SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) | October 29, 2001 |
Xcel Energy, Inc.
Minnesota
1-3034 (Commission File Number) |
41-0448030 (IRS Employer Identification No.) |
800 Nicollet Mall, Mpls, MN (Address of principal executive offices) |
55402 (Zip Code) |
Registrants telephone number, including area code | 612-330-5500 |
(Former name or former address, if changed since last report)
Item 5. Other Events
On October 30, 2001, the management of Xcel Energy Inc., will make a presentation to representatives of the financial community in New Orleans. The presentation will begin at 10:30 a.m. CDT and may be viewed via a live web cast. Individuals interested in viewing the web cast should go to http://media.corporate-ir.net/media_files/event/2001/eei/agenda.htm
As part of the presentation, Xcel Energy management will present following annual earnings targets:
| earnings per share of $2.30 for 2001 | |
| earnings per share of $2.40 $2.50 for 2002 |
Charts will be shown that represent the company estimates of 2002 earnings contribution range from various business segments, as follows:
Xcel Energy | EPS Range | |||
Electric & Gas Utility |
$ | 1.83 - $1.90 | ||
NRG Energy |
$ | 0.70 - $0.72 | ||
Xcel Enterprises |
$ | (0.03) - $0.00 | ||
Unallocated interest |
$ | (0.12) - $(0.10 | ) | |
Xcel Total |
$ | 2.40 - $2.50 |
Xcel Energy management will also discuss the following initiatives:
| Sharpen focus to core operations; | |
| Grow energy supply; and | |
| Execute operating and regulatory strategy to unlock and retain value of regulated businesses. |
Management of Xcel Energy will also provide the following information on Marketing and Trading margins and unrecovered energy costs in Colorado for the twelve months ended Dec. 31, 2000 and the nine months ended Sept. 30, 2001, as follows:
(Millions of Dollars) | 2000 | 2001 | ||||||
Short-term Wholesale Margins |
$ | 92 | $ | 146 | ||||
Electric & Gas Trading Margins |
41 | 91 | ||||||
Total Marketing & Trading Margins |
$ | 133 | $ | 237 | ||||
Unrecovered energy costs in Colorado |
$ | 75 | $ | 41 |
This report includes forward-looking statements that are subject to certain risks, uncertainties and assumptions. Such forward-looking statements are intended to be identified in this document by the words anticipate, estimate, expect, objective, outlook, possible, potential and similar expressions. Actual results may vary materially. Factors that could cause actual results to differ materially include, but are not limited to: general economic conditions, including their impact on capital expenditures; business conditions in the energy industry; competitive factors; unusual weather; changes in federal or state legislation; regulation; risks associated with the California power market; currency translation and transaction adjustments; the higher degree of risk associated with Xcel Energys nonregulated businesses compared with Xcel Energys regulated business; and the other risk factors listed from time to time by Xcel Energy in reports filed with the Securities and Exchange Commission (SEC), including Exhibit 99.01 to Xcel Energys annual report on Form 10-K for the year ended Dec. 31, 2000.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Xcel Energy Inc. (a Minnesota Corporation) |
/s/ David E. Ripka David E. Ripka Vice President and Controller |
October 29, 2001