Sparby retirement 11-25-2014

0000072903-14-000091.txt : 20141125 0000072903-14-000091.hdr.sgml : 20141125 20141125160515 ACCESSION NUMBER: 0000072903-14-000091 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20141121 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20141125 DATE AS OF CHANGE: 20141125 FILER: COMPANY DATA: COMPANY CONFORMED NAME: NORTHERN STATES POWER CO CENTRAL INDEX KEY: 0001123852 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC & OTHER SERVICES COMBINED [4931] IRS NUMBER: 411967505 STATE OF INCORPORATION: MN FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-31387 FILM NUMBER: 141249680 BUSINESS ADDRESS: STREET 1: 414 NICOLLET MALL CITY: MINNEAPOLIS STATE: MN ZIP: 55401 BUSINESS PHONE: 6123305500 MAIL ADDRESS: STREET 1: 414 NICOLLET MALL CITY: MINNEAPOLIS STATE: MN ZIP: 55401 FILER: COMPANY DATA: COMPANY CONFORMED NAME: XCEL ENERGY INC CENTRAL INDEX KEY: 0000072903 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC & OTHER SERVICES COMBINED [4931] IRS NUMBER: 410448030 STATE OF INCORPORATION: MN FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-03034 FILM NUMBER: 141249681 BUSINESS ADDRESS: STREET 1: 800 NICOLLET MALL CITY: MINNEAPOLIS STATE: MN ZIP: 55402 BUSINESS PHONE: 6123305500 MAIL ADDRESS: STREET 1: 800 NICOLLET MALL CITY: MINNEAPOLIS STATE: MN ZIP: 55401 FORMER COMPANY: FORMER CONFORMED NAME: NORTHERN STATES POWER CO /MN/ DATE OF NAME CHANGE: 19920703 8-K 1 sparbyretirement11-25x2014.htm 8-K Sparby retirement 11-25-2014

UNITED STATES

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) November 21, 2014



Commission File Number	Exact Name of Registrant as Specified in its Charter; State of Incorporation; Address of Principal Executive Offices; and Telephone Number	IRS Employer Identification Number
001-3034	XCEL ENERGY	41-0448030
	(a Minnesota corporation)
	414 Nicollet Mall
	Minneapolis, Minnesota 55401
	(612) 330-5500

001-31387	NORTHERN STATES POWER COMPANY	41-1967505
	(a Minnesota corporation)
	414 Nicollet Mall
	Minneapolis, Minnesota 55401
	(612) 330-5500

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

£ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

£ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

£ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

£ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))



Item 5.02	Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On Nov. 21, 2014, David M. Sparby, Senior Vice President and Group President, Revenue and President and Chief Executive Officer of Northern States Power, a Minnesota corporation, announced his intention to retire effective Dec. 31, 2014, completing over 30 years of distinguished service to Xcel Energy. Marvin McDaniel, who currently serves as Senior Vice President and Chief Administrative Officer will assume Mr. Sparby’s Group President

responsibilities upon his retirement. Xcel Energy expects to name a new Minnesota President by the end of the year.

On Nov. 24, 2014, Xcel Energy issued the press release on this topic attached hereto as Exhibit 99.01. The press release is incorporated herein by reference.



Item 9.01	Financial Statements and Exhibits

(d) Exhibits



Exhibit No.	Description
99.01	Sparby Retirement Press Release

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.



Nov. 25, 2014	Xcel Energy Inc. (a Minnesota corporation)
	Northern States Power Company (a Minnesota corporation)

	/s/ JUDY M. POFERL
	Judy M. Poferl
	Vice President and Corporate Secretary

EX-99.01 2 sparbyretirement1.htm EXHIBIT 99.01 Sparby retirement 11-25-2014 - 01

Exhibit 99.01

Sparby to retire, McDaniel to assume corporate-wide responsibilities

MINNEAPOLIS--(BUSINESS WIRE)-- Xcel Energy today announced the retirement of long-time executive, David M. Sparby. Sparby, a 33-year employee of Xcel Energy or its predecessor company Northern States Power Company, most recently served as senior vice president, Revenue Group, and president and CEO of Northern States Power Co.-Minnesota.

“Dave has had a remarkable career with the company,” said Ben Fowke, chairman, president and CEO of Xcel Energy. “He has been an integral part of making Xcel Energy the progressive, forward-thinking utility we are.”

Sparby held a variety of key positions throughout his tenure, including chief financial officer. Under his leadership, Xcel Energy’s operations in the Upper Midwest significantly expanded investments in renewable energy and energy efficiency. The company is now on track to reduce carbon by more than 30 percent by 2020 compared to 2005 levels, all while keeping rates affordable and competitive.

“Dave brought a unique ability to align stakeholders so that we could deliver in a way that worked for all,” Fowke said. “From cleaner power plants to transmission lines that bring wind energy to our customers, Dave drove results.”

Marvin McDaniel, senior vice president and chief administrative officer, will assume Sparby’s corporate-wide responsibilities as senior vice president, Revenue Group, Fowke said. McDaniel, a 27-year employee of Xcel Energy and its predecessor company New Century Energies, has held a variety of leadership positions in the financial operations, information technology, human resources, and rates and regulatory areas of the company. McDaniel will assume the additional responsibilities on Jan. 1.

“Marvin brings a wealth of experience to the position, allowing us to keep our forward momentum strong,” said Fowke. “Continuing to drive performance at our operating companies is a key priority for us so that we continue to deliver great results for our customers, investors and policymakers.”

Fowke said he expects to name a new president of NSP-Minnesota by the end of the year.

Xcel Energy (NYSE: XEL) is a major U.S. electricity and natural gas company with regulated operations in eight Western and Midwestern states. Xcel Energy provides a comprehensive portfolio of energy-related products and services to 3.5 million electricity customers and 1.9 million natural gas customers through its regulated operating companies. Company headquarters are located in Minneapolis.

Xcel Energy Media Relations, 612-215-5300