-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, C5WuR8FYFHC8WhOrhGdoie/Hd5UO0cLgawWiT/vZmMVtDMdFHAf0T9W1+GxeF4Vp u/GaTCgQE4X6Uiw+Xhz3uA== 0000950137-02-002563.txt : 20020430 0000950137-02-002563.hdr.sgml : 20020430 ACCESSION NUMBER: 0000950137-02-002563 CONFORMED SUBMISSION TYPE: U-13-60 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20011231 FILED AS OF DATE: 20020430 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: U-13-60 SEC ACT: 1935 Act SEC FILE NUMBER: 049-00149 FILM NUMBER: 02626250 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 U-13-60 1 c69196u-1360.txt ANNUAL REPORT UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM U-13-60 ANNUAL REPORT FOR THE PERIOD BEGINNING JANUARY 1, 2001 AND ENDING DECEMBER 31, 2001 TO THE U.S. SECURITIES AND EXCHANGE COMMISSION OF XCEL ENERGY SERVICES INC. (Exact Name of Reporting Company) A Subsidiary SERVICE COMPANY ---------- ("Mutual" or "Subsidiary") Date of Incorporation April 2, 1997 ------------- State or Sovereign Power under which Incorporated or Organized: Delaware Location of Principal Executive Offices of Reporting Company: Minneapolis, MN Name, title, and address of officer to whom correspondence concerning this report should be addressed: David E. Ripka Vice President and Controller 800 Nicollet Mall Minneapolis, MN 55402 (Name) (Title) (Address) Name of Principal Holding Company Whose Subsidiaries are served by Reporting Company: XCEL ENERGY INC. Page 1 INSTRUCTIONS FOR USE OF FORM U-13-60 1. TIME OF FILING. --Rule 94 provides that on or before the first day of May in each calendar year, each mutual service company and each subsidiary service company as to which the Commission shall have made a favorable finding pursuant to Rule 88, and every service company whose application for approval or declaration pursuant to Rule 88 is pending shall file with the Commission an annual report on Form U-13-60 and in accordance with the Instructions for that form. 2. NUMBER OF COPIES. --Each annual report shall be filed in duplicate. The company should prepare and retain at least one extra copy for itself in case correspondence with reference to the report becomes necessary. 3. PERIOD COVERED BY REPORT. --The first report filed by any company shall cover the period from the date the Uniform System of Accounts was required to be made effective as to that company under Rules 82 and 93 to the end of that calendar year. Subsequent reports should cover a calendar year. 4. REPORT FORMAT. --Reports shall be submitted on the forms prepared by the Commission. If the space provided on any sheet of such form is inadequate, additional sheets may be inserted of the same size as a sheet of the form or folded to each size. 5. MONEY AMOUNTS DISPLAYED. --All money amounts required to be shown in financial statements may be expressed in whole dollars, in thousands of dollars or in hundred thousands of dollars, as appropriate and subject to provisions of Regulation S-X (210.3-01(b)). 6. DEFICITS DISPLAYED. --Deficits and other like entries shall be indicated by the use of either brackets or a parenthesis with corresponding reference in footnotes. (Regulation S-X,210.3-01(c)) 7. MAJOR AMENDMENTS OR CORRECTIONS. --Any company desiring to amend or correct a major omission or error in a report after it has been filed with the Commission shall submit an amended report including only those pages, schedules, and entries that are to be amended or corrected. A cover letter shall be submitted requesting the Commission to incorporate the amended report changes and shall be signed by a duly authorized officer of the company. 8. DEFINITIONS. --Definitions contained in Instruction 01-8 to the Uniform System of Accounts for Mutual Service Companies and Subsidiary Service Companies, Public Utility Holding Company Act of 1935, as amended February 2, 1979 shall be applicable to words or terms used specifically within this Form U-13-60. 9. ORGANIZATION CHART. --The service company shall submit with each annual report a copy of its current organization chart. 10. METHODS OF ALLOCATION. --The service company shall submit with each annual report a listing of the currently effective methods of allocation being used by the service company and on file with the Securities and Exchange Commission pursuant to the Public Utility Holding Company Act of 1935. 11. ANNUAL STATEMENT OF COMPENSATION FOR USE OF CAPITAL BILLED. --The service company shall submit with each annual report a copy of the annual statement supplied to each associate company in support of the amount of compensation for use of capital billed during the calendar year. Page 2 LISTING OF SCHEDULES AND ANALYSIS OF ACCOUNTS
Schedule or Page Description of Schedules and Accounts Account Number Number - ------------------------------------- -------------- ------ Comparative Balance Sheets Schedule I 3-4 Service Company Property Schedule II 5 Accumulated Provision for Depreciation and Amortization of Service Company Property Schedule III 6 Investments Schedule IV 7 Accounts Receivable from Associate Companies Schedule V 8-8a Fuel Stock Expenses Undistributed Schedule VI 9 Stores Expense Undistributed Schedule VII 9 Miscellaneous Current and Accrued Assets Schedule VIII 10 Miscellaneous Deferred Debits Schedule IX 10 Research, Development, or Demonstration Expenditures Schedule X 10 Proprietary Capital Schedule XI 11 Long-Term Debt Schedule XII 12 Current and Accrued Liabilities Schedule XIII 13 Notes to Financial Statements Schedule XIV 14-14d Comparative Income Statement Schedule XV 15-15c Analysis of Billing - Associate Companies Account 457 16 Analysis of Billing - Nonassociate Companies Account 458 17 Analysis of Charges for Service - Associate and Nonassociate Companies Schedule XVI 18 Schedule of Expense by Department or Service Function Schedule XVII 19-19f Departmental Analysis of Salaries Account 920 20 Outside Services Employed Account 923 21-21g Employee Pensions and Benefits Account 926 22 General Advertising Expenses Account 930.1 23
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Schedule or Page Description of Schedules and Accounts Account Number Number - ------------------------------------- -------------- ------ Miscellaneous General Expenses Account 930.2 23a Rents Account 931 23a Taxes Other Than Income Taxes Account 408 24 Donations Account 426.1 25-25a Other Deductions Account 426.5 26 Notes to Statements of Income Schedule XVIII 27 LISTING OF INSTRUCTIONAL FILING REQUIREMENTS Organization Chart 28 Methods of Allocation 29-29a Annual Statement of Compensation for Use of Capital Billed 30 Signature Clause 31
Page 3 ANNUAL REPORT OF XCEL ENERGY SERVICES INC. SCHEDULE I--COMPARATIVE BALANCE SHEET (thousands of dollars) Give balance sheet of the Company as of December 31 of the current and prior year.
AS OF DECEMBER 31, ACCOUNT ASSETS AND OTHER DEBITS 2001 2000 - ------- ----------------------- ----- ---- SERVICE COMPANY PROPERTY 101 Service company property (Schedule II) $ - $ - 107 Construction work in progress (Schedule II) 13 8,249 ------------------ ------------------ Total Property 13 8,249 ------------------ ------------------ 108 Less accumulated provision for depreciation and amortization of service company property (Schedule III) - - ------------------ ------------------ Net Service Company Property 13 8,249 ------------------ ------------------ INVESTMENTS 123 Investments in associate companies (Schedule IV) - - 124 Other investments (Schedule IV) 3,860 - ------------------ ------------------ Total Investments 3,860 - ------------------ ------------------ CURRENT AND ACCRUED ASSETS 131 Cash 1,880 2,918 134 Special deposits - - 135 Working funds 15 10 136 Temporary cash investments (Schedule IV) - - 141 Notes receivable - - 143 Accounts receivable 455 281 144 Accumulated provision for uncollectable accounts - - 146 Accounts receivable from associate companies (Schedule V) 120,536 86,284 152 Fuel stock expenses undistributed (Schedule VI) - - 154 Materials and supplies - - 163 Stores expense undistributed (Schedule VII) - - 165 Prepayments 53,618 58,054 174 Miscellaneous current and accrued assets (Schedule VIII) - - ------------------ ------------------ Total Current and Accrued Assets 176,504 147,547 ------------------ ------------------ DEFERRED DEBITS 181 Unamortized debt expense - - 184 Clearing accounts 1,007 633 186 Miscellaneous deferred debits (Schedule IX) 22,520 6,520 188 Research, development, or demonstration expenditures (Schedule X) - - 190 Accumulated deferred income taxes - - ------------------ ------------------ Total Deferred Debits 23,527 7,153 ------------------ ------------------ TOTAL ASSETS AND OTHER DEBITS $ 203,904 $ 162,949 ================== ==================
Page 4 ANNUAL REPORT OF XCEL ENERGY SERVICES INC. SCHEDULE I--COMPARATIVE BALANCE SHEET (thousands of dollars)
AS OF DECEMBER 31, ACCOUNT LIABILITIES AND PROPRIETARY CAPITAL 2001 2000 - ------- ----------------------------------- ----- ---- PROPRIETARY CAPITAL 201 Common stock issued (Schedule XI) $ - $ - 211 Miscellaneous paid-in-capital (Schedule XI) 13 1 215 Appropriated retained earnings (Schedule XI) - - 216 Unappropriated retained earnings (Schedule XI) - - ------------------ ----------------- Total Proprietary Capital 13 1 ------------------ ----------------- LONG-TERM DEBT 223 Advances from associate companies (Schedule XII) - - 224 Other long-term debt (Schedule XII) - - 225 Unamortized premium on long-term debt - - 226 Unamortized discount on long-term debt-debit - - ------------------ ----------------- Total Long-Term Debt - - ------------------ ----------------- CURRENT AND ACCRUED LIABILITIES 231 Notes payable 47 - 232 Accounts payable 143,859 66,547 233 Notes payable to associate companies (Schedule XIII) 10,265 35,125 234 Accounts payable to associate companies (Schedule XIII) - - 236 Taxes accrued 2,473 1,246 237 Interest accrued - - 238 Dividends declared - - 241 Tax collections payable 3,840 1,813 242 Miscellaneous current and accrued liabilities (Schedule XIII) (69) 30,420 ------------------ ----------------- Total Current and Accrued Liabilities 160,415 135,151 ------------------ ----------------- DEFERRED CREDITS AND OTHER NON-CURRENT LIABILITIES 228 Accumulated provision for pension and benefits 3,019 8,473 253 Other deferred credits 30,704 13,793 255 Accumulated deferred investment tax credits - - ------------------ ----------------- Total Deferred Credits and Other Non-Current Liabilities 33,723 22,266 ------------------ ----------------- 283 ACCUMULATED DEFERRED INCOME TAXES 9,753 5,531 ------------------ ----------------- TOTAL LIABILITIES AND PROPRIETARY CAPITAL $ 203,904 $ 162,949 ================== =================
Page 5 ANNUAL REPORT OF XCEL ENERGY SERVICES INC. For the Year Ended December 31, 2001 SCHEDULE II--SERVICE COMPANY PROPERTY (thousands of dollars)
BALANCE AT RETIREMENTS OTHER BALANCE BEGINNING OR CHANGES AT CLOSE DESCRIPTION OF YEAR ADDITIONS SALES (1), (4) OF YEAR ----------- ------------- ----------- ------------- ----------- ---------- SERVICE COMPANY PROPERTY Account 301 Organization $ - $ - $ - $ - $ - 303 Miscellaneous intangible plant - - - - - 304 Land and land rights - - - - - 305 Structures and improvements - - - - - 306 Leasehold improvements - - - - - 307 Equipment (2) - - - - - 308 Office furniture and equipment - - - - - 309 Automobiles, other vehicles and - - - - - related garage equipment - - - - - 310 Aircraft and airport equipment - - - - - 311 Other service company property (3) - - - - - ------- ------- -------- ------- ------- SUB-TOTAL - - - - - 107 Construction work in progress (4) 8,249 (8,236) - 13 ------- ------- -------- ------- ------- TOTAL $ 8,249 $ - $ (8,236) $ - $ 13 ======= ======= ======== ======= =======
(1) Provide an explanation of those changes considered material: Learjet 45 was sold and leased-back. (2) Subaccounts are required for each class of equipment owned. The service company shall provide a listing by subaccount of equipment additions during the year and the balance at the close of the year: None (3) Describe other service company property: None (4) Describe construction work in progress: The balance at 12-31-01 represents the purchase of a hydraulic power unit for aircraft maintenance. Page 6 ANNUAL REPORT OF XCEL ENERGY SERVICES INC. For the Year Ended December 31, 2001 SCHEDULE III--ACCUMULATED PROVISION FOR DEPRECIATION AND AMORTIZATION OF SERVICE COMPANY PROPERTY (thousands of dollars)
BALANCE AT ADDITIONS RETIREMENTS OTHER BALANCE BEGINNING TO ACCOUNT OR CHANGES AT CLOSE DESCRIPTION OF YEAR 403 SALES (1) OF YEAR - ----------- ------------ ------------- -------------- --------- ---------- Account 301 Organization $ - $ - $ - $ - $ - 303 Miscellaneous intangible plant - - - - - 304 Land and land rights - - - - - 305 Structures and improvements - - - - - 306 Leasehold improvements - - - - - 307 Equipment - - - - - 308 Office furniture and fixtures - - - - - 309 Automobiles, other vehicles and related garage equipment - - - - - 310 Aircraft and airport equipment - - - - - 311 Other service company property - - - - - --------- --------- --------- ---------- --------- TOTAL $ - $ - $ - $ - $ - ========= ========= ========= ========== =========
(1) Provide an explanation of those changes considered material: None Page 7 ANNUAL REPORT OF XCEL ENERGY SERVICES INC. For the Year Ended December 31, 2001 SCHEDULE IV--INVESTMENTS (thousands of dollars) INSTRUCTIONS: Complete the following schedule concerning investments. Under Account 124, "Other Investments", state each investment separately, with description, including the name of issuing company, number of shares or principal amount, etc. Under Account 136, "Temporary Cash Investments", list each investment separately.
BALANCE AT BALANCE AT BEGINNING CLOSE ACCOUNT ASSETS AND OTHER DEBITS OF YEAR OF YEAR - ------- ----------------------- ---------------- ---------------- 123 Investment in associate companies $ - $ - 124 Other investments: Pacific Life Insurance Co.; Key Man Life Insurance - 3,402 US Bancorp; Rabbi Trust - 458 136 Temporary cash investments - - ---------------- ---------------- TOTAL $ - $ 3,860 ================ ================
Page 8 ANNUAL REPORT OF XCEL ENERGY SERVICES INC. For the Year Ended December 31, 2001 SCHEDULE V--ACCOUNTS RECEIVABLE FROM ASSOCIATE COMPANIES (thousands of dollars) INSTRUCTIONS: Complete the following schedule listing accounts receivable from each associate company. Where the service company has provided accommodation or convenience payments for associate companies, a separate listing of total payments for each associate company by subaccount should be provided.
BALANCE AT BALANCE AT BEGINNING CLOSE DESCRIPTION OF YEAR OF YEAR ----------- ----------------- ----------------- Account 146 -- Accounts Receivable from Associate Companies Xcel Energy Inc. $ 17,970 $ 6,953 Xcel Energy-Cadence, Inc. - 2 Cheyenne Light, Fuel and Power Company 319 370 1480 Welton, Inc. 41 42 Public Service Company of Colorado 17,480 53,362 P.S.R. Investments, Inc. 30 18 e prime, inc. 270 119 Xcel Energy International Inc. 1,507 71 Natural Station Equipment LLC 482 - Fuel Resources Development Co., a dissolved corporation 1 - PS Colorado Credit Corporation 50 56 WestGas InterState, Inc. 11 1 Utility Engineering Corporation 6,733 2,210 Quixx Corporation 531 533 Quixx Power Services, Inc. 124 - Southwestern Public Service Company 9,703 14,929 The Planergy Group, Inc. 1,293 60 Xcel Energy Communications Group Inc. 8 - Xcel Energy Retail Holdings Inc. - 82 Xcel Energy Wyco Inc. 61 3 Wyco Development LLC (36) 5 NRG Energy, Inc. (547) 816 Viking Gas Transmission Company 92 74 Eloigne Company 99 7 First Midwest Auto Park, Inc. (21) (10) United Power & Land Company 1 29 Seren Innovations, Inc. 311 160 Ultra Power Technologies, Inc. 1 (3) Energy Masters International, Inc. 165 - Black Mountain Gas Company 96 51 Natrogas, Incorporated 88 120 Northern States Power Company (Minnesota) 23,092 35,829 Northern States Power Company (Wisconsin) 5,575 3,907 Xcel Energy-Centrus, Inc. 754 9 Reddy Killowatt Corp. - 1 XERS Inc. - 728 NCE Communications, Inc. - 2 --------------------------------------- TOTAL $ 86,284 $ 120,536 ================= =================
Page 8a ANNUAL REPORT OF XCEL ENERGY SERVICES INC. For the Year Ended December 31, 2001 SCHEDULE V--ACCOUNTS RECEIVABLE FROM ASSOCIATE COMPANIES (thousands of dollars) INSTRUCTIONS: Complete the following schedule listing accounts receivable from each associate company. Where the service company has provided accommodation or convenience payments for associate companies, a separate listing of total payments for each associate company by subaccount should be provided.
TOTAL PAYMENTS ------------------- Analysis of Convenience or Accommodation Payments: Public Service Company of Colorado $ 80,454 Southwestern Public Service Company 17,369 Xcel Energy Inc. 9,806 Cheyenne Light, Fuel and Power Company 8,701 Xcel Energy-Centrus, Inc. 235 XERS Inc. 23 NCE Communications, Inc. 33 Xcel Energy International Inc. 35 ------------------- TOTAL PAYMENTS $ 116,656 ===================
The majority of convenience payments relate to insurance, employee benefits, computer and facility services. Page 9 ANNUAL REPORT OF XCEL ENERGY SERVICES INC. For the Year Ended December 31, 2001 SCHEDULE VI--FUEL STOCK EXPENSES UNDISTRIBUTED (thousands of dollars) INSTRUCTIONS: Report the amount of labor and expenses incurred with respect to fuel stock expenses during the year and indicate amount attributable to each associate company. Under the section headed "Summary" list below give an overall report of the fuel functions performed by the service company.
DESCRIPTION LABOR EXPENSE TOTAL ----------- ------------------ ------------------- ------------------ Account 152 -- Fuel Stock Expenses Undistributed $ - $ - $ - ------------------ ------------------- ------------------ TOTAL $ - $ - $ - ================== =================== ==================
Summary: None SCHEDULE VII--STORES EXPENSE UNDISTRIBUTED INSTRUCTIONS: Report the amount of labor and expenses incurred with respect to stores expenses during the year and indicate amount attributable to each associate company.
DESCRIPTION LABOR EXPENSE TOTAL ----------- ------------------ ------------------- ------------------ Account 163 -- Stores Expenses Undistributed $ - $ - $ - ------------------ ------------------- ------------------ TOTAL $ - $ - $ - ================== =================== ==================
Page 10 ANNUAL REPORT OF XCEL ENERGY SERVICES INC. For the Year Ended December 31, 2001 SCHEDULE VIII--MISCELLANEOUS CURRENT AND ACCRUED ASSETS (thousands of dollars) INSTRUCTIONS: Provide detail of items in this account. Items less than $10,000 may be grouped, showing the number of items in each group.
BALANCE AT BALANCE AT BEGINNING CLOSE DESCRIPTION OF YEAR OF YEAR ----------- ----------------------- ----------------------- Account 174 -- Miscellaneous Current and Accrued Assets $ - $ - ----------------------- ----------------------- TOTAL $ - $ - ======================= =======================
SCHEDULE IX--MISCELLANEOUS DEFERRED DEBITS (thousands of dollars) INSTRUCTIONS: Provide detail of items in this account. Items less than $10,000 may be grouped by class showing the number of items in each class.
BALANCE AT BALANCE AT BEGINNING CLOSE DESCRIPTION OF YEAR OF YEAR ----------- ----------------------- ----------------------- Account 186 -- Miscellaneous Deferred Debits Prepaid pension 6,520 22,520 ----------------------- ----------------------- TOTAL $ 6,520 $ 22,520 ======================= =======================
SCHEDULE X--RESEARCH, DEVELOPMENT OR DEMONSTRATION EXPENDITURES (thousands of dollars) INSTRUCTIONS: Provide a description of each material research, development, or demonstration project which incurred costs by the service corporation during the year.
BALANCE AT BALANCE AT BEGINNING CLOSE DESCRIPTION OF YEAR OF YEAR ----------- ----------------------- ----------------------- Account 188 -- Research, Development, or Demonstration Expenditures $ - $ - ----------------------- ----------------------- TOTAL $ - $ - ======================= =======================
Page 11 ANNUAL REPORT OF XCEL ENERGY SERVICES INC. For the Year Ended December 31, 2001 SCHEDULE XI--PROPRIETARY CAPITAL (thousands of dollars, except per share data)
OUTSTANDING AT PAR OR CLOSE OF PERIOD NUMBER OF STATED --------------- ACCOUNT SHARES VALUE NUMBER TOTAL NUMBER CLASS OF STOCK AUTHORIZED PER SHARE OF SHARES AMOUNT - ------ -------------- ---------- --------- --------- ------ 201 Common Stock Issued 1,000 $0.01 1,000 $ -
INSTRUCTIONS: Classify amounts in each account with a brief explanation, disclosing the general nature of transactions which give rise to the amounts.
DESCRIPTION AMOUNT - ----------- ------------- Account 211 -- Miscellaneous Paid-In Capital $ 1 --Accumulated Other Comprehensive Income: unrealized investments gains $ 12 Account 215 -- Appropriated Retained Earnings - ------------- TOTAL $ 13 =============
INSTRUCTIONS: Give particulars concerning net income or (loss) during the year, distinguishing between compensation for the use of capital owned or net loss remaining from servicing nonassociates per the General Instructions of the Uniform System of Accounts. For dividends paid during the year in cash or otherwise, provide rate percentage, amount of dividend, date declared and date paid.
BALANCE AT BALANCE BEGINNING NET INCOME DIVIDENDS AT CLOSE DESCRIPTION OF YEAR OR (LOSS) PAID OF YEAR - ----------- ------- --------- ---- ------- Account 216 -- Unappropriated Retained Earnings $ - $ - $ - $ - ------------ ------------ ------------- -------------- TOTAL $ - $ - $ - $ - ============ ============ ============= ==============
Page 12 ANNUAL REPORT OF XCEL ENERGY SERVICES INC. For the Year Ended December 31, 2001 SCHEDULE XII--LONG-TERM DEBT (thousands of dollars) INSTRUCTIONS: Advances from associate companies should be reported separately for advances on notes and advances on open accounts. Names of associate companies from which advances were received shall be shown under the class and series of obligation column. For Account 224 - Other long-term debt provide the name of creditor company or organization, terms of the obligation, date of maturity, interest rate, and the amount authorized and outstanding.
TERM OF OBLIGATION BALANCE AT BALANCE CLASS & SERIES DATE OF INTEREST AMOUNT BEGINNING DEDUCTIONS AT CLOSE NAME OF CREDITOR OF OBLIGATION MATURITY RATE AUTHORIZED OF YEAR ADDITIONS (1) OF YEAR - ----------------------- ------------------ --------- -------- ------------ ---------- ----------- ----------- ----------- Account 223 - Advances From Associate Companies: $ - $ - $ - $ - $ - Account 224 - Other Long-Term Debt: - - - - - ------------ ---------- ----------- ----------- ----------- TOTAL $ - $ - $ - $ - $ - ============ ========== =========== =========== ===========
(1) Give an explanation of deductions: None Page 13 ANNUAL REPORT OF XCEL ENERGY SERVICES INC. For the Year Ended December 31, 2001 SCHEDULE XIII--CURRENT AND ACCRUED LIABILITIES (thousands of dollars) INSTRUCTIONS: Provide balance of notes and accounts payable to each associate company. Give description and amount of miscellaneous current and accrued liabilities. Items less than $10,000 may be grouped, showing the number of items in each group.
BALANCE AT BALANCE AT BEGINNING CLOSE DESCRIPTION OF YEAR OF YEAR ----------- -------------------- -------------------- Account 233 -- Notes Payable to Associate Companies Notes Payable - Xcel Energy Inc. $ 35,125 $ 10,265 -------------------- -------------------- TOTAL $ 35,125 $ 10,265 ==================== ==================== Account 234 -- Accounts Payable to Associate Companies $ - $ - -------------------- -------------------- TOTAL $ - $ - ==================== ==================== Account 242 -- Miscellaneous Current and Accrued Liabilities Accrued Vacation Liability $ 11,900 $ - Supplemental Executive Retirement Plan 852 0 Payroll 1,053 - Current Liability - Outstanding Accounts Payable checks 16,615 - Current Liability - Suspense account (billed out in January 2002) - (69) -------------------- -------------------- TOTAL $ 30,420 $ (69) ==================== ====================
Page 14 ANNUAL REPORT OF XCEL ENERGY SERVICES INC. For the Year Ended December 31, 2001 SCHEDULE XIV - NOTES TO FINANCIAL STATEMENTS INSTRUCTIONS: The space below is provided for important notes regarding the financial statements or any account thereof. Furnish particulars as to any significant contingent assets or liabilities existing at the end of the year. Notes relating to financial statements shown elsewhere in this report may be indicated here by reference. 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES ORGANIZATION AND FINANCIAL STATEMENT PRESENTATION Xcel Energy Services Inc. (XES or the Company) is a wholly owned subsidiary of Xcel Energy Inc. (Xcel Energy). XES is the service company for Xcel Energy and its subsidiaries and began its operations effective August 1, 2000. XES provides various administrative, management, environmental and other support services to Xcel Energy and its subsidiaries, at cost, pursuant to service agreements approved by the Securities and Exchange Commission (SEC) under the Public Utility Holding Company Act of 1935 (PUHCA). The majority of the services performed by XES for Xcel Energy and its subsidiaries are provided to Xcel Energy's four major operating utilities, Northern States Power Company, a Minnesota corporation (NSP-Minnesota), Northern States Power Company, a Wisconsin corporation (NSP-Wisconsin), Public Service Company of Colorado and Southwestern Public Service Company. On August 18, 2000, New Century Energies, Inc. (NCE) and Northern States Power Company (NSP) merged and formed Xcel Energy. Each share of NCE common stock was exchanged for 1.55 shares of Xcel Energy common stock. NSP shares became Xcel Energy shares on a one-for-one basis. The merger was structured as a tax-free, stock-for-stock exchange for shareholders of both companies (except for fractional shares), and accounted for as a pooling-of-interests. Pursuant to the merger agreement, NCE was merged with and into NSP. NSP, as the surviving legal corporation, changed its name to Xcel Energy. REGULATION XES is subject to regulation by the SEC under the PUHCA. XES' accounting policies conform to accounting principles generally accepted in the United States of America. XES maintains its accounts in accordance with the Uniform System of Accounts Prescribed for Public Utilities and Licensees subject to the Provisions of the Federal Power Act promulgated by the Federal Energy Regulatory Commission. USE OF ESTIMATES The preparation of financial statements, in conformity with accounting principles generally accepted in the United States of America, requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. FAIR VALUE OF FINANCIAL INSTRUMENTS The carrying amount of financial instruments approximates fair value. Fair values have been determined through information obtained from market sources and management estimates. Page 14a INCOME TAXES The Company's operations are included in the consolidated Federal income tax return of Xcel Energy. The allocation of income tax consequences to the Company, including alternative minimum tax, is calculated under a parent company policy which provides that benefits or liabilities created by the Company, computed on a separate return basis, will be allocated to (and paid to or by) the Company to the extent the benefits are usable or additional liabilities are incurred in Xcel Energy's consolidated tax returns. Deferred taxes are provided on temporary differences between the financial accounting and tax bases of assets and liabilities using the tax rates that are in effect at the balance sheet date (see Note 6). STOCK-BASED COMPENSATION The Company uses the intrinsic value based method of accounting for its stock-based compensation plan. 2. COMMON STOCK XES is authorized to issue 1,000 shares of Common Stock at a par value of one cent ($0.01) per share. As of December 31, 2001, all shares of common stock were issued and held by Xcel Energy. 3. SHORT-TERM BORROWINGS At December 31, 2001, Xcel Energy had $800 million in credit facilities with several banks.
PERIOD BEGINNING TERM CREDIT LINE November 2001 364 days $ 400 million November 2000 5 years $ 400 million
The Board of Directors has authorized the Company to borrow directly from Xcel Energy. At December 31, intercompany borrowings outstanding and weighted average interest rate were as follows (dollars in thousands):
2001 2000 Intercompany borrowings................. $10,265 $35,125 Weighted average interest rate.......... 2.74% 6.99%
4. COMMITMENTS AND CONTINGENCIES LEASING PROGRAMS The Company made payments for leases of various facilities used in the normal course of business. The majority of the operating leases are under a leasing program that has initial noncancelable terms of one year, while the remaining leases have various terms. These leases may be renewed or replaced. No material restrictions exist in these leasing agreements concerning dividends, additional debt, or further leasing. Rental expense for the year ended December 31, 2001 and for the five months ended December 31, 2000 was approximately $7.4 million and $4.4 million, respectively. Estimated future minimum lease payments at December 31, 2001 are as follows (Thousands of dollars): 2002.................... $ 9,119 2003.................... 8,640 2004.................... 8,168 2005.................... 7,420 2006.................... 6,156 All years thereafter.... 4,872
Page 14b TECHNOLOGY AGREEMENT XES has a service agreement that extends through 2011 with International Business Machines Corporation (IBM) to manage most of XES's information technology systems and network infrastructure. This service agreement provides the Company with flexibility as to the amount, type and quality of service provided by IBM. The contract is cancelable at our option, although there are financial penalties for early termination. For the year ended December 31, 2001 and for the five months ended December 31, 2000, XES payments to IBM were approximately $130 million and $51 million, respectively. The contract also commits us to pay a minimal amount each year from 2002 through 2011. 5. BENEFIT PLANS AND OTHER POSTRETIREMENT BENEFITS PENSIONS The Company participates in various tax qualified noncontributory defined benefit pension plans, which cover substantially all Xcel Energy employees. At December 31, 2001, there were 16,340 Xcel Energy employees (including 2,977 Company employees) participating in these plans. Xcel Energy, as the plan sponsor, has overall responsibility for directly allocating such costs of each individual plan to each of the participating employers. The plans' actuary determined this allocation based on benefit obligations for active participants. Benefits are based on a combination of years of service, the employee's average pay and Social Security benefits. Xcel Energy's policy is to fully fund into an external trust the actuarially determined pension costs recognized for ratemaking and financial reporting purposes, subject to the limitations of applicable employee benefit and tax laws. Plan assets principally consist of the common stock of public companies, corporate bonds and U.S. government securities. Summary information of the actuarially computed benefit obligation, plan assets, funded status and prepaid pension asset for the Xcel Energy plans at December 31, 2001 and 2000, is presented in the following table (in thousands):
2001 2000 ---- ---- Benefit obligation......................................... $ 2,409,186 $ 2,254,138 Fair value of plan assets.................................. 3,267,586 3,689,157 ------------ ------------ Funded status: Plan assets exceed benefit obligations...... $ 858,400 $ 1,435,019 ============ ============ Xcel Energy prepaid pension asset.......................... $ 378,825 $ 225,134 ============ ============
The Company's net periodic pension credit for the year ended December 31, 2001 and for the five months ended December 31, 2000 was $15,903,000 and $2,894,000, respectively. Significant assumptions used by the Company's actuary in the determination of these amounts are presented in the following table:
2001 2000 ---- ---- Significant assumptions: Discount rate for year-end valuation.................... 7.25% 7.75% Expected long-term increase in compensation level....... 4.5% 4.5% Expected average long-term rate of return on assets..... 9.5% 8.5-10.0%
Page 14c DEFINED CONTRIBUTION PLANS The Company participates in various defined contribution plans, which cover substantially all Xcel Energy employees. Total contributions to these plans by Xcel Energy were approximately $29 million and $23 million in 2001 and 2000, respectively. Xcel Energy has a leveraged employee stock ownership plan (ESOP) that covers substantially all employees of the former NSP. Xcel Energy makes contributions to this noncontributory, defined contribution plan to the extent we realize a tax savings from dividends paid on certain ESOP shares. ESOP contributions have no material effect on Xcel Energy earnings because the contributions are essentially offset by the tax savings provided by the dividends paid on ESOP shares. Xcel Energy allocates leveraged ESOP shares to participants when it repays ESOP loans with dividends on stock held by the ESOP. POSTRETIREMENT HEALTH CARE BENEFITS The Company participates in various health and welfare plans administered by Xcel Energy. Xcel Energy has contributory health and welfare benefit plans that provide health care and death benefits to most Xcel Energy retirees. The NSP plan was terminated for nonbargaining employees retiring after 1998 and for bargaining employees after 1999. In conjunction with the 1993 adoption of Statement of Financial Accounting Standards No. 106 - "Employers' Accounting for Postretirement Benefits Other Than Pensions," Xcel Energy elected to amortize the unrecognized accumulated postretirement benefit obligation (APBO) on a straight-line basis over 20 years. Plan assets are held in external funding trusts and principally consist of investments in equity mutual funds, fixed income securities and cash equivalents. Summary information of the actuarially computed benefit obligation, plan assets, funded status and accrued benefit cost for the Xcel Energy plans at December 31 is presented in the following table (in thousands):
2001 2000 ---- ---- Benefit obligation......................................... $ 687,455 $ 576,727 Fair value of plan assets.................................. 242,803 223,266 ------------ ------------ Funded status: Plan obligations exceed assets.............. $ 444,652 $ 353,461 ============ ============ Xcel Energy accrued benefit liability recorded............. $ 137,140 $ 153,253 ============ ============
The Company's net periodic postretirement benefit cost for the year ended December 31, 2001 and for the five months ended December 31, 2000 was $2,120,000 and $601,000, respectively. Significant assumptions used by the Company's actuary in the determination of these amounts are presented in the following table:
2001 2000 ---- ---- Significant assumptions: Discount rate for year-end valuation..................... 7.25% 7.75% Expected average long-term rate of return on assets...... 9.0% 8.0-9.5%
The assumed health care cost trend rate in 2001 is approximately 8.0 percent, decreasing gradually to 5.5 percent in 2007 and remaining level thereafter. A 1-percent increase in the assumed health care cost trend rate would increase the Company's total accumulated benefit obligation by approximately $3,716,000 and the service and interest cost components of net periodic postretirement benefit costs by approximately $ 338,000. A 1-percent decrease in the assumed health care cost trend rate will decrease the Company's total accumulated benefit obligation by approximately $ 3,066,000 and the service and interest cost components of net periodic postretirement benefit costs by approximately $ 274,000. Page 14d 6. INCOME TAXES The provision for income taxes for the year ended December 31, 2001 and for the five months ended December 31, 2000 consist of the following (in thousands of dollars):
2001 2000 ---- ---- Current income taxes: Federal.................................. $ (3,614) $ (1,312) State.................................... (405) 81 --------------- -------------- Total current income taxes............... (4,019) (1,231) --------------- --------------- Deferred income taxes: Federal.................................. 3,792 1,317 State.................................... 430 209 -------------- -------------- Total deferred income taxes............ 4,222 1,526 -------------- -------------- Total provision for income taxes............ $ 203 $ 295 ============== ==============
A reconciliation of the statutory U.S. income tax rate and the effective tax rates for the year ended December 31, 2001 and for the five months ended December 31, 2000 follows (dollars in thousands):
2001 2000 ---- ---- Tax computed at U.S. statutory rate on pre-tax accounting income........................ $ 71 35% $ 103 35% Increase (decrease) in tax from: State income taxes, net of Federal income tax benefit.................................. 16 8 189 64 Non-deductible business meals............... 116 57 168 57 Other....................................... - - (165) (56) --------- --------- --------- ---------- Total income taxes.......................... $ 203 100% $ 295 100% ========= ========== ========= ==========
The tax effects of significant temporary differences representing deferred tax liabilities and assets are as follows (in thousands):
2001 2000 ---- ---- Deferred income tax liabilities: Information systems charges.............. $ 6,575 $ 8,614 Pension related costs.................... 2,566 - Rent adjustments......................... 1,438 1,438 Incentive compensation................... 413 413 Other.................................... - 59 ------------ ------------ Total.................................. $ 10,992 $ 10,524 ----------- ----------- Deferred income tax assets: Postretirement benefit costs............. $ 1,200 $ 3,815 Pension related costs.................... - 1,139 Vacation liability....................... 39 39 ------------ ------------ Total.................................. $ 1,239 $ 4,993 ----------- ----------- Net deferred income tax liability........... $ 9,753 $ 5,531 ============ ============
Page 15 ANNUAL REPORT OF XCEL ENERGY SERVICES INC. For the Year Ended December 31, 2001 SCHEDULE XV--STATEMENT OF INCOME (thousands of dollars)
CURRENT PRIOR ACCOUNT DESCRIPTION YEAR YEAR (5 MOS) - ------- ----------- ---- ------------ INCOME 457 Services rendered to associate companies $ 663,190 $ 197,973 458 Services rendered to nonassociate companies - - 421 Miscellaneous income and loss - - ------------------ ---------------- TOTAL INCOME 663,190 197,973 ------------------ ---------------- EXPENSES 500 Operation supervision and engineering - 668 501 Fuel - 8 502 Steam expenses - 177 505 Electric expenses - 2 506 Miscellaneous steam power expenses - 3,134 510 Maintenance supervision and engineering - 646 511 Maintenance of structures - 1 512 Maintenance of boiler plant - 34 513 Maintenance of electric plant - 98 514 Maintenance of miscellaneous steam plant - 108 517 Supervision and engineering-nuclear power generation - 5 520 Steam expenses-nuclear power generation - 7 524 Nuclear power expenses - 248 528 Maintenance and supervision-nuclear power generation - 75 530 Maintenance of reactor-nuclear power generation - 29 531 Nuclear power generation-electric plant - 14 535 Operation supervision and engineering - 5 537 Hydraulic expenses - 3 538 Electric expenses - 1 539 Miscellaneous hydraulic power generation expenses - 81 541 Maintenance supervision and engineering - 3 543 Maintenance of reservoirs, dams and waterways - 1 545 Maintenance of miscellaneous hydro plant - 7 546 Operation supervision and engineering - 20 548 Generation expenses - 67 549 Miscellaneous other power generation expenses - 92 551 Maintenance supervision and engineering - 34 553 Maintenance of generating and electric plant - 21 554 Maintenance of miscellaneous power generation plant - 1 556 System control and load dispatching - 64 557 Miscellaneous production expenses - 1,997 560 Operation supervision and engineering - 251 561 Load dispatching - 827 562 Station expenses - 21 563 Overhead line expenses - 170
Page 15a ANNUAL REPORT OF XCEL ENERGY SERVICES INC. For the Year Ended December 31, 2001 SCHEDULE XV--COMPARATIVE INCOME STATEMENT (thousands of dollars)
CURRENT PRIOR ACCOUNT DESCRIPTION YEAR YEAR (5 mos) - ------- ----------- ---- ------------ 566 Miscellaneous transmission expenses - 351 568 Maintenance supervision and engineering - 33 571 Maintenance of overhead lines - 87 572 Maintenance of underground lines-electric transmission - 3 573 Maintenance of miscellaneous transmission plant - 39 580 Operation supervision and engineering - 324 581 Load dispatching - 79 582 Station expenses - 182 583 Overhead line expenses - 16 584 Underground line expenses - 29 585 Street lighting and signal system expenses - 1 586 Meter expenses - 112 587 Customer installation expenses - 30 588 Miscellaneous distribution expenses - 1,745 590 Maintenance supervision and engineering - 38 592 Maintenance of station equipment - 36 593 Maintenance of overhead lines - 109 594 Maintenance of underground lines - 4 595 Maintenance of line transformers - 2 596 Maintenance of street lighting and signal systems - 2 597 Maintenance of meters - 1 598 Maintenance of miscellaneous distribution plant - 54 710 Supervision-gas manufactured - 7 807 Purchased gas expenses - 152 813 Other gas supply expenses - 334 814 Operation supervision and engineering - 5 818 Compressor station expenses - 6 820 Measuring and regulating station expenses - 4 824 Other expenses - 6 840 Supervision and engineering-other storage expense - 2 841 Other storage expenses - 7 850 Operation supervision and engineering - 52 851 System control and load dispatching - 384 852 Communication system expenses - 71 853 Compressor station labor and expenses - 7 856 Mains expenses - 31 857 Measuring and regulating station expenses - 2 859 Other expenses - 64 861 Maintenance supervision and engineering - 5 864 Maintenance of compressor station equipment - 2 865 Maintenance of measuring and regulating station equipment - 1 870 Operation supervision and engineering - 145
Page 15b ANNUAL REPORT OF XCEL ENERGY SERVICES INC. For the Year Ended December 31, 2001 SCHEDULE XV--COMPARATIVE INCOME STATEMENT (thousands of dollars)
CURRENT PRIOR ACCOUNT DESCRIPTION YEAR YEAR (5 mos) - ------- ----------- ---- ------------ 871 Distribution load dispatching - 246 874 Mains and services expenses - 70 875 Measuring and regulating station expenses - general - 7 877 Measuring and regulating station expenses - city gate - 5 878 Meter and house regulator expenses - 3 879 Customer installation expenses - 20 880 Other expenses - 752 885 Maintenance supervision and engineering - 47 887 Maintenance of mains - 6 892 Maintenance of services - 6 893 Maintenance of meters and house regulators - 15 894 Maintenance of other equipment - 4 901 Supervision - 883 902 Meter reading expenses - 422 903 Customer records and collection expenses - 14,626 904 Uncollectible accounts - 2 905 Miscellaneous customer accounts expenses - 132 907 Supervision - 337 908 Customer assistance expenses - 1,644 909 Informational and instructional advertising expenses - 112 910 Miscellaneous customer service and informational expenses - 848 911 Supervision - 126 912 Demonstrating and selling expenses - 7,567 913 Advertising expense-sales - 14 916 Miscellaneous sales expense - 88 920 Salaries and wages 182,460 42,104 921 Office supplies and expenses 295,794 73,083 922 Administrative expenses transferred - credit 5,414 2,044 923 Outside services employed 73,114 6,165 924 Property insurance (573) - 925 Injuries and damages 3,528 702 926 Employee pensions and benefits 52,339 14,141 928 Regulatory commission expenses - 96 930.1 General advertising expenses 8,917 672 930.2 Miscellaneous general expenses 3,226 1,293 931 Rents 6,698 4,364 932 Maintenance of structures and equipment - 1 935 Maintenance of general plant - 40
Page 15c ANNUAL REPORT OF XCEL ENERGY SERVICES INC. For the Year Ended December 31, 2001 SCHEDULE XV--COMPARATIVE INCOME STATEMENT (thousands of dollars)
CURRENT PRIOR ACCOUNT DESCRIPTION YEAR YEAR (5 mos) - ------- ----------- ---- ------------ 403 Depreciation and amortization expense - - 408 Taxes other than income taxes 13,034 3,987 409 Income taxes (4,019) (1,231) 410 Provision for deferred income taxes 4,222 3,585 411 Provision for deferred income taxes - credit - (2,059) 411.5 Investment tax credit - - 416 Expense from merchandise jobbing and contract work - 179 417.1 Expenses of nonutility operations - 1,639 426.1 Donations 5,753 2,293 426.5 Other deductions 10,962 1,324 427 Interest on long-term debt - - 430 Interest on debt to associate companies 2,310 2,085 431 Other interest expense 11 - ------------------ ---------------- TOTAL EXPENSE 663,190 197,973 ------------------ ---------------- NET INCOME OR (LOSS)$ - $ - ================== ================
Page 16 ANNUAL REPORT OF XCEL ENERGY SERVICES INC. For the Year Ended December 31, 2001 ANALYSIS OF BILLING ASSOCIATE COMPANIES--ACCOUNT 457 (thousands of dollars)
DIRECT INDIRECT COMPENSATION TOTAL COSTS COSTS FOR USE AMOUNT NAME OF ASSOCIATE COMPANY CHARGED CHARGED OF CAPITAL BILLED - ---------------------------------------------------- ------------- ------------- -------------- ------------- 457-1 457-2 457-3 Public Service Company of Colorado 180,831 51,080 1,115 233,026 Southwestern Public Service Company 52,527 19,732 253 72,512 Cheyenne Light, Fuel and Power Company 2,463 1,210 27 3,700 1480 Welton, Inc. 6 334 - 340 e prime, inc. 890 402 8 1,300 PS Colorado Credit Corporation 43 423 1 467 P.S.R. Investments, Inc. 45 140 - 185 WestGas InterState, Inc. 28 4 - 32 Utility Engineering Corporation 2,660 1,293 159 4,112 Xcel Energy Inc. 7,265 3,346 49 10,660 Natural Station Equipment LLC 51 (51) 51 51 Xcel Energy International Inc. 708 103 5 816 Xcel Energy-Cadence, Inc. 6 1 - 7 Public Service Company of Co. (Hayden) 362 17 - 379 The Planergy Group, Inc. 596 155 224 975 Xcel Energy-Centrus, Inc. 2,429 35 46 2,510 Fuel Resources Development, Co. (dissolved) 1 - - 1 Public Service Company of Co. (Tri-State) 165 - - 165 Xcel Energy WYCO Inc. 12 16 2 30 Xcel Energy Retail Holdings Inc. 83 - - 83 NCE Communications, Inc. 28 21 - 49 XERS Inc. 1,779 70 3 1,852 Northern States Power (Minnesota) 238,000 51,097 313 289,410 Northern States Power (Wisconsin) 20,025 8,791 37 28,853 NRG Energy, Inc. 818 6,005 9 6,832 Viking Gas Transmission Company 347 428 1 776 Eloigne Company 22 76 1 99 First Midwest Auto Park, Inc. 14 18 - 32 Reddy Kilowatt Corporation 4 8 - 12 United Power and Land Company 185 23 - 208 Seren Innovations, Inc. 510 876 3 1,389 Ultra Power Technologies, Inc. 29 4 - 33 Energy Masters International, Inc. 687 546 1 1,234 Black Mountain Gas Company 226 183 1 410 Natrogas, Incorporated 248 401 1 650 --------------------------------------------------------------------- TOTAL 514,093 146,787 2,310 663,190 =====================================================================
Page 17 ANNUAL REPORT OF XCEL ENERGY SERVICES INC. For the Year Ended December 31, 2001 ANALYSIS OF BILLING NONASSOCIATE COMPANIES--ACCOUNT 458 (thousands of dollars) INSTRUCTIONS: Provide a brief description of the services rendered to each nonassociate company:
NAME OF DIRECT INDIRECT COMPENSATION EXCESS TOTAL NONASSOCIATE COSTS COSTS FOR USE TOTAL OR AMOUNT COMPANY CHARGED CHARGED OF CAPITAL COST DEFICIENCY BILLED - -------------- ---------------- ---------------- ----------------- ----------- -------------- ---------- 458-1 458-2 458-3 458-4 None
Page 18 ANNUAL REPORT OF XCEL ENERGY SERVICES INC. For the Year Ended December 31, 2001 SCHEDULE XVI--ANALYSIS OF CHARGES FOR SERVICE--ASSOCIATE AND NONASSOCIATE COMPANIES (thousands of dollars) INSTRUCTIONS: Total cost of service will equal for associate and nonassociate companies the total amount billed under their separate analysis of billing schedules.
ASSOCIATE COMPANY CHARGES NONASSOCIATE COMPANY CHARGES ------------------------- ---------------------------- DIRECT INDIRECT ACCOUNT DESCRIPTION OF ITEMS COST COST TOTAL (NONE) - ------- -------------------- ----------- ------------ ----------- 920 Salaries and wages 153,167 29,293 182,460 921 Office supplies and expenses 243,666 52,128 295,794 922 Administrative expense transferred - credit 5,414 - 5,414 923 Outside services employed 54,331 18,783 73,114 924 Property insurance (573) - (573) 925 Injuries and damages 3,749 (221) 3,528 926 Employee pensions and benefits 43,123 9,216 52,339 928 Regulatory commission expense - - - 930.1 General advertising expenses 1,909 7,008 8,917 930.2 Miscellaneous general expense 990 2,236 3,226 931 Rents 4,734 1,964 6,698 932 Maintenance of structures and equipment - - - 403 Depreciation and amortization expense - - - 408 Taxes other than income taxes 10,630 2,404 13,034 409 Income taxes (4,019) - (4,019) 410 Provision for deferred income taxes 4,222 - 4,222 411 Provision for deferred income taxes-credit - - - 411.5 Investment tax credit - 426.1 Donations 5,643 110 5,753 426.5 Other deductions 9,492 1,470 10,962 427 Interest on long-term debt - - - 431 Other interest expense 11 - 11 --------------------------------------- TOTAL EXPENSES 536,489 124,391 660,880 --------------------------------------- Compensation for use of equity capital - - - 430 Interest on debt to associate companies 2,310 2,310 --------------------------------------- TOTAL COST OF SERVICE $ 538,799 $ 124,391 $ 663,190 =======================================
Page 19 ANNUAL REPORT OF XCEL ENERGY SERVICES INC. For the Year Ended December 31, 2001 SCHEDULE XVII--SCHEDULE OF EXPENSE BY DEPARTMENT OR SERVICE FUNCTION (thousands of dollars) INSTRUCTIONS: Indicate each department or service function. (See Instruction 01-3 General Structure of Accounting System: Uniform System of Accounts).
DEPARTMENT OR SERVICE FUNCTION ----------------------------------------------- TOTAL EXECUTIVE INVESTOR INTERNAL ACCOUNT DESCRIPTION OF ITEMS AMOUNT OVERHEAD MGMT SRVS RELATIONS AUDIT LEGAL - ------- -------------------- ------ --------- ---------- ---------- ------- ----- 920 Salaries and wages 182,460 - 2,525 602 1,551 3,596 921 Office supplies and expenses 295,794 - 6,726 2,669 155 2,667 922 Administrative expense transferred - credit 5,414 - - - - - 923 Outside services employed 73,114 - 32 630 39 954 924 Property insurance (573) - - - - - 925 Injuries and damages 3,528 - 24 5 13 32 926 Employee pensions and benefits 52,339 - 724 177 456 1,048 928 Regulatory commission expense - - - - - - 930.1 General advertising expenses 8,917 - - - - - 930.2 Miscellaneous general expense 3,226 - 1,755 1 - - 931 Rents 6,698 - 133 61 67 160 932 Maintenance of structures and equipment - - - - - - 935 Maintenance of general plant - - - - - - 403 Depreciation and amortization expense - - - - - - 408 Taxes other than income taxes 13,034 - 201 41 110 258 409 Income taxes (4,019) - - - - - 410 Provision for deferred income taxes 4,222 - - - - - 411 Provision for deferred income taxes-credit - - - - - - 411.5 Investment tax credit - - - - - - 426.1 Donations 5,753 - 8 6 - - 426.5 Other deductions 10,962 - 22 338 - 7 427 Interest on long-term debt - - - - - - 430 Interest on debt to associate companies 2,310 - - - - - 431 Other interest expense 11 - - - - - ------------------------------------------------------------------------- TOTAL EXPENSES $ 663,190 $ - $ 12,150 $ 4,530 $ 2,391 $ 8,722 =========================================================================
Page 19a ANNUAL REPORT OF XCEL ENERGY SERVICES INC. For the Year Ended December 31, 2001 SCHEDULE XVII--SCHEDULE OF EXPENSE BY DEPARTMENT OR SERVICE FUNCTION (thousands of dollars) INSTRUCTIONS: Indicate each department or service function. (See Instruction 01-3 General Structure of Accounting System: Uniform System of Accounts).
DEPARTMENT OR SERVICE FUNCTION ----------------------------------------------------------------------------- CORP CLAIMS CORPORATE EMPLOYEE STRATEGY & GOVERNMENT ACCOUNT DESCRIPTION OF ITEMS SERVICES COMMUNICATIONS COMMUNICATIONS BUS DEVELOP AFFAIRS - ------- -------------------- -------- -------------- -------------- ----------- ------- 920 Salaries and wages 546 3,231 - 3,308 862 921 Office supplies and expenses 138 7,805 404 4,032 728 922 Administrative expense transferred - credit - - - - - 923 Outside services employed 44 3,873 - 5,397 96 924 Property insurance - - - - - 925 Injuries and damages 17 23 - 28 8 926 Employee pensions and benefits 160 900 - 896 256 928 Regulatory commission expense - - - - - 930.1 General advertising expenses - 8,806 - - - 930.2 Miscellaneous general expense - - - 5 138 931 Rents 27 134 - 533 71 932 Maintenance of structures and equipment - - - - - 935 Maintenance of general plant - - - - - 403 Depreciation and amortization expense - - - - - 408 Taxes other than income taxes 40 188 - 219 60 409 Income taxes - - - - - 410 Provision for deferred income taxes - - - - - 411 Provision for deferred income taxes-credit - - - - - 411.5 Investment tax credit - - - - - 426.1 Donations - 5,450 - - 16 426.5 Other deductions - (36) - - 2,810 427 Interest on long-term debt - - - - - 430 Interest on debt to associate companies - - - - - 431 Other interest expense - - - - - ----------------------------------------------------------------------------- TOTAL EXPENSES $ 972 $ 30,374 $ 404 $ 14,418 $ 5,045 =============================================================================
19b ANNUAL REPORT OF XCEL ENERGY SERVICES INC. For the Year Ended December 31, 2001 SCHEDULE XVII--SCHEDULE OF EXPENSE BY DEPARTMENT OR SERVICE FUNCTION (thousands of dollars) INSTRUCTIONS: Indicate each department or service function. (See Instruction 01-3 General Structure of Accounting System: Uniform System of Accounts).
DEPARTMENT OR SERVICE FUNCTION ----------------------------------------------------------------------------- FACILITIES SUPPLY CHAIN FACILITIES & ADMINISTRATIVE SUPPLY SPECIAL HUMAN FINANCE & ACCOUNT DESCRIPTION OF ITEMS REAL ESTATE SERVICES CHAIN PROGRAMS RESOURCES TREASURY - ------- -------------------- ----------- -------- ----- -------- --------- -------- 920 Salaries and wages 2,024 1,593 5,542 329 12,889 2,333 921 Office supplies and expenses 2,671 2,023 10,488 574 16,175 1,926 922 Administrative expense transferred - credit (309) (25) - - - - 923 Outside services employed 2,583 3,496 6,100 12 8,915 606 924 Property insurance - 2 - - 6 (591) 925 Injuries and damages 16 13 53 3 156 72 926 Employee pensions and benefits 586 609 2,145 123 3,543 654 928 Regulatory commission expense - - - - - - 930.1 General advertising expenses - - 27 - - - 930.2 Miscellaneous general expense - - 96 - 2 - 931 Rents 868 112 375 17 608 105 932 Maintenance of structures and equipment - - - - - - 935 Maintenance of general plant - - - - - - 403 Depreciation and amortization expense - - - - - - 408 Taxes other than income taxes 149 109 453 26 924 150 409 Income taxes - - - - - - 410 Provision for deferred income taxes - - - - - - 411 Provision for deferred income taxes-credit - - - - - - 411.5 Investment tax credit - - - - - - 426.1 Donations - - 2 - 1 1 426.5 Other deductions 2 1 - - - 1 427 Interest on long-term debt - - - - - - 430 Interest on debt to associate companies - - - - - - 431 Other interest expense - - - - - - ----------------------------------------------------------------------------- TOTAL EXPENSES $ 8,590 $ 7,933 $ 25,281 $ 1,084 $ 43,219 $ 5,257 =============================================================================
19c ANNUAL REPORT OF XCEL ENERGY SERVICES INC. For the Year Ended December 31, 2001 SCHEDULE XVII--SCHEDULE OF EXPENSE BY DEPARTMENT OR SERVICE FUNCTION (thousands of dollars) INSTRUCTIONS: Indicate each department or service function. (See Instruction 01-3 General Structure of Accounting System: Uniform System of Accounts).
DEPARTMENT OR SERVICE FUNCTION ---------------------------------------------------------------------- ACCOUNTING BUSINESS UNIT FINANCIAL RPTG ACCOUNTING PAYMENT & RECEIPTS ACCOUNT DESCRIPTION OF ITEMS AND TAXES AND BUDGETING REPORTING PROCESSING PAYROLL - ------- -------------------- --------- ------------- --------- ---------- ------- 920 Salaries and wages 9,123 14,701 1,484 441 808 921 Office supplies and expenses 19,991 61,696 243 52 419 922 Administrative expense transferred - credit (454) 3 - - (154) 923 Outside services employed 3,409 4,566 505 107 370 924 Property insurance 10 - - - - 925 Injuries and damages 1,858 357 12 3 7 926 Employee pensions and benefits 1,605 3,047 422 107 226 928 Regulatory commission expense - - - - - 930.1 General advertising expenses - - - - - 930.2 Miscellaneous general expense 518 467 - - - 931 Rents 2,070 900 78 15 39 932 Maintenance of structures and equipment - - - - - 935 Maintenance of general plant - - - - - 403 Depreciation and amortization expense - - - - - 408 Taxes other than income taxes 1,067 781 111 29 59 409 Income taxes (4,019) - - - - 410 Provision for deferred income taxes 4,222 - - - - 411 Provision for deferred income taxes-credit - - - - - 411.5 Investment tax credit - - - - - 426.1 Donations 1 251 - - - 426.5 Other deductions 6,032 29 - - 528 427 Interest on long-term debt - - - - - 430 Interest on debt to associate companies 2,310 - - - - 431 Other interest expense - - - - - ---------------------------------------------------------------------- TOTAL EXPENSES $ 47,743 $ 86,798 $ 2,855 $ 754 $ 2,302 ======================================================================
19d ANNUAL REPORT OF XCEL ENERGY SERVICES INC. For the Year Ended December 31, 2001 SCHEDULE XVII--SCHEDULE OF EXPENSE BY DEPARTMENT OR SERVICE FUNCTION (thousands of dollars) INSTRUCTIONS: Indicate each department or service function. (See Instruction 01-3 General Structure of Accounting System: Uniform System of Accounts).
DEPARTMENT OR SERVICE FUNCTION ---------------------------------------------------------------------- ENERGY SUPPLY ENERGY SUPPLY ENERGY MARKETS RATES & ENGINEERING & BUSINESS REGULATED TRADING ACCOUNT DESCRIPTION OF ITEMS REGULATION ENVIRONMENTAL RESOURCES AND MARKETING - ------- -------------------- ---------- ------------- --------- ------------- 920 Salaries and wages 5,610 4,295 9,280 10,129 921 Office supplies and expenses 1,603 1,574 3,755 3,984 922 Administrative expense transferred - credit - - - - 923 Outside services employed 516 1,205 1,634 1,056 924 Property insurance - - - - 925 Injuries and damages 49 38 78 92 926 Employee pensions and benefits 1,601 1,236 2,578 2,906 928 Regulatory commission expense - - - - 930.1 General advertising expenses - - - 1 930.2 Miscellaneous general expense - 79 4 15 931 Rents 325 239 464 516 932 Maintenance of structures and equipment - - - - 935 Maintenance of general plant - - - - 403 Depreciation and amortization expense - - - - 408 Taxes other than income taxes 412 320 700 757 409 Income taxes - - - - 410 Provision for deferred income taxes - - - - 411 Provision for deferred income taxes-credit - - - - 411.5 Investment tax credit - - - - 426.1 Donations - 11 - - 426.5 Other deductions 9 - - - 427 Interest on long-term debt - - - - 430 Interest on debt to associate companies - - - - 431 Other interest expense - - - - ------------------------------------------------------------------- TOTAL EXPENSES $ 10,125 $ 8,997 $ 18,493 $ 19,456 ===================================================================
19e ANNUAL REPORT OF XCEL ENERGY SERVICES INC. For the Year Ended December 31, 2001 SCHEDULE XVII--SCHEDULE OF EXPENSE BY DEPARTMENT OR SERVICE FUNCTION (thousands of dollars) INSTRUCTIONS: Indicate each department or service function. (See Instruction 01-3 General Structure of Accounting System: Uniform System of Accounts).
DEPARTMENT OR SERVICE FUNCTION ------------------------------------------------------------------------- ENERGY ENERGY DELIVERY ENERGY DELIVERY ENERGY MARKETS DELIVERY CONSTRUCTION ENGINEERING/ ACCOUNT DESCRIPTION OF ITEMS FUEL PROCUREMENT MARKETING OPERATION & MTCE DESIGN - ------- -------------------- ---------------- --------- ---------------- ------ 920 Salaries and wages 2,390 2,408 7,745 15,995 921 Office supplies and expenses 620 1,248 2,723 6,422 922 Administrative expense transferred - credit - - - - 923 Outside services employed 604 167 296 1,235 924 Property insurance - - - - 925 Injuries and damages 22 22 68 45 926 Employee pensions and benefits 688 754 2,208 4,616 928 Regulatory commission expense - - - - 930.1 General advertising expenses - 2 - - 930.2 Miscellaneous general expense 139 1 - 1 931 Rents 125 126 385 1,512 932 Maintenance of structures and equipment - - - - 935 Maintenance of general plant - - - - 403 Depreciation and amortization expense - - - - 408 Taxes other than income taxes 184 187 559 1,229 409 Income taxes - - - - 410 Provision for deferred income taxes - - - - 411 Provision for deferred income taxes-credit - - - - 411.5 Investment tax credit - - - - 426.1 Donations - - - - 426.5 Other deductions - - 1 1,194 427 Interest on long-term debt - - - - 430 Interest on debt to associate companies - - - - 431 Other interest expense - - - - -------------------------------------------------------------------------- TOTAL EXPENSES $ 4,772 $ 4,915 $ 13,985 $ 32,249 ==========================================================================
19f ANNUAL REPORT OF XCEL ENERGY SERVICES INC. For the Year Ended December 31, 2001 SCHEDULE XVII--SCHEDULE OF EXPENSE BY DEPARTMENT OR SERVICE FUNCTION (thousands of dollars) INSTRUCTIONS: Indicate each department or service function. (See Instruction 01-3 General Structure of Accounting System: Uniform System of Accounts).
------------------------------------------------------------------- MARKETING CUSTOMER INFORMATION AVIATION ACCOUNT DESCRIPTION OF ITEMS AND SALES SERVICE TECHNOLOGY SERVICES FLEET - ------- -------------------- --------- ------- ---------- -------- ----- 920 Salaries and wages 16,476 30,853 8,050 1,075 666 921 Office supplies and expenses 6,848 34,573 86,739 336 3,787 922 Administrative expense transferred - credit - (6) (581) 6,940 - 923 Outside services employed 9,086 8,210 7,371 - - 924 Property insurance - - - - - 925 Injuries and damages 115 265 28 - 6 926 Employee pensions and benefits 4,727 8,409 4,069 604 259 928 Regulatory commission expense - - - - - 930.1 General advertising expenses 21 53 7 - - 930.2 Miscellaneous general expense 3 - 2 - - 931 Rents 964 1,790 1,322 (7,517) 74 932 Maintenance of structures and equipment - - - - - 935 Maintenance of general plant - - - - - 403 Depreciation and amortization expense - - - - - 408 Taxes other than income taxes 1,077 2,227 348 3 56 409 Income taxes - - - - - 410 Provision for deferred income taxes - - - - - 411 Provision for deferred income taxes-credit - - - - - 411.5 Investment tax credit - - - - - 426.1 Donations 5 1 - - - 426.5 Other deductions 23 1 - - - 427 Interest on long-term debt - - - - - 430 Interest on debt to associate companies - - - - - 431 Other interest expense - - - 11 - ------------------------------------------------------------------- TOTAL EXPENSES $ 39,345 $ 86,376 $ 107,355 $ 1,452 $ 4,848 ===================================================================
Page 20 ANNUAL REPORT OF XCEL ENERGY SERVICES INC. For the Year Ended December 31, 2001 DEPARTMENTAL ANALYSIS OF SALARIES--ACCOUNT 920 (thousands of dollars)
DEPARTMENTAL SALARY EXPENSE ------------------------------------------------------------------------ INCLUDED IN AMOUNTS BILLED TO: ------------------------------ NUMBER OF NAME OF DEPARTMENT TOTAL PARENT OTHER NON- PERSONNEL OR SERVICE FUNCTION AMOUNT COMPANY ASSOCIATES ASSOCIATES END OF YEAR - ------------------- ------- -------- ---------- ---------- ----------- Executive Management Services $ 2,525 $ 132 $ 2,393 $ - 10 Internal Audit 1,551 34 1,517 - 25 Aviation 1,075 - 1,075 - 16 Government Affairs 862 12 850 - 15 Corporate and Employee Communications 3,231 67 3,164 - 41 Legal 3,596 96 3,500 - 34 Claims Services 546 - 546 - 12 Corporate Strategy and Business Development 3,308 248 3,060 - 26 Energy Supply Business Resources 9,280 - 9,280 - 148 Energy Markets Regulated Trading & Marketing 10,129 - 10,129 - 133 Energy Supply Engineering & Environmental 4,295 - 4,295 - 70 Energy Markets Fuel Procurement 2,390 - 2,390 - 42 Information Technology 8,050 - 8,050 - 129 Supply Chain 5,542 - 5,542 - 102 Supply Chain Special Programs 329 - 329 - 9 Investor Relations 602 33 569 - 7 Payment & Reporting 1,484 - 1,484 - 40 Human Resources 12,889 - 12,889 - 213 Payroll 808 - 808 - 15 Rates and Regulation 5,610 32 5,578 - 71 Accounting, Financial Reporting and Taxes 9,123 183 8,940 - 127 Energy Delivery Engineering/Design 15,995 - 15,995 - 341 Energy Delivery Construction, Oper & Maint 7,745 - 7,745 - 145 Fleet 666 - 666 - 14 Energy Delivery Marketing 2,408 - 2,408 - 23 Customer Service 30,853 - 30,853 - 822 Marketing and Sales 16,476 - 16,476 - 245 Facilities & Real Estate 2,024 - 2,024 - 32 Facilities Administrative Services 1,593 38 1,555 - 39 Finance & Treasury 2,333 93 2,240 - 30 Business Unit Accounting and Budgeting 14,701 1 14,700 - 123 Receipts Processing 441 - 441 - 9 ------------------------------------------------------------------------ TOTAL $ 182,460 $ 969 $ 181,491 $ - 3,108 ========================================================================
Page 21 ANNUAL REPORT OF XCEL ENERGY SERVICES INC. For the Year Ended December 31, 2001 OUTSIDE SERVICES EMPLOYED--ACCOUNT 923 (thousands of dollars) INSTRUCTIONS: Provide a breakdown of outside services employed. If the aggregate amounts paid to any one payee and included within one category is less than $25,000, only the aggregate number and amount of all such payments included within the subaccounts need be shown. Provide a subtotal for each type of service.
RELATIONSHIP SERVICES A'=ASSOCIATED FROM WHOM PURCHASED PROVIDED "NA"=NONASSOCIATED AMOUNT ------------------- -------- ------------------ ------ Legal Services - -------------- Co-Counsel Inc. Legal Services NA 49 Dorsey & Whitney LLP Legal Services NA 33 Gardner, Carton & Douglass Legal Services NA 199 H Zinder & Associates Legal Services NA 57 Jones, Day, Reavis & Pouge Legal Services NA 410 Law Offices of John Robert Holland PC Legal Services NA 50 Merchant & Gould Legal Services NA 30 Morgan, Lewis & Bockius Legal Services NA 53 ------------- Total Legal Services 881 ------------- Auditing, Tax, Consulting and Accounting Services - ------------------------------------------------- Arthur Andersen LLP Auditing, Tax and Other Services NA 1,897 CDR Systems Auditing, Tax and Other Services NA 26 Deloitte & Touche LLP Auditing, Tax and Other Services NA 1,588 Miller & Chevalier Auditing, Tax and Other Services NA 45 Pacilio Companie Accounting Services NA 152 Price Waterhouse Coopers Auditing, Tax and Other Services NA 32 ------------- Total Auditing, Tax, Consulting and Other Services 3,740 ------------- Temporary Personnel - ------------------- Accountants On Call Temporary Personnel NA 170 Adecco Employment Service Temporary Personnel NA 1,193 All Bases Covered Temporary Personnel NA 496 Analysts International Corp. Temporary Personnel NA 190 Aquent Temporary Personnel NA 86 Cook Systems International Temporary Personnel NA 128 Crystal G Manik Temporary Personnel NA 37 Dennhardt & Associates Temporary Personnel NA 95 Entegee/Advance Possis Tech Svcs Inc. Temporary Personnel NA 408 Express Personnel Services Temporary Personnel NA 54 Indicon Inc. Temporary Personnel NA 34 Jeane Thorne, Inc. Temporary Personnel NA 544 Keane Inc. Temporary Personnel NA 742 Kelly Services Inc. Temporary Personnel NA 95 Manpower Temporary Services Temporary Personnel NA 647 Officeteam Temporary Personnel NA 50 Parsons Group Temporary Personnel NA 149 Precision Resources Temporary Personnel A 386 Pro Staff Personnel Service Temporary Personnel NA 224 Rainier Technology Temporary Personnel NA 602 Ranstad Temporary Personnel NA 38
Page 21a ANNUAL REPORT OF XCEL ENERGY SERVICES INC. For the Year Ended December 31, 2001 OUTSIDE SERVICES EMPLOYED--ACCOUNT 923 (thousands of dollars) INSTRUCTIONS: Provide a breakdown of outside services employed. If the aggregate amounts paid to any one payee and included within one category is less than $25,000, only the aggregate number and amount of all such payments included within the subaccounts need be shown. Provide a subtotal for each type of service.
RELATIONSHIP SERVICES A'=ASSOCIATED FROM WHOM PURCHASED PROVIDED "NA"=NONASSOCIATED AMOUNT ------------------- -------- ------------------ ------ Robert Half Temporary Personnel NA 56 Shared Resource Management Temporary Personnel NA 543 Tek Systems Inc Temporary Personnel NA 49 The Maxim Group Temporary Personnel NA 496 ------------- Total Temporary Personnel NA 7,512 ------------- Consulting Services - ------------------- 3 Rivers Community Action Marketing Consulting NA 71 Abeln Magy & Associates HR Consulting NA 40 Adee Ltd. Marketing Consulting NA 76 Alan W Burgess, MD HR Consulting NA 53 American Lung Association Marketing Consulting NA 275 Answerthink Consulting Computer Services Consulting NA 38 AOC Employee Placement Services NA 40 Arundel Street Consulting Market Research Consulting NA 244 Aspect Communications Worforce Management Consulting NA 160 Barbara Nelson Training Services NA 25 Beacon Consulting Group Financial Systems Consulting NA 26 Black Diamond Computer Services Consulting NA 81 Blackstone Strategic Consulting NA 722 Boice Dunham Group Business Development Consulting NA 121 Brio Software Supply Chain Computer Services Consulting NA 509 Business Wire Financial Systems Consulting NA 55 Cambridge Energy Research Association Energy Markets Consulting NA 61 Cannon Technologies Computer Services Consulting NA 99 CCBN.com Investor Relations Website Consulting NA 54 Charan Associates Inc. Business Development Consulting NA 139 Christensen Associates Computer Services Consulting NA 60 Citigate Dewe Rogerson Inc. Market Research Consulting NA 29 Coherent Solutions Computer Services Consulting NA 250 Compaq Computer Services Consulting NA 60 Compucom Computer Services Consulting NA 246 Compuware Computer Services Consulting NA 261 Comquest Research LLC Market Research Consulting NA 52 Connect the Knowledge Energy Markets Consulting NA 34 Dakota County CDA Marketing Consulting NA 41 Decision Analyst Inc Marketing Consulting NA 34 Deloitte & Touche LLP Retail Consulting NA 3,128 Dynegy Energy Services Marketing Consulting NA 438 Earth Tech Environmental Services NA 26 Eckhoff Services Inc. Marketing Consulting NA 236 Efficiency Engineering Computer Services Consulting NA 61
Page 21b ANNUAL REPORT OF XCEL ENERGY SERVICES INC. For the Year Ended December 31, 2001 OUTSIDE SERVICES EMPLOYED--ACCOUNT 923 (thousands of dollars) INSTRUCTIONS: Provide a breakdown of outside services employed. If the aggregate amounts paid to any one payee and included within one category is less than $25,000, only the aggregate number and amount of all such payments included within the subaccounts need be shown. Provide a subtotal for each type of service.
RELATIONSHIP SERVICES A'=ASSOCIATED FROM WHOM PURCHASED PROVIDED "NA"=NONASSOCIATED AMOUNT ------------------- -------- ------------------ ------ Emergingsoft Corp. Computer Services Consulting NA 50 Employee/Mgmt Involve Business Development Consulting NA 41 Eric Alexander Consulting Energy Markets Consulting NA 46 Excel Energy Technologies Inc. Marketing Consulting NA 99 Fieldstone Private Capital Group Financial Consulting NA 64 Freelance Creative Communications Consulting NA 202 Freemarkets Inc. Marketing Consulting NA 36 G.A. Wright Marketing Consulting NA 49 Gallup Organization Brand Consulting NA 408 Gedulig & Ferguson Inc. Communications Consulting NA 123 Henry Wurst Inc. Communications Consulting NA 57 High Energy Consulting Marketing Consulting NA 112 Hoeft Appliance Center Marketing Consulting NA 342 Indus International Supply Chain Computer Services Consulting NA 3,640 Insights Unlimited Marketing Consulting NA 128 Intermat Inc. Computer Services Consulting NA 435 Intervoice Brite Call Center System Consulting NA 1,411 Johnson Management Consulting Training Services NA 36 Korn/Ferry International HR Consulting NA 116 L E Peabody & Associates Consulting Services NA 380 Lambert, Magill Thomas Consulting Services NA 47 Lehman Brothers Inc. Electric Deregulation Consulting NA 310 Liaison Creative Services Communications Consulting NA 78 Lindberg Consulting Training Services NA 106 Management Systems Inc. Training Services NA 869 Matt Myers Marketing Consulting NA 59 McClain Finlon Advertising Consulting NA 1,513 McPherson Group Market Development Consulting NA 98 Media Mosaic Communications Consulting NA 766 Melodie Regan Marketing Consulting NA 25 Message Factors Market Research Consulting NA 175 Midwest Research Institute IRP Process Consulting NA 42 Mikon Corp. Energy Markets Consulting NA 57 Minneapolis Consulting Group Energy Markets Consulting NA 105 National Economic Research IRP Process Consulting NA 92 Nationwide Advertising Service Communications Consulting NA 201 Navigant Consulting Inc. Business Development Consulting NA 35 New Harbor Inc. Business Development Consulting NA 81 Opus 21 Management Solutions Facilities Consulting NA 98 PA Consulting Group IRP Process Consulting NA 66 Padilla Speer Beardsly Communications Consulting NA 44 Perry E Smith Supply Chain Computer Services Consulting NA 108
Page 21c ANNUAL REPORT OF XCEL ENERGY SERVICES INC. For the Year Ended December 31, 2001 OUTSIDE SERVICES EMPLOYED--ACCOUNT 923 (thousands of dollars) INSTRUCTIONS: Provide a breakdown of outside services employed. If the aggregate amounts paid to any one payee and included within one category is less than $25,000, only the aggregate number and amount of all such payments included within the subaccounts need be shown. Provide a subtotal for each type of service.
RELATIONSHIP SERVICES A'=ASSOCIATED FROM WHOM PURCHASED PROVIDED "NA"=NONASSOCIATED AMOUNT ------------------- -------- ------------------ ------ Peter Imlay Assoc. Investor Relations Consulting NA 26 Pira Energy Group Energy Markets Consulting NA 69 Powerplan Consultants Financial Systems Consulting NA 890 Prosource Chippewa Environmental Services NA 81 Ramsey Action Programs Marketing Consulting NA 295 Randal E Kreus Rates & Regulatory Consulting NA 92 Regional Economic Research Inc Rates & Regulatory Consulting NA 302 RNL Solutions Marketing Consulting NA 79 Save More Resources Inc. Marketing Development Services NA 1,410 Scient Consulting Services NA 606 Scientech Inc. Supply Chain Computer Services Consulting NA 64 Scott, Madden & Associates Benefits Consulting NA 92 Seacrest Group Environmental Services NA 25 Securien Inc. IT Consulting NA 43 Simpson Partnership HR Consulting NA 109 Soft Link Inc. Payroll Computer Services NA 684 Softscape Inc. Supply Chain Computer Services Consulting NA 362 Sterling Group Marketing Consulting NA 187 Stratplans Inc. Marketing Development Services NA 141 Summit Blue Consulting Marketing Consulting NA 387 Sustainable Resources Marketing Consulting NA 29 TB Industries Computer Services Consulting NA 67 The Maris Group Marketing Consulting NA 557 The Market Solutions Group Marketing Consulting NA 78 Toeroek Associates Inc. Environmental Services NA 31 Tony J Dib Retail Consulting NA 37 Towers Perrin Benefits Consulting NA 877 Triangle Economic Research Rates & Regulatory Consulting NA 50 United Systems Integrator Corp. Facilities Consulting NA 58 Universal Network Solutions IT Consulting NA 734 University of Minnesota Retail Product Development Consulting NA 70 Verint Systems Call Center System Consulting NA 1,046 Visimetrix Inc. Facilities Computer System Consulting NA 103 Ware Consulting LLC Computer Services Consulting NA 608 Watson Wyatt & Co. Benefits Consulting NA 26 Weatherline Inc. Advertising Consulting NA 93 Wynedge Software Inc. Software Consulting NA 49 Yamamoto Moss Brand Consulting NA 179 Zechmann & Associates Energy Supply Computer Consulting NA 261 ---------- Total Consulting 31,492 ----------
Page 21d ANNUAL REPORT OF XCEL ENERGY SERVICES INC. For the Year Ended December 31, 2001 OUTSIDE SERVICES EMPLOYED--ACCOUNT 923 (thousands of dollars) INSTRUCTIONS: Provide a breakdown of outside services employed. If the aggregate amounts paid to any one payee and included within one category is less than $25,000, only the aggregate number and amount of all such payments included within the subaccounts need be shown. Provide a subtotal for each type of service.
RELATIONSHIP SERVICES A'=ASSOCIATED FROM WHOM PURCHASED PROVIDED "NA"=NONASSOCIATED AMOUNT ------------------- -------- ------------------ ------ Outside Services - ---------------- Affiliated Credit Services Inc. Collection Agency NA 656 Air Pollution Testing Inc. Environmental Services NA 52 Amerex Power Ltd. Brokerage Fees NA 47 Anco Engineers Inc. Engineering Services NA 50 APB Energy Inc. Brokerage Fees NA 71 ASU Risk Management Benefits Administration NA 470 Audio Visual & Film Group Communications Services NA 138 AVI Systems Facilities Maintenance NA 40 Bank of New York Transfer Agent Fee NA 185 Barr Engineering Co. Engineering Services NA 166 Benco Messenger Service Inc. Courrier Services NA 302 Blue Cross & Blue Shield Benefits Administration NA 202 Bolger Printing Printing Services NA 29 Bonded Collection Service Collection Agency NA 116 Burnes & McDonnell Wind Audit NA 33 Business Intelligence Source Market Research NA 51 Carbon Steel Inspection Inspection Services NA 42 Center for Occupational Medicine Drug Testing NA 65 Change Management Inc. Training Services NA 182 Chicago Title of Colorado Title Services NA 42 Chroma Copy Printing Services NA 29 Community Action of Minneapolis Home Energy Savings Program NA 106 Concentra Medical Centers Drug Testing/Flu Shots NA 31 Copeland Trucking Inc. Facility Moving Service NA 75 Custom Compliance Solutions Training Services NA 656 Custom Environmental Services Environmental Services NA 35 Custom TBT LLC Training Services NA 52 D & D Environmental Environmental Services NA 31 Dammann Construction Inc. Engineering Services NA 84 Douglas Brandon Environmental Services NA 56 Easi Document Integration LP Staffing Services NA 48 Easy i Inc. Training Services NA 108 Emergency Outfitters Training Services NA 38 Energy Services Group Energy Audits NA 30 Enervision Residential Energy Audits NA 38 Equifax Credit Information Credit Reporting Agency NA 263 Erin Engineering & Research Engineering Services NA 237 Eurasia Business Service Communications Services NA 374 Evelyn Logan Consulting Residential Energy Audits NA 42 Federal Express Mailing Services NA 26 First Revenue Assurance Collection Agency NA 133 Gab Robins North America Claims Services NA 45
Page 21e ANNUAL REPORT OF XCEL ENERGY SERVICES INC. For the Year Ended December 31, 2001 OUTSIDE SERVICES EMPLOYED--ACCOUNT 923 (thousands of dollars) INSTRUCTIONS: Provide a breakdown of outside services employed. If the aggregate amounts paid to any one payee and included within one category is less than $25,000, only the aggregate number and amount of all such payments included within the subaccounts need be shown. Provide a subtotal for each type of service.
RELATIONSHIP SERVICES A'=ASSOCIATED FROM WHOM PURCHASED PROVIDED "NA"=NONASSOCIATED AMOUNT ------------------- -------- ------------------ ------ GE Young Benefits Administration NA 1,091 Goldstein's Printing Services NA 154 Hartford Life & Annuity Benefits Administration NA 386 Health Promotion Management Wellness Program NA 240 Holly D Neel Facilities Management NA 52 Honeywell Inc. Security Services NA 91 Hotchkiss Inc. Printing Services NA 224 Human Voice Answering Service NA 29 IBM Corp Computer Services NA 461 Ikon Office Solutions Printing Services NA 132 Information Management Specialist Computer Services NA 122 Information Reporting Services Personnel Security Screening Services NA 34 Innovative Research Inc. Boiler Services NA 34 Instrument Manufacturing Cable Testing NA 126 Iota Development Corporation Training Services NA 184 J.D. Power & Associates Market Research NA 120 Market Strategies Inc. Market Research NA 419 Marsh USA Benefits Administration NA 39 Mary E Miura Training Services NA 62 Mass Mutual Benefits Administration NA 25 Master Lee Energy Services Inspection Services NA 63 Menttium Corporation Training Services NA 210 Merrill Communications Printing Services NA 50 Metropolitan Mechanical Engineering Services NA 30 Microsoft Corp. Computer Services NA 137 Mulvigil Turbine Consultants LLC Turbine Services NA 30 Munchiando Excavating Environmental Services NA 136 Nantech Consulting Customer Service Project Management NA 292 Natsource LLC Brokerage Fees NA 82 NFO USA Marketing Inc. Market Research NA 57 NS/I Mechanical Contracting Co. Engineering Services NA 34 Occupational Health Services Drug Testing NA 64 Office Plan Inc. Facilities Services NA 33 Olav & Co Computer Services NA 91 Output Technology Solutions Printing Services NA 550 Pacific Life Benefits Administration NA 518 Paradigm Learning Inc. Training Services NA 34 Park Printing Printing Services NA 33 Personnel Decisions International Training Services NA 40 Platts Energy News Service NA 138 Plus Relocation Benefits Administration NA 36 Power Controls Inc. Turbine Services NA 42 Power System Engineering Inc. Engineering Services NA 42
Page 21f ANNUAL REPORT OF XCEL ENERGY SERVICES INC. For the Year Ended December 31, 2001 OUTSIDE SERVICES EMPLOYED--ACCOUNT 923 (thousands of dollars) INSTRUCTIONS: Provide a breakdown of outside services employed. If the aggregate amounts paid to any one payee and included within one category is less than $25,000, only the aggregate number and amount of all such payments included within the subaccounts need be shown. Provide a subtotal for each type of service.
RELATIONSHIP SERVICES A'=ASSOCIATED FROM WHOM PURCHASED PROVIDED "NA"=NONASSOCIATED AMOUNT ------------------- -------- ------------------ ------ Powerhouse Rigging Inc. Training Services NA 223 Powerplus Engineering LLC. Engineering Services NA 29 Prebon Energy Inc. Brokerage Fees NA 136 Prevention Plus Inc. HR Safety Services NA 40 Primedia-Workplace Learning Training Services NA 148 R & J Service Inc. Training Services NA 103 Resolution Inc. Training Services NA 329 Rick Souther Photography Communications Services NA 63 Right Management Consulting Outplacement Services NA 33 Risk Management Alternatives Inc. Collection Agency NA 82 RSM Enterprises Benefits Administration NA 30 Safety Kleen Corp. Environmental Services NA 126 Sam Stewart & Associates Engineering Services NA 90 Security Fence & Construction Security Services NA 101 Sonic Systems Environmental Services NA 26 Southeastern ND Community Residential Energy Audits NA 27 Spectrum Services Inc. Environmental Services NA 28 St Paul Companies Inc. Benefits Administration NA 1,066 St Paul Neighborhood Energy Residential Energy Audits NA 43 Staubach Management Facilities Management NA 1,812 Tension Envelope Billing Services NA 47 TFS Energy LLC Brokerage Fees NA 53 The Affiliated Group Credit Reporting Agency NA 29 The Apogee Group Inc. Management Training NA 221 The Marathon Group Facilities Services NA 136 The Wackenhut Corp Security Services NA 136 Thinkshop Market Research NA 35 Total Research Corporation Market Research NA 68 Trafton Printing Inc. Printing Services NA 28 Trans Alarm Security Services NA 1,260 Travelers Express Customer Pay Agent Fees NA 140 Trippler & Associates Inc Travel Services NA 35 United Business Mail Mailing Services NA 57 United Parcel Service Mailing Services NA 47 Universal Utility Service Energy Supply Lab Services A 51 University of St.Thomas Training Services NA 32 US Postal Service Mailing Services NA 30 Utility Engineering Engineering Services A 314 Vanguard Communications Communications Services NA 172 Vanguard Fiduciary Trust Co. Benefits Administration NA 150 Verifications Inc. Personnel Security Screening Services NA 217 Waste Management Environmental Services NA 160 Weatherdata Inc. Energy Markets Weather Information NA 43 Western Union Financial Services Customer Pay Agent Fees NA 459
Page 21g ANNUAL REPORT OF XCEL ENERGY SERVICES INC. For the Year Ended December 31, 2001 OUTSIDE SERVICES EMPLOYED--ACCOUNT 923 (thousands of dollars) INSTRUCTIONS: Provide a breakdown of outside services employed. If the aggregate amounts paid to any one payee and included within one category is less than $25,000, only the aggregate number and amount of all such payments included within the subaccounts need be shown. Provide a subtotal for each type of service.
RELATIONSHIP SERVICES A'=ASSOCIATED FROM WHOM PURCHASED PROVIDED "NA"=NONASSOCIATED AMOUNT ------------------- -------- ------------------ ------ Willa Inc. Environmental Services NA 31 Wilson Learning Training Services NA 51 Xelco Collections Collection Agency NA 179 Xerox Corporation Printing Services NA 131 Zamba Solutions Market Research NA 559 Other (1125) Various NA 7,840 ------------ Total Outside Services 29,489 ------------ TOTAL OUTSIDE SERVICES EMPLOYED $ 73,114 ============
Page 22 ANNUAL REPORT OF XCEL ENERGY SERVICES INC. For the Year Ended December 31, 2001 EMPLOYEE PENSION AND BENEFITS--ACCOUNT 926 (thousands of dollars) INSTRUCTIONS: Provide a listing of each pension plan and benefit program provided by the service company. Such listing should be limited to $25,000.
DESCRIPTION AMOUNT ----------- -------------- Incentive Plan $ 17,670 Pensions (4,363) Pension, Insurance and Taxes 5,622 Supplemental Executive Retirement Plan 4,451 Employee Savings Plans (401K) 4,867 Post Retirement Health Care 2,006 Post Employment Benefits (491) Managed Health Care 25,034 Dental Care 559 Life Insurance 111 Vacation 1,787 Bonus/Service Awards 41 Other (4,955) ---------------- TOTAL $ 52,339 ================
Page 23 ANNUAL REPORT OF XCEL ENERGY SERVICES INC. For the Year Ended December 31, 2001 GENERAL ADVERTISING EXPENSE--ACCOUNT 930.1 (thousands of dollars) INSTRUCTIONS: Provide a listing of the amount included in Account 930.1, "General Advertising Expenses", classifying the items according to the nature of the advertising and as defined in the account definition. If a particular class includes an amount in excess of $3,000 applicable to a single payee, show separately the name of the payee and the aggregate amount applicable thereto.
DESCRIPTION NAME OF PAYEE AMOUNT ----------- ------------- ------ Ad Agency/Advertising/Printing McClain Finlon Advertising Inc. 6,475 Advertising Pepsi Center 519 Advertising State Bank of West Fargo 265 Advertising TMP Worldwide 180 Advertising Weatherline Inc. 152 Advertising Minntertainment Co. 125 Advertising - Sponsorship Downtown Denver Partnership 106 Advertising - Research Gallup Organization 237 Mailing Postmaster 84 Advertising Home Builders Assoc. 83 Printing Output Technology Solutions 83 Advertising Geduldig & Ferguson Inc. 68 Advertising KUSA TV 62 Advertising - Research Customer Link 56 Advertising The Axiom Group Inc. 55 Advertising Cactus Marketing Communications 50 Office Expense IBM Global Services 40 Advertising - Sponsorship University of MN 38 Printing Hotchkiss Inc. 28 Advertising - Sponsorship Asian/Hispanic Mktg Conference 15 Advertising Minority Business News 13 Advertising - Sponsorship PPI Sports 11 Advertising - Sponsorship Minnesota Thunder 10 Advertising - Sponsorship US Hockey Hall of Fame 9 Advertising Maris Group LLC 8 Printing Shapco Printing Inc. 8 Advertising Encompass Marketing 7 Advertising Materials & Supplies Reddy Store 7 Advertising MPMA Journal 6 Advertising Qwest 6 Advertising Colorado Press 6 Printing Pyramid Print & Graphics 4 Advertising Citizens Communications 4 Miscellaneous Advertising Various (111) 97 ----------------- TOTAL $ 8,917 =================
Page 23a ANNUAL REPORT OF XCEL ENERGY SERVICES INC. For the Year Ended December 31, 2001 MISCELLANEOUS GENERAL EXPENSES--ACCOUNT 930.2 (thousands of dollars) INSTRUCTIONS: Provide a listing of the amount included in Account 930.2, "Miscellaneous General Expenses" classifying such expenses according to their nature. Payments and expenses permitted by Section 321 (b)(2) of the Federal Election Campaign Act, as amended by Public Law 94-283 in 1976 (2 U.S.C. 441 (b)(2)) shall be separately classified.
DESCRIPTION NAME OF PAYEE AMOUNT ----------- ------------- ------ Utility Association Dues Various $ 1,468 Board of Director Fees and Expenses Various 1,758 --------------- TOTAL $ 3,226 ===============
RENTS--ACCOUNT 931 (thousands of dollars) INSTRUCTIONS: Provide a listing of the amount included in Account 931, "Rents", classifying such expenses by major groupings of property, as defined in the account definition of the Uniform System of Accounts.
TYPE OF PROPERTY AMOUNT ---------------- ------ Rents - Office Space $ 6,698 --------------- TOTAL $ 6,698 ===============
Page 24 ANNUAL REPORT OF XCEL ENERGY SERVICES INC. For the Year Ended December 31, 2001 TAXES OTHER THAN INCOME TAXES--ACCOUNT 408 (thousands of dollars) INSTRUCTIONS: Provide an analysis of Account 408 "Taxes Other Than Income Taxes". Separate the analysis into two groups: (1) other than U.S. Government taxes, and (2) U.S. Government taxes. Specify each of the various kinds of taxes and show the amounts thereof. Provide a subtotal for each class of tax.
KIND OF TAX AMOUNT - ----------- ------ Other Than U.S. Government Taxes: State Unemployment Taxes $ 203 Denver City Tax 43 Franchise Tax - Texas, Kansas, Delaware, Ohio and New Mexico 296 Other - various 115 -------------- SUBTOTAL 657 -------------- U.S. Government Taxes: Social Security Taxes 12,189 Federal Unemployment Taxes 188 -------------- SUBTOTAL 12,377 -------------- TOTAL $ 13,034 ==============
Page 25 ANNUAL REPORT OF XCEL ENERGY SERVICES INC. For the Year Ended December 31, 2001 DONATIONS--ACCOUNT 426.1 (thousands of dollars) INSTRUCTIONS: Provide a listing of the amount included in Account 426.1, "Donations", classifying such expenses by its purpose. The aggregate number and amount of all items of less than $3,000 may be shown in lieu of details.
NAME OF RECIPIENT PURPOSE OF DONATION AMOUNT - ----------------- ------------------- ------ Annual Fund - South Dakota Symphony Contribution to support community assistance 3 Center for Ethical Business Contribution to support community assistance 8 City of Tea Contribution to support community assistance 4 City of Tracy Contribution to support community assistance 5 Campaign Consultant Program Contribution to support community assistance 19 Community Violence Intervention Contribution to support community assistance 5 Corporate State Sponsorship Contribution to support community assistance 25 Denver Metro Chamber of Commerce Contribution to support community assistance 108 Dinner Honoring A Hirschfeld Contribution to support community assistance 10 Donation Contribution to support community assistance 3 Gold Sponsorship of Technology Contribution to support community assistance 4 Hotchkiss Contribution to support community assistance 13 Habitat for Humanities Contribution to support community assistance 4 American Century Golf Classic Contribution to support community assistance 5 Leadership Forum Contribution to support community assistance 5 Legislative Speaker and Programs Contribution to support community assistance 4 Lennox Gold Community Contribution to support community assistance 3 Minnesota Public Radio Contribution to support community assistance 3 Minnesota State Society Contribution to support community assistance 3 Minnesotans for a Fair Contribution to support community assistance 5 Minnesota Environmental Initiative Contribution to support community assistance 8 NCSL CO 2002 Fund - Sponsorship Contribution to support community assistance 7 LAEF Gala Contribution to support community assistance 5 Output Technology Solutions Contribution to support community assistance 19 Pueblo Chamber of Commerce Contribution to support community assistance 3 Printing and Graphics Contribution to support community assistance 13 Ready Store Contribution to support community assistance 10 Sioux Falls Area Community Contribution to support community assistance 5 Support North Valley Art Contribution to support community assistance 5 Timberwolves Donation Contribution to support community assistance 3 Urban League of Metro Denver Contribution to support community assistance 15 Washington Pavilion Contribution to support community assistance 10 Western Fantasy, Corporate Tab Contribution to support community assistance 5 Women's Conference 2001 Contribution to support community assistance 5 PorterCare Foundation Contribution to support health 3 ALTRU Health Foundation Contribution to support health 6 John Nasseff Heart Hospital Contribution to support health 3 Turning Point Contribution to support health 9 Minnesota Scholarships Contribution to support education 20 Colorado Scholarships Contribution to support education 26 Texas Scholarships Contribution to support education 10 Wisconsin Scholarships Contribution to support education 5 ND and SD Scholarships Contribution to support education 5 Golden Buffalo Scholarship Fund Contribution to support education 5
Page 25a ANNUAL REPORT OF XCEL ENERGY SERVICES INC. For the Year Ended December 31, 2001 DONATIONS--ACCOUNT 426.1 (thousands of dollars) INSTRUCTIONS: Provide a listing of the amount included in Account 426.1, "Donations", classifying such expenses by its purpose. The aggregate number and amount of all items of less than $3,000 may be shown in lieu of details.
NAME OF RECIPIENT PURPOSE OF DONATION AMOUNT - ----------------- ------------------- ------ South Dakota State University Contribution to support education 7 Energy Share of North Dakota Contribution to support low income 20 CEAF Contribution to support low income 35 United Way Contribution to support United Way 4 Denver Kids, Inc. Contribution to support young people 3 Indianhead Scouting Contribution to support young people 3 Girl Scouts - Mile High Council Contribution to support young people 4 South Dakota 4-H Assoc. Contribution to support young people 4 Children's Hospital Gala Contribution to support young people 5 Xcel Foundation Contributions to support activities in the organization 5,150 Other (232) 74 -------- TOTAL $ 5,753 ========
Page 26 ANNUAL REPORT OF XCEL ENERGY SERVICES INC. For the Year Ended December 31, 2001 OTHER DEDUCTIONS--ACCOUNT 426.5 (thousands of dollars) INSTRUCTIONS: Provide a listing of the amount include in Account 426.5, "Other Deductions", classifying such expenses according to their nature.
DESCRIPTION NAME OF PAYEE AMOUNT - ----------- ------------- ------ Expenditures for Certain Civic, Company employee, administrative costs Political & Related Activities for civic, political and related activities; employee severance (1,508 items) $ 10,962 --------------- TOTAL $ 10,962 ===============
Page 27 ANNUAL REPORT OF XCEL ENERGY SERVICES, INC. For the Year Ended December 31, 2001 SCHEDULE XVIII--NOTES TO STATEMENT OF INCOME INSTRUCTIONS: The space below is provided for important notes regarding the statement of income or any account thereof. Furnish particulars as to any significant increases and services rendered or expenses incurred during the year. Notes related to financial statements shown elsewhere in this report may be indicated here by reference. The December 31, 2001 Statement of Income and related detailed schedules includes accounts as specified by the Uniform System of Accounts for Mutual Service Companies instead of the Federal Energy Regulatory Commission ("FERC") accounts. Also, see Notes to Financial Statements on pages 14-14d, for additional Notes to Statement of Income. Page 28 ANNUAL REPORT OF XCEL ENERGY SERVICES INC. For the Year Ended December 31, 2001 ORGANIZATION CHART (SUMMARY LEVEL)
ORGANIZATION CHART SERVICE FUNCTION ------------------ ---------------- Chairman Executive Management Services President, CEO Executive Management Services Financial and Support Services-CFO Accounting, Fin Reporting, Taxes Accounting Accounting, Fin Reporting, Taxes Accounts Payable Payment & Reporting Payroll Payroll Internal Audit Internal Audit Investor/Shareholder Services Investor Relations Finance and Treasury Finance and Treasury Receipts Processing Receipts Processing General Counsel Legal Claims Services Claims Services Regulatory and Governmental Affairs - Vice-President Rates and Regulation Regulatory Administration Rates and Regulation Government Affairs Government Affairs Shared Services - Chief Administration Officer Executive Management Services Human Resources Human Resources Communications Corporate and Employee Communications Supply Chain Supply Chain and S. Chain Special Programs Facilities and Real Estate Facilities and Real Estate Aviation Aviation Energy Markets - President Energy Mkts Reg Trading & Mktg Energy Markets Regulated Trading & Marketing Energy Mkts Reg Trading & Mktg Energy Markets Fuel Procurement Energy Markets Fuel Procurement Energy Markets - Vice-President/CFO Business Unit Acctg & Budgeting Energy Supply - President Business Unit Acctg & Budgeting Energy Supply Business Resources Business Unit Acctg & Budgeting Energy Supply Engineering & Environmental Energy Supply Engineering & Environmental Delivery - President Business Unit Acctg & Budgeting Energy Delivery Asset Management Business Unit Acctg & Budgeting Energy Delivery Engineering/Design Energy Delivery Engineering/Design Energy Delivery Construction, Oper & Maint Energy Delivery Constr, Oper & Maint Fleet Fleet Energy Delivery Marketing Energy Delivery Marketing Retail - President Business Unit Acctg & Budgeting Retail - Controller Business Unit Acctg & Budgeting Marketing and Sales Marketing and Sales Customer Service Customer Sales Enterprises - President Corp Strategy & Business Development Corporate Strategy and Business Development Corp Strategy & Business Development Information Technology Information Technology
Page 29 ANNUAL REPORT OF XCEL ENERGY SERVICES INC. METHODS OF ALLOCATION Revenue Ratio - Based on the sum of the monthly revenue amounts for the prior year ending December 31, the numerator of which is for an applicable Operating Company or affiliate company and the denominator of which is for all applicable Operating Companies and affiliate companies. This ratio will be determined annually, or at such time as may be required due to significant changes. Employee Ratio - Based on the number of employees at the end of the prior year ending December 31, the numerator of which is for an applicable Operating Company or affiliate company and the denominator of which is for all applicable Operating Companies and affiliate companies. This ratio will be determined annually, or at such time as may be required due to significant changes. Total Assets Ratio, with 15 Percent of Assets assigned to Xcel Energy Inc. - Based on the total assets as of December 31 for the prior year, the numerator of which is for an applicable Operating Company or affiliate company and the denominator of which is for all applicable Operating Companies and affiliate companies. Xcel Energy Inc. will be assigned fifteen percent of the total assets. This ratio will be determined annually, or at such time as may be required due to significant changes. Total Assets Ratio - Based on the total assets as of December 31 for the prior year, the numerator of which is for an applicable Operating Company or affiliate company and the denominator of which is for all applicable Operating Companies and affiliate companies. This ratio will be determined annually, or at such time as may be required due to significant changes. Square Footage Ratio - Based on the total square footage as of December 31 for the prior year, the numerator of which is for an applicable Operating Company or affiliate company and the denominator of which is for all applicable Operating Companies and affiliate companies. This ratio will be determined annually, or at such time as may be required due to significant changes. Invoice Transaction Ratio - Based on the sum of the monthly number of invoice transactions processed for the prior year ending December 31, the numerator of which is for an applicable Operating Company or affiliate company and the denominator of which is for all applicable Operating Companies and affiliate companies. This ratio will be determined annually, or at such time as may be required due to significant changes. Customer Bills Ratio - Based on the average of the monthly total number of customer bills issued during the prior year ending December 31, the numerator of which is for an applicable Operating Company or affiliate company and the denominator of which is for all applicable Operating Companies and affiliate companies. This ratio will be determined annually, or at such a time as may be required due to significant changes. MWh Generation Ratio - Based on the sum of the monthly electric MWh generated during the prior year ending December 31, the numerator of which is for an applicable Operating Company and the denominator of which is for all applicable Operating Companies. This ratio will be determined annually, or at such time as may be required due to significant changes. Page 29a ANNUAL REPORT OF XCEL ENERGY SERVICES INC. METHODS OF ALLOCATION Total MWh Sales Ratio - Based on the sum of the monthly electric MWh hours sold during the prior year ending December 31, the numerator of which is for an applicable Operating Company and the denominator of which is for all applicable Operating Companies. This includes sales to ultimate customers, wholesale customers, and non-requirement sales for resale. This ratio will be determined annually, or at such time as may be required due to significant changes. Customers Ratio - Based on the average of the monthly total electric customers (and/or gas customers, or residential, business and large commercial and industrial customers where applicable) for the prior year ending December 31, the numerator of which is for an applicable Operating Company or affiliate company and the denominator of which is for all applicable Operating Companies and affiliate companies. This ratio will be determined annually, or at such time as may be required due to significant changes. Labor Dollars Ratio - Based on the XES department (performing center) labor dollars charged to Operating companies and other affiliates for the month. The numerator of which is the labor dollars charged to an Operating Company or affiliate company and the denominator of which is for all Operating Companies and affiliate companies charged by the department for the month. Delivery Services Gross Plant Ratio - Based on transmission and distribution gross plant for the Delivery Business unit, both electric and gas for the prior year ending December 31, the numerator of which is an applicable Operating Company and the denominator of which is for all applicable Operating Companies. This ratio will be determined annually, or at such time as may be required due to significant changes. Page 30 ANNUAL REPORT OF XCEL ENERGY SERVICES INC. ANNUAL STATEMENT OF COMPENSATION FOR USE OF CAPITAL BILLED For the Period Ended December 31, 2001 The following annual statement was supplied to each associate company in support of the amount of compensation for use of capital billed during 2001: In accordance with Instruction 01-12 of the Securities and Exchange Commission's Uniform System of Accounts for Mutual Service Companies and Subsidiary Service Companies, Xcel Energy Services Inc. (XES) submits the following information on the billing of interest on borrowed funds to associated companies for the year 2001: A. Amount of interest billed to associate companies is contained on page 16, Analysis of Billing. B. Amount of interest XES pays Xcel Energy Inc. is based on Xcel Energy's weighted cost of debt adjusted for their commitment (facilities) fees. Interest is billed to associate companies based on each company's Accounts Receivable balance weighted with other significant Service Company assets in which the benefits can be directly assigned to specific companies. Companies with outstanding Accounts Receivable balances greater than 30 days and more than $1000 are charged a 1% penalty on the outstanding balance in addition to their monthly interest expense. The penalty amounts reduce the monthly interest amount allocated based on total Accounts Receivable balances. Page 31 ANNUAL REPORT OF XCEL ENERGY SERVICES INC. SIGNATURE CLAUSE Pursuant to the requirements of the Public Utility Holding Company Act of 1935 and the rules and regulations of the Securities and Exchange Commission issued thereunder, the undersigned company has duly caused this report to be signed on its behalf by the undersigned officer thereunto duly authorized. Xcel Energy Services Inc. ---------------------------------------------- (Name of Reporting Company) By: /s/ David E. Ripka ---------------------------------------------- (Signature of Signing Officer) David E. Ripka, Vice President and Controller ---------------------------------------------- (Printed Name and Title of Signing Officer) Date: April 30, 2002 -----END PRIVACY-ENHANCED MESSAGE-----