uv9cv3
 

U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM U-9C-3

QUARTERLY REPORT PURSUANT TO RULE 58 OF
THE PUBLIC UTILITY HOLDING COMPANY ACT OF 1935

For the quarterly period ended March 31, 2004

Xcel Energy Inc.
(Name of Registered Holding Company)

800 Nicollet Mall, Minneapolis, Minnesota 55402
(Address of Principal Executives Offices)

Inquiries concerning this Form U-9C-3
may be directed to either:

Teresa S. Madden
Vice President and Controller
Xcel Energy Inc.
414 Nicollet Mall
Minneapolis, MN 55401
(612) 330-6177

or

Michael C. Connelly
Deputy General Counsel
Xcel Energy Inc.
800 Nicollet Mall
Minneapolis, MN 55402
(612) 215-4580

 


 

XCEL ENERGY INC.
FORM U-9C-3
For the Quarter Ended March 31, 2004

Table of Contents

             
        Page
  Organization Chart     1  
 
           
  Issuances and Renewals of Securities and Capital Contributions     4  
 
           
  Associated Transactions     5  
 
           
  Summary of Aggregate Investment     6  
 
           
  Other Investments     7  
 
           
  Financial Statements and Exhibits     8  
 
           
        9  

 


 

Item 1. — ORGANIZATION CHART

                                         
Name of   Energy or                   Percentage   Nature
Reporting   Gas Related   Date of   State of   Of Voting   Of
Company
  Company
  Organization
  Organization
  Securities Held
  Business
Xcel Energy Inc. (Xcel Energy)
                                       
Xcel Energy Retail Holdings Inc. (a)
                                       
* XERS Inc.
  Energy related   December 4, 2000   DE     100 %   Operates as a retailer of electric power
in targeted U.S. markets. XERS functions
as an intermediary between energy producers,
resellers and end-users.
Xcel Energy Cadence Inc. (a)
  Energy related   August 28, 1997   CO     100 %   Holds energy-related company
Cadence Network Inc.
  Energy related   September 3, 1997   DE     22.22 %   Energy management and consulting
services; also brokering and marketing
of energy commodities
Planergy International Inc. (a)
  Energy related   January 2, 1990   TX     100 %   Energy service to commercial
and industrial customers
Planergy Services Inc. (a)
  Energy related   July 30, 1987   DE     100 %   Industrial energy audits
Planergy Capital Associates Inc.
  Energy related   June 19, 1981   CA     100 %   No significant operations
Xcel Energy Performance Contracting, Inc. (a)
  Energy related   August 20, 1993   MN     100 %   Provides energy marketing and
performance contracting services
* e prime Energy Marketing Inc.
  Energy related   March 3, 1997   CO     100 %   Provides retail gas marketing services
* e prime Florida Inc.
  Energy related   October 18, 1999   CO     100 %   Provides retail gas marketing services
* e prime Georgia Inc.
  Energy related   June 10, 1999   GA     100 %   Inactive entity previously provided retail
gas marketing services
Xcel Energy Ventures Inc. (a)
                                       
Texas-Ohio Pipeline Inc.
  Energy related   June 22, 1990   TX     100 %   Owns and operates gas pipeline
Utility Engineering Corporation (UE) (a)
  Energy related   August 14, 1985   TX     100 %   Holds energy-related companies and
is engaged in engineering, design and
construction management, and invests in
developing cogeneration and energy-related
projects
Quixx Corporation (a)
  Energy related   August 14, 1985   TX     100 %   Invests in developing cogeneration and
energy-related projects

1


 

                                         
Name of   Energy or                   Percentage   Nature
Reporting   Gas Related   Date of   State of   Of Voting   Of
Company
  Company
  Organization
  Organization
  Securities Held
  Business
Quixxlin Corporation (a)
  Energy related   July 16, 1997   DE     100 %   Owns .5% general partnership interest
in Quixx Linden
Quixx Linden (GP)
  Energy related   June 25, 1996   TX     0.50 %   Owns and operates gas-fired cogeneration
facility
Quixx Linden (LP)
  Energy related   June 25, 1996   TX     43.18 %   Owns and operates gas-fired cogeneration
facility
Xcel Energy Markets Holdings Inc. (a)
                                  Holding company for subsidiaries providing
energy marketing services
* e prime Inc. (a)
  Energy related   January 30,1995   CO     100 %   Holds energy-related companies and
engages in energy marketing, trading and
providing energy services
Young Gas Storage Company (a)
  Energy related   July 6, 1993   DE     100 %   Hold energy-related company
Young Gas Storage Company Ltd.
  Energy related   June 30, 1993   CO     47.5 %   Owns & operates underground gas storage
facilities
NSP-Minnesota (a)
                                       
NSP Nuclear Corporation (a)
  Energy related   November 19, 1999   MN     100 %   Owns 20% interest in Nuclear Management
Co.
Nuclear Management Company LLC
  Energy related   February 26, 1999   WI     20 %   Nuclear operating company that manages
several nuclear plants for 5 different utilities.
Private Fuel Storage LLC
  Energy related   September 6, 1995   DE     34.18 %   Storage facility of spent nuclear fuel in Utah


(a)   Directly and/or indirectly holds securities in energy/gas related companies.
 
#   - new entity
 
*   - inactive entity
 
LP:   Limited Partner, GP: General Partner.

2


 

Narrative Description of Activities for Reporting Period

Cadence Network Inc. — Cadence Network Inc. provides a single source for both energy management services and products designed to lower energy costs for national companies that operate at multiple locations.

Planergy International Inc. and subsidiaries — Planergy International Inc. consists of operating subsidiaries providing energy management, consulting and demand side management services to industrial, commercial, utility and municipal customers.

Texas-Ohio Pipeline Inc. — Small pipeline company that connects two major interstate pipelines.

Utility Engineering Corporation — Utility Engineering Corporation is engaged in engineering, design, construction management and other miscellaneous services. On January 1, 2000, UE acquired Quixx Corporation (“Quixx”) and its subsidiaries from NC Enterprises. Quixx’s primary business is investing in and developing cogeneration and energy-related projects. Quixx also holds water rights and certain other non-utility assets. Quixx currently has several subsidiaries, most of which hold interests in various energy-related investments.

Quixx Linden LP — Quixx Linden LP owns a 23 Mw natural gas fired cogeneration facility in Linden, New Jersey. Quixxlin Corporation, a wholly-owned subsidiary of Quixx, holds a 0.5% general partnership interest in this partnership. Quixx also directly holds a 43.18% limited partnership interest in Quixx Linden, L.P.

Nuclear Management Company — Nuclear operating company that manages several nuclear plants for 5 different utilities.

Private Fuel Storage LLC — Storage facility of spent nuclear fuel in Utah.

3


 

Item 2. — ISSUANCES AND RENEWALS OF SECURITIES AND CAPITAL CONTRIBUTIONS

ISSUANCES AND RENEWALS OF SECURITIES (in thousands of dollars):

                                                         
Company   Type of   Principal   Issue   Cost   Person to   Collateral   Consideration
issuing   security   amount   or   of   whom security   given with   received for
security
  issued
  of security
  renewal
  capital
  was issued
  security
  each security
Xcel Energy Retail
  ST Debt   $ 3,800     Renewal     2.9 %   e prime Energy Marketing   None   $ 3,800  
Xcel Energy Retail
  ST Debt     2,600     Issue     2.9 %   e prime Energy Marketing   None     2,600  
Xcel Energy Retail
  ST Debt     1,120     Renewal     2.9 %   Xcel Energy Cadence Inc.   None     1,120  
Xcel Energy Retail
  ST Debt     10     Issue     2.9 %   Xcel Energy Cadence Inc.   None     10  
Xcel Energy Retail
  ST Debt     18,049     Renewal     2.9 %   Planergy International Inc.   None     18,049  
XERS Inc.
  ST Debt     4,210     Renewal     2.9 %   Xcel Energy Retail   None     4,210  
XERS Inc.
  ST Debt     310     Issue     2.9 %   Xcel Energy Retail   None     310  
Quixx Corporation
  ST Debt     66,400     Renewal     2.9 %   Utility Engineering Corp.   None     66,400  
Utility Engineering Corp.
  ST Debt     2,444     Renewal     2.9 %   Proto-Power Corporation   None     2,444  
Utility Engineering Corp.
  ST Debt     650     Renewal     2.9 %   Universal Utility Services   None     650  
Utility Engineering Corp.
  ST Debt     1,175     Renewal     2.9 %   Precision Resource Co.   None     1,175  
Utility Engineering Corp.
  ST Debt     87,300     Renewal     2.9 %   Xcel Energy Wholesale Inc.   None     87,300  
Utility Engineering Corp.
  ST Debt     2,600     Issue     2.9 %   Xcel Energy Wholesale Inc.   None     2,600  
Xcel Energy Markets Inc.
  ST Debt     4,050     Issue     2.9 %   e prime, Inc.   None     4,050  
Texas-Ohio Pipeline Inc.
  ST Debt     110     Renewal     2.9 %   Xcel Energy Ventures Inc.   None     110  
Texas-Ohio Pipeline Inc.
  ST Debt     2,516     Issue     2.9 %   Xcel Energy Ventures Inc.   None     2,516  
Utility Engineering Corp.
  ST Debt     125     Renewal     2.9 %   Proto-Power New York   None     125  
Utility Engineering Corp.
  ST Debt     500     Issue     2.9 %   Proto-Power New York   None     500  
Utility Engineering Corp.
  ST Debt     25     Renewal     2.9 %   Proto-Power Michigan   None     25  
Utility Engineering Corp.
  ST Debt     6     Issue     2.9 %   Proto-Power Michigan   None     6  
Xcel Energy Retail
  ST Debt     2,200     Renewal     2.9 %   Xcel Energy Performance Contracting Inc.   None     2,200  

CAPITAL CONTRIBUTIONS (in thousands of dollars):

                 
Company   Company   Amount of
Contributing   Receiving   Capital
Capital
  Capital
  Contribution
NSP Nuclear Corporation
  Nuclear Management Company   $ 17  

4


 

Item 3. — ASSOCIATED TRANSACTIONS

Part I. — Transactions performed by reporting companies on behalf of associate companies (in thousands of dollars).

                                                 
Reporting Company   Associate Company           Direct   Indirect   Cost   Total
Rendering   Receiving           Costs   Costs   of   Amount
Services
  Services
  Types of Services Rendered
  Charged
  Charged
  Capital
  Billed
Utility Engineering Corp.
  Public Service Company of Colorado   Engineering/Utility Professional Services   $ 2,632               $ 2,632
Utility Engineering Corp.
  Southwestern Public Service Company   Engineering/Utility Professional Services     2,815                 2,815
Utility Engineering Corp.
  NSP-Minnesota   Engineering/Utility Professional Services     1,822                 1,822

Part II. — Transactions performed by associate companies on behalf of reporting companies (in thousands of dollars).

                                                 
Reporting Company   Associate Company           Direct   Indirect   Cost   Total
Receiving   Rendering           Costs   Costs   of   Amount
Services
  Services
  Types of Services Rendered
  Charged
  Charged
  Capital
  Billed
Quixx Linden LP
  Quixx Power Services   Power plant operating management
fee and expenses
  $ 327                 $ 327  
Quixx Linden LP
  Quixx Corporation   Partnership management fee     25                   25  
e prime Energy Marketing
  Public Service Company of Colorado   Gas transportation services     2,428                   2,428  

5


 

Item 4. — SUMMARY OF AGGREGATE INVESTMENT

                         
Investments in energy-related companies:   (in thousands)                
 
Total consolidated capitalization as of March 31, 2004
  $ 12,021,194             Line 1
Total capitalization multiplied by 15% (Line 1 multiplied by 0.15)
    1,803,179             Line 2
Greater of $50 million or line 2
          $ 1,803,179     Line 3
Total current aggregate investment:
                       
(categorized by major line of energy-related business)
                       
Energy management services (Category I)
    54,223                  
Brokering/Marketing services (Category V)
    51,547                  
Utility engineering/construction services (Category VII)
    493                  
Developing/Ownership QF’s (Category VIII)
    3,288                  
 
   
 
                 
Total current aggregate investment
            109,551     Line 4
 
           
 
         
Difference between the greater of $50 million or 15% of capitalization and
the total aggregate investment of the registered holding company system
(line 3 less line 4)
          $ 1,693,628     Line 5
 
           
 
         
 
Investments in gas-related companies:
                       
 
NONE
                       

6


 

Item 5. — OTHER INVESTMENTS (in thousands)

                         
Major Line   Other   Other    
of Energy-Related   Investment in Last   Investment in This   Reason for Difference in
Business (a)
  U-9C-3 Report
  U-9C-3 Report
  Other Investment
Brokering/Marketing services
  $ 27,199     $ 27,199       N/A  
Engineering and related services
  $ 11,463     $ 11,463       N/A  
Developing/Ownership QF’s
  $ 85,713     $ 85,713       N/A  

(a)   Investments for these reporting companies, prior to March 23, 1997, were excluded from aggregate investments in Items 4. These reporting companies were subsidiaries, directly or indirectly, of Xcel Energy Inc.

7


 

Item 6. — FINANCIAL STATEMENTS AND EXHIBITS

A. Financial Statements:

Exhibit A-1 Financial statements of XERS, Inc. for the three months ended March 31, 2004 — filed under confidential treatment pursuant to Rule 104(b).

Exhibit A-2 Financial statements of Cadence Network Inc. for the three months ended March 31, 2004 — filed under confidential treatment pursuant to Rule 104(b).

Exhibit A-3 Consolidated financial statements of Planergy International Inc. and subsidiaries for the three months ended March 31, 2004 — filed under confidential treatment pursuant to Rule 104(b).

Exhibit A-4 Financial statements of e prime Energy Marketing Inc. for the three months ended March 31, 2004 — filed under confidential treatment pursuant to Rule 104(b).

Exhibit A-5 Financial statements of e prime Florida Inc. for the three months ended March 31, 2004 — filed under confidential treatment pursuant to Rule 104(b).

Exhibit A-6 Financial statements of Texas-Ohio Pipeline Inc. for the three months ended March 31, 2004 — filed under confidential treatment pursuant to Rule 104(b).

Exhibit A-7 Consolidated financial statements of Utility Engineering Corporation and subsidiaries for the three months ended March 31, 2004 - filed under confidential treatment pursuant to Rule 104(b).

Exhibit A-8 Financial statements of Quixx Linden, LP for the three months ended March 31, 2004 — filed under confidential treatment pursuant to Rule 104(b).

Exhibit A-9 Consolidated financial statements of e prime Inc. and subsidiaries for the three months ended March 31, 2004 — filed under confidential treatment pursuant to Rule 104(b).

Exhibit A-10 Consolidated financial statements of Xcel Energy Performance Contracting, Inc. and subsidiaries for the three months ended March 31, 2004 — filed under confidential treatment pursuant to Rule 104(b).

8


 

SIGNATURE

     The undersigned registered holding company has duly caused this quarterly report to be signed on its behalf by the undersigned officer thereunto duly authorized pursuant to the requirements of the Public Utility Holding Company Act of 1935.

         
  Xcel Energy Inc.
 
 
  /s/ Teresa S. Madden    
  Teresa S. Madden   
  Vice President and Controller   
 

May 28, 2004

With the above signature, I also certify that the corresponding report on Form U-9C-3 for the first quarter of 2004 was filed with Xcel Energy Inc.’s interested state commissions whose names and addresses are listed below.

         
Public Utilities Commission of the State of Colorado
  South Dakota Public Utilities Commission
1580 Logan Street
  500 E. Capitol Ave.
Denver, CO 80203
  Pierre, SD 57501
 
Public Service Commission of Wyoming
  Public Service Commission of Wisconsin
Hansen Building, Suite 300
  610 North Whitney Way
2515 Warren Avenue
  Madison, WI 53707
 
Cheyenne, WY 82002
       
Public Utility Commission of Texas
  Michigan Public Service Commission
1701 N. Congress Avenue
  6545 Mercantile Way, Suite 7
Austin, Texas 78711
  Lansing, MI 48911
 
New Mexico Public Regulation Commission
224 E. Palace Avenue
Santa Fe, NM 87503
       
 
Kansas Corporation Commission
1500 SW Arrowhead Road
Topeka, KS 66604
       
 
Oklahoma Corporation Commission
2101 N. Lincoln Blvd., Suite 130
Oklahoma City, OK 73105
       
 
Minnesota Public Utilities Commission
121 E. 7th Place, Suite 350
St. Paul, MN 55101
       
 
North Dakota Public Service Commission
600 East Blvd.
Bismarck, ND 58505
       

9