FONT-FAMILY: times"><font size="2">The estimated Dec. 31 fair values of Xcel Energy's recorded financial instruments are as follows:</font></p> <div style="PADDING-RIGHT: 0pt; PADDING-LEFT: 0pt; PADDING-BOTTOM: 0pt; MARGIN-LEFT: 10%; WIDTH: 80%; PADDING-TOP: 0pt; POSITION: relative"> <p style="FONT-FAMILY: times"><font size="2"><!-- COMMAND=ADD_TABLEWIDTH,"100%" --></font></p> <!-- User-specified TAGGED TABLE --> <div align="center"> <table cellspacing="0" cellpadding="0" width="100%" border="0"> <tr style="HEIGHT: 0px"><!-- TABLE COLUMN WIDTHS SET --> <td style="FONT-FAMILY: times" align="left"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" align="right" width="6"></td> <td style="FONT-FAMILY: times" width="65"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" align="right" width="6"></td> <td style="FONT-FAMILY: times" width="65"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" align="right" width="6"></td> <td style="FONT-FAMILY: times" width="65"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" align="right" width="6"></td> <td style="FONT-FAMILY: times" width="65"></td> <td style="FONT-FAMILY: times" width="12"></td><!-- TABLE COLUMN WIDTHS END --></tr> <tr style="HEIGHT: 0px" valign="bottom"> <th style="FONT-FAMILY: times" align="left"><font size="2"> </font><br /></th> <th style="FONT-FAMILY: times"><font size="1"> </font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" align="center" colspan="5"><font size="1"><b>2009 </b></font></th> <th style="FONT-FAMILY: times"><font size="1"> </font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" align="center" colspan="5"><font size="1"><b>2008 </b></font></th> <th style="FONT-FAMILY: times"><font size="1"> </font></th></tr> <tr style="HEIGHT: 0px" valign="bottom"> <th style="FONT-FAMILY: times" align="left"><font size="1"> </font><br /></th> <th style="FONT-FAMILY: times"><font size="1"> </font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" align="center" colspan="2"><font size="1"><b>Carrying<br /> Amount </b></font></th> <th style="FONT-FAMILY: times"><font size="1"> </font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" align="center" colspan="2"><font size="1"><b>Fair Value </b></font></th> <th style="FONT-FAMILY: times"><font size="1"> </font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" align="center" colspan="2"><font size="1"><b>Carrying<br /> Amount </b></font></th> <th style="FONT-FAMILY: times"><font size="1"> </font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" align="center" colspan="2"><font size="1"><b>Fair Value </b></font></th> <th style="FONT-FAMILY: times"><font size="1"> </font></th></tr> <tr style="HEIGHT: 0px" valign="bottom"> <th style="FONT-FAMILY: times" align="left"><font size="1"> </font><br /></th> <th style="FONT-FAMILY: times"><font size="1"> </font></th> <th style="FONT-FAMILY: times" align="center" colspan="11"><font size="1"><b>(Thousands of Dollars)</b></font><br /></th> <th style="FONT-FAMILY: times"><font size="1"> </font></th></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times" valign="bottom"> <p style="MARGIN-LEFT: 9pt; TEXT-INDENT: -9pt; FONT-FAMILY: times"><font size="2">Nuclear decommissioning fund</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">1,248,739</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">1,248,739</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">1,075,294</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">1,075,294</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2"> </font></td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="white"> <td style="FONT-FAMILY: times" valign="bottom"> <p style="MARGIN-LEFT: 9pt; TEXT-INDENT: -9pt; FONT-FAMILY: times"><font size="2">Other investments</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">9,649</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">9,649</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">9,864</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">9,864</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2"> </font></td></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times" valign="bottom"> <p style="MARGIN-LEFT: 9pt; TEXT-INDENT: -9pt; FONT-FAMILY: times"><font size="2">Long-term debt, including current portion</font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">8,432,442</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">9,026,257</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">8,290,460</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">8,562,277</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2"> </font></td></tr></table></div> <!-- end of user-specified TAGGED TABLE --></div> <p style="FONT-FAMILY: times"><font size="2">The fair value of cash and cash equivalents, notes and accounts receivable and notes and accounts payable are not materially different from their carrying amounts. The fair value of Xcel Energy's nuclear decommissioning fund is based on published trading data and pricing models, generally using the most observable inputs available for each class of security. The fair values of Xcel Energy's other investments are estimated based on quoted market prices for those or similar investments. The fair values of Xcel Energy's long-term debt is estimated based on the quoted market prices for the same or similar issues, or the current rates for debt of the same remaining maturities and credit quality. </font></p> <p style="FONT-FAMILY: times"><font size="2">The fair value estimates presented are based on information available to management as of Dec. 31, 2009 and 2008. These fair value estimates have not been comprehensively revalued for purposes of these consolidated financial statements since that date, and current estimates of fair values may differ significantly. </font></p> <p style="FONT-FAMILY: times"><font size="2"><b><i>Guarantees</i></b></font><font size="2"><b></b></font><font size="2">Xcel Energy provides guarantees and bond indemnities supporting certain subsidiaries. The guarantees issued by Xcel Energy guarantee payment or performance by its subsidiaries under specified agreements or transactions. As a result, Xcel Energy's exposure under the guarantees is based upon the net liability of the relevant subsidiary under the specified agreements or transactions. Most of the guarantees issued by Xcel Energy limit the exposure of Xcel Energy to a maximum amount stated in the guarantees. On Dec. 31, 2009 and 2008, Xcel Energy had issued guarantees of up to $76.4 million and $67.5 million, respectively, with $18.0 million and $18.2 million of known exposure under these guarantees, respectively. In addition, Xcel Energy provides indemnity protection for bonds issued for itself and its subsidiaries. The total amount of bonds with this indemnity outstanding as of Dec. 31, 2009 and 2008, was approximately $29.9 million and $27.9 million, respectively. The total exposure of this indemnification cannot be determined at this time. Xcel Energy believes the exposure to be significantly less than the total amount of bonds outstanding.</font></p> <p style="FONT-FAMILY: times"><font size="2">On Dec. 31, 2009, Xcel Energy had the following amount of guarantees and exposure under these guarantees, including those related to Seren, UE, Quixx and Xcel Energy Argentina, which are components of discontinued operations: </font></p> <div style="PADDING-RIGHT: 0pt; PADDING-LEFT: 0pt; PADDING-BOTTOM: 0pt; MARGIN-LEFT: 10%; WIDTH: 54%; PADDING-TOP: 0pt; POSITION: relative"> <p style="FONT-FAMILY: times"><font size="2"><!-- COMMAND=ADD_TABLEWIDTH,"150%" --></font></p> <!-- User-specified TAGGED TABLE --> <div align="center"> <table cellspacing="0" cellpadding="0" width="150%" border="0"> <tr style="HEIGHT: 0px"><!-- TABLE COLUMN WIDTHS SET --> <td style="FONT-FAMILY: times" align="left"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" align="center" width="74"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" align="right" width="6"></td> <td style="FONT-FAMILY: times" width="58"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" align="right" width="6"></td> <td style="FONT-FAMILY: times" width="58"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" align="center" width="81"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" align="right" width="6"></td> <td style="FONT-FAMILY: times" width="61"></td> <td style="FONT-FAMILY: times" width="12"></td> <td style="FONT-FAMILY: times" align="center" width="58"></td><!-- TABLE COLUMN WIDTHS END --></tr> <tr style="HEIGHT: 0px" valign="bottom"> <th style="FONT-FAMILY: times" align="left"><font size="2"> </font><br /></th> <th style="FONT-FAMILY: times"><font size="1"> </font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" align="center"><font size="1"><b>Guarantor </b></font></th> <th style="FONT-FAMILY: times"><font size="1"> </font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" align="center" colspan="2"><font size="1"><b>Guarantee<br /> Amount </b></font></th> <th style="FONT-FAMILY: times"><font size="1"> </font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" align="center" colspan="2"><font size="1"><b>Current<br /> Exposure </b></font></th> <th style="FONT-FAMILY: times"><font size="1"> </font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" align="center"><font size="1"><b>Term or Expiration<br /> Date </b></font></th> <th style="FONT-FAMILY: times"><font size="1"> </font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" align="center" colspan="2"><font size="1"><b>Triggering<br /> Event<br /> Requiring<br /> Performance</b></font></th> <th style="FONT-FAMILY: times"><font size="1"> </font></th> <th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" align="center"><font size="1"><b>Assets Held<br /> as Collateral </b></font></th></tr> <tr style="HEIGHT: 0px" valign="bottom"> <th style="FONT-FAMILY: times" align="left"><font size="1"> </font><br /></th> <th style="FONT-FAMILY: times"><font size="1"> </font></th> <th style="FONT-FAMILY: times" align="center" colspan="14"><font size="1"><b>(Millions of Dollars)</b></font><br /></th></tr> <tr style="HEIGHT: 0px" valign="top" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times" valign="bottom"> <p style="MARGIN-LEFT: 9pt; TEXT-INDENT: -9pt; FONT-FAMILY: times"><font size="2">Guarantee performance and payment of surety bonds for itself and its subsidiaries<sup>(f)</sup></font></p></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times" valign="bottom" align="center"><font size="2">Xcel Energy</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">$</font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2">29.9</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2"><sup>(a)</sup></font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times" valign="bottom" align="center"><font size="2">2010, 2012, 2014-2016 and 2022</font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times" valign="bottom" align="right"><font size="2"><sup>(d)</sup></font></td> <td style="FONT-FAMILY: times" valign="bottom"><font size="2"> </font></td> <td style="FONT-FAMILY: times" valign="bottom" align="center"><font size="2">N/A</font></td></tr> <tr style="HEIGHT: 0px" valign="bottom" bgcolor="white"> <td style="FONT-FAMILY: times"> <p style="MARGIN-TOP: 11pt; MARGIN-LEFT: 9pt; TEXT-INDENT: -9pt; FONT-FAMILY: times"><font size="2">Guarantee the indemnification obligations of Xcel Energy Wholesale Group Inc. under a stock purchase agreement<sup>(g)</sup></font></p></td> <td style="FONT-FAMILY: times"><font size="2"> </font></td> <td style="FONT-FAMILY: times" align="center"> <p style="MARGIN-TOP: 11pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; FONT-FAMILY: times" align="center"><font size="2">Xcel Energy</font></p></td> <td style="FONT-FAMILY: times"><font size="2"> </font></td> <td style="FONT-FAMILY: times"><font size="2"> </font></td> <td style="FONT-FAMILY: times" align="right"><font size="2"><br /> 17.5</font></td> <td style="FONT-FAMILY: times"><font size="2"> </font></td> <td style="FONT-FAMILY: times" align="right"><font size="2"><br /> $</font></td> <td style="FONT-FAMILY: times" align="right"><font size="2"><br /> 17.5</font></td> <td style="FONT-FAMILY: times"><font size="2"> </font></td> <td style="FONT-FAMILY: times" align="center"> <p style="MARGIN-TOP: 11pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; FONT-FAMILY: times" align="center"><font size="2">2010</font></p></td> <td style="FONT-FAMILY: times"><font size="2"> </font></td> <td style="FONT-FAMILY: times"><font size="2"> </font></td> <td style="FONT-FAMILY: times" align="right"><font size="2"><br /> <sup>(c)</sup></font></td> <td style="FONT-FAMILY: times"><font size="2"> </font></td> <td style="FONT-FAMILY: times" align="center"> <p style="MARGIN-TOP: 11pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; FONT-FAMILY: times" align="center"><font size="2">N/A</font></p></td></tr> <tr style="HEIGHT: 0px" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times"> <p style="MARGIN-TOP: 11pt; MARGIN-LEFT: 9pt; TEXT-INDENT: -9pt; FONT-FAMILY: times"><font size="2">Guarantee the indemnification obligations of Xcel Energy Argentina under a stock purchase agreement</font></p></td> <td style="FONT-FAMILY: times"><font size="2"> </font></td> <td style="FONT-FAMILY: times" align="center"> <p style="MARGIN-TOP: 11pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; FONT-FAMILY: times" align="center"><font size="2">Xcel Energy</font></p></td> <td style="FONT-FAMILY: times"><font size="2"> </font></td> <td style="FONT-FAMILY: times"><font size="2"> </font></td> <td style="FONT-FAMILY: times" align="right"><font size="2"><br /> 14.7</font></td> <td style="FONT-FAMILY: times"><font size="2"> </font></td> <td style="FONT-FAMILY: times"><font size="2"> </font></td> <td style="FONT-FAMILY: times" align="right"><font size="2"><br /></font></td> <td style="FONT-FAMILY: times"><font size="2"> </font></td> <td style="FONT-FAMILY: times" align="center"> <p style="MARGIN-TOP: 11pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; FONT-FAMILY: times" align="center"><font size="2">Continuing</font></p></td> <td style="FONT-FAMILY: times"><font size="2"> </font></td> <td style="FONT-FAMILY: times"><font size="2"> </font></td> <td style="FONT-FAMILY: times" align="right"><font size="2"><br /> <sup>(c)</sup></font></td> <td style="FONT-FAMILY: times"><font size="2"> </font></td> <td style="FONT-FAMILY: times" align="center"> <p style="MARGIN-TOP: 11pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; FONT-FAMILY: times" align="center"><font size="2">N/A</font></p></td></tr> <tr style="HEIGHT: 0px" valign="bottom" bgcolor="white"> <td style="FONT-FAMILY: times"> <p style="MARGIN-TOP: 11pt; MARGIN-LEFT: 9pt; TEXT-INDENT: -9pt; FONT-FAMILY: times"><font size="2">Guarantee the indemnification obligations of Seren under an asset purchase agreement</font></p></td> <td style="FONT-FAMILY: times"><font size="2"> </font></td> <td style="FONT-FAMILY: times" align="center"> <p style="MARGIN-TOP: 11pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; FONT-FAMILY: times" align="center"><font size="2">Xcel Energy</font></p></td> <td style="FONT-FAMILY: times"><font size="2"> </font></td> <td style="FONT-FAMILY: times"><font size="2"> </font></td> <td style="FONT-FAMILY: times" align="right"><font size="2"><br /> 12.5</font></td> <td style="FONT-FAMILY: times"><font size="2"> </font></td> <td style="FONT-FAMILY: times"><font size="2"> </font></td> <td style="FONT-FAMILY: times" align="right"><font size="2"><br /></font></td> <td style="FONT-FAMILY: times"><font size="2"> </font></td> <td style="FONT-FAMILY: times" align="center"> <p style="MARGIN-TOP: 11pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; FONT-FAMILY: times" align="center"><font size="2">2010</font></p></td> <td style="FONT-FAMILY: times"><font size="2"> </font></td> <td style="FONT-FAMILY: times"><font size="2"> </font></td> <td style="FONT-FAMILY: times" align="right"><font size="2"><br /> <sup>(c)</sup></font></td> <td style="FONT-FAMILY: times"><font size="2"> </font></td> <td style="FONT-FAMILY: times" align="center"> <p style="MARGIN-TOP: 11pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; FONT-FAMILY: times" align="center"><font size="2">N/A</font></p></td></tr> <tr style="HEIGHT: 0px" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times"> <p style="MARGIN-TOP: 11pt; MARGIN-LEFT: 9pt; TEXT-INDENT: -9pt; FONT-FAMILY: times"><font size="2">Guarantee the indemnification obligations of Seren under an asset purchase agreement</font></p></td> <td style="FONT-FAMILY: times"><font size="2"> </font></td> <td style="FONT-FAMILY: times" align="center"> <p style="MARGIN-TOP: 11pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; FONT-FAMILY: times" align="center"><font size="2">Xcel Energy</font></p></td> <td style="FONT-FAMILY: times"><font size="2"> </font></td> <td style="FONT-FAMILY: times"><font size="2"> </font></td> <td style="FONT-FAMILY: times" align="right"><font size="2"><br /> 10.0</font></td> <td style="FONT-FAMILY: times"><font size="2"> </font></td> <td style="FONT-FAMILY: times"><font size="2"> </font></td> <td style="FONT-FAMILY: times" align="right"><font size="2"><br /></font></td> <td style="FONT-FAMILY: times"><font size="2"> </font></td> <td style="FONT-FAMILY: times" align="center"> <p style="MARGIN-TOP: 11pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; FONT-FAMILY: times" align="center"><font size="2">Continuing</font></p></td> <td style="FONT-FAMILY: times"><font size="2"> </font></td> <td style="FONT-FAMILY: times"><font size="2"> </font></td> <td style="FONT-FAMILY: times" align="right"><font size="2"><br /> <sup>(c)</sup></font></td> <td style="FONT-FAMILY: times"><font size="2"> </font></td> <td style="FONT-FAMILY: times" align="center"> <p style="MARGIN-TOP: 11pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; FONT-FAMILY: times" align="center"><font size="2">N/A</font></p></td></tr> <tr style="HEIGHT: 0px" valign="bottom" bgcolor="white"> <td style="FONT-FAMILY: times"> <p style="MARGIN-TOP: 11pt; MARGIN-LEFT: 9pt; TEXT-INDENT: -9pt; FONT-FAMILY: times"><font size="2">Guarantee of customer loans for the Farm Rewiring Program</font></p></td> <td style="FONT-FAMILY: times"><font size="2"> </font></td> <td style="FONT-FAMILY: times" align="center"> <p style="MARGIN-TOP: 11pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; FONT-FAMILY: times" align="center"><font size="2">NSP-Wisconsin</font></p></td> <td style="FONT-FAMILY: times"><font size="2"> </font></td> <td style="FONT-FAMILY: times"><font size="2"> </font></td> <td style="FONT-FAMILY: times" align="right"><font size="2"><br /> 1.0</font></td> <td style="FONT-FAMILY: times"><font size="2"> </font></td> <td style="FONT-FAMILY: times"><font size="2"> </font></td> <td style="FONT-FAMILY: times" align="right"><font size="2"><br /> 0.5</font></td> <td style="FONT-FAMILY: times"><font size="2"> </font></td> <td style="FONT-FAMILY: times" align="center"> <p style="MARGIN-TOP: 11pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; FONT-FAMILY: times" align="center"><font size="2">Continuing</font></p></td> <td style="FONT-FAMILY: times"><font size="2"> </font></td> <td style="FONT-FAMILY: times"><font size="2"> </font></td> <td style="FONT-FAMILY: times" align="right"><font size="2"><br /> <sup>(e)</sup></font></td> <td style="FONT-FAMILY: times"><font size="2"> </font></td> <td style="FONT-FAMILY: times" align="center"> <p style="MARGIN-TOP: 11pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; FONT-FAMILY: times" align="center"><font size="2">N/A</font></p></td></tr> <tr style="HEIGHT: 0px" valign="bottom" bgcolor="#CCEEFF"> <td style="FONT-FAMILY: times"> <p style="MARGIN-TOP: 11pt; MARGIN-LEFT: 9pt; TEXT-INDENT: -9pt; FONT-FAMILY: times"><font size="2">Combination of guarantees benefiting various Xcel Energy subsidiaries</font></p></td> <td style="FONT-FAMILY: times"><font size="2"> </font></td> <td style="FONT-FAMILY: times" align="center"> <p style="MARGIN-TOP: 11pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; FONT-FAMILY: times" align="center"><font size="2">Xcel Energy</font></p></td> <td style="FONT-FAMILY: times"><font size="2"> </font></td> <td style="FONT-FAMILY: times"><font size="2"> </font></td> <td style="FONT-FAMILY: times" align="right"><font size="2"><br /> 20.7</font></td> <td style="FONT-FAMILY: times"><font size="2"> </font></td> <td style="FONT-FAMILY: times"><font size="2"> </font></td> <td style="FONT-FAMILY: times" align="right"><font size="2"><br /></font></td> <td style="FONT-FAMILY: times"><font size="2"> </font></td> <td style="FONT-FAMILY: times" align="center"> <p style="MARGIN-TOP: 11pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; FONT-FAMILY: times" align="center"><font size="2">Continuing</font></p></td> <td style="FONT-FAMILY: times"><font size="2"> </font></td> <td style="FONT-FAMILY: times"><font size="2"> </font></td> <td style="FONT-FAMILY: times" align="right"><font size="2"><br /> <sup>(b)</sup><sup>(c)</sup></font></td> <td style="FONT-FAMILY: times"><font size="2"> </font></td> <td style="FONT-FAMILY: times" align="center"> <p style="MARGIN-TOP: 11pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; FONT-FAMILY: times" align="center"><font size="2">N/A</font></p></td></tr></table></div> <!-- end of user-specified TAGGED TABLE --></div> <!-- COMMAND=ADD_LINERULETXT,NOSHADE COLOR="#000000" SIZE="1.0PT" WIDTH="100%" ALIGN="LEFT" --> <hr style="COLOR: #000000" align="left" width="100%" noshade="noshade" size="1" /> <dl compact="compact"> <dt style="MARGIN-BOTTOM: -9pt; FONT-FAMILY: times"><font size="1"><sup>(a)</sup></font></dt> <dd style="FONT-FAMILY: times"><font size="1">The total exposure of this indemnification cannot be determined. Xcel Energy believes the exposure to be significantly less than the total amount of the outstanding bonds. </font></dd> <dt style="MARGIN-BOTTOM: -9pt; FONT-FAMILY: times"><font size="1"><sup>(b)</sup></font></dt> <dd style="FONT-FAMILY: times"><font size="1">Nonperformance and/or nonpayment.</font></dd> <dt style="MARGIN-BOTTOM: -9pt; FONT-FAMILY: times"><font size="1"><sup>(c)</sup></font></dt> <dd style="FONT-FAMILY: times"><font size="1">Losses caused by default in performance of covenants or breach of any warranty or representation in the purchase agreement. </font></dd> <dt style="MARGIN-BOTTOM: -9pt; FONT-FAMILY: times"><font size="1"><sup>(d)</sup></font></dt> <dd style="FONT-FAMILY: times"><font size="1">Failure of Xcel Energy or one of its subsidiaries to perform under the agreement that is the subject of the relevant bond. In addition, per the indemnity agreement between Xcel Energy and the various surety companies, the surety companies have the discretion to demand that that collateral be posted. </font></dd> <dt style="MARGIN-BOTTOM: -9pt; FONT-FAMILY: times"><font size="1"><sup>(e)</sup></font></dt> <dd style="FONT-FAMILY: times"><font size="1">The debtor becomes the subject of bankruptcy or other insolvency proceedings. </font></dd> <dt style="MARGIN-BOTTOM: -9pt; FONT-FAMILY: times"><font size="1"><sup>(f)</sup></font></dt> <dd style="FONT-FAMILY: times"><font size="1">Xcel Energy agreed to indemnify an insurance company in connection with surety bonds they may issue or have issued for Utility Engineering up to $80 million. The Xcel Energy indemnification will be triggered only in the event that has failed to meet its obligations to the surety company. </font></dd> <dt style="MARGIN-BOTTOM: -9pt; FONT-FAMILY: times"><font size="1"><sup>(g)</sup></font></dt> <dd style="FONT-FAMILY: times"><font size="1">See Note 17 to the consolidated financial statements for further discussion of Fru-Con Construction Corporation vs. Utility Engineering et al. </font></dd></dl> <p style="FONT-FAMILY: times"><font size="1"><br /></font><font size="4"><b>Letters of Credit <br /></b></font></p> <p style="FONT-FAMILY: times"><font size="2">Xcel Energy and its subsidiaries use letters of credit, generally with terms of one year, to provide financial guarantees for certain operating obligations. At Dec. 31, 2009 and 2008, there were $22.2 million and $24.1 million of letters of credit outstanding, respectively. The contract amounts of these letters of credit approximate their fair value and are subject to fees determined in the marketplace. </font></p></td></tr></table>
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<NonNumericTextHeader> 14.   Financial Instruments The estimated Dec. 31 fair values of Xcel Energy's recorded financial instruments are as follows: <!-- </NonNumericTextHeader>
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2 Subsequent Filings that Reference this Filing

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 8/20/10  SEC                               UPLOAD9/12/17    1:45K  Xcel Energy Inc.
 8/05/10  SEC                               UPLOAD9/12/17    1:71K  Xcel Energy Inc.
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Filing Submission 0001047469-10-001536   –   Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

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