Registration Statement No. 333-
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM S-8
REGISTRATION STATEMENT UNDER
THE SECURITIES ACT OF 1933
XCEL ENERGY INC.
(Exact name of registrant as specified in its charter)
| MINNESOTA | 41-0448030 | |
| (State or other jurisdiction of | Identification No.) (IRS Employer | |
| incorporation or organization) | ||
| 800 Nicollet Mall Suite 3000 | | |
| Minneapolis, Minnesota | 55402-2023 | |
| (Address of principal executive offices) | (Zip Code) |
NEW CENTURY ENERGIES, INC.
EMPLOYEE INVESTMENT PLAN FOR BARGAINING UNIT EMPLOYEES
AND FORMER NON-BARGAINING UNIT EMPLOYEES
NEW CENTURY ENERGIES, INC.
EMPLOYEES' SAVINGS AND STOCK OWNERSHIP PLAN FOR BARGAINING UNIT
EMPLOYEES AND FORMER NON-BARGAINING UNIT EMPLOYEES
NEW CENTURY ENERGIES, INC.
EMPLOYEES' SAVINGS AND STOCK OWNERSHIP PLAN FOR
NON-BARGAINING UNIT EMPLOYEES
(Full title of the Plans)
Gary R. Johnson
Vice President and General Counsel
Xcel Energy Inc.
800 Nicollet Mall, Suite 3000
Minneapolis, Minnesota 55402-2023
(612) 330-5500
(Name, address, including zip code, and telephone number, including area code, of agent for service)
Copy of all communications to:
Robert J. Joseph, Esq.
Gardner, Carton & Douglas
321 North Clark Street
Chicago, Illinois 60610
(312) 644-3000
CALCULATION OF REGISTRATION FEE
| | ||||||||
| Title of Securities To be Registered(1) | Amount To be Registered (2) | Proposed Maximum Offering Price Per Share(3) | Proposed Maximum Aggregate Offering Price | Amount of Registration Fee | ||||
|---|---|---|---|---|---|---|---|---|
| Common Stock, $2.50 par value | 1,000,000 | $26.06 | $26,060,000 | $6,879.84 | ||||
ITEM 3. INCORPORATION OF DOCUMENTS BY REFERENCE
The following documents filed by Xcel Energy Inc. or New Century Energies, Inc. ("NCE"), which merged with and into Northern States Power Company ("NSP") on August 18, 2000, to form Xcel Energy Inc. ("Xcel" or "Registrant"), and/or the New Century Energies, Inc. Employee Investment Plan for Bargaining Unit Employees and Former Non-Bargaining Unit Employees, the New Century Energies, Inc. Employees' Savings and Stock Ownership Plan for Bargaining Unit Employees and Former Non-Bargaining Unit Employees and the New Century Energies, Inc. Employees' Savings and Stock Ownership Plan for Non-Bargaining Unit Employees (the "Plans"), with the Securities and Exchange Commission are incorporated herein by reference and made a part hereof:
In addition, each document filed by the Registrant and the Plans pursuant to Sections13(a), 13(c), 14 and 15(d) of the Securities Exchange Act of 1934, as amended after the date hereof, and prior to the termination of the offering shall be deemed to be incorporated by reference herein and to be part hereof from the date of filing of such documents. Any statement contained in a document incorporated or deemed to be incorporated by reference herein shall be deemed to be modified or superseded for purposes of this Registration Statement to the extent that a statement contained herein or in any other subsequently filed document that also is deemed to be incorporated by reference herein modifies or supersedes such statement. Any such statement so modified or superseded shall not be deemed, except as so modified or superseded, to constitute a part of this Registration Statement.
ITEM 4. DESCRIPTION OF SECURITIES
Not Applicable.
ITEM 5. INTEREST OF NAMED EXPERTS AND COUNSEL
The supplemental consolidated financial statements of Xcel Energy Inc. as of December 31, 1999, included in the Company's Current Report on Form 8-K dated August 21, 2000, the consolidated financial statements and schedule of NCE as of December 31, 1999, included in NCE's Form 10-K for the year ended December 31, 1999, and the statements of net assets available for plan benefits for the Plans as of December 31, 1999 included in the Plans' Annual Report on Form 11-K for the year ended December 31, 1999, incorporated by reference in this registration statement have been audited by Arthur Andersen LLP, independent public accountants, as indicated in their reports with respect
II-1
thereto, and are included herein in reliance upon the authority of said firm as experts in accounting and auditing in giving said reports.
With respect to the unaudited consolidated condensed interim financial information for the quarters ended March 31, 2000 and June 30, 2000, Arthur Andersen LLP has applied limited procedures in accordance with professional standards for a review of that information. However, their separate reports thereon state that they did not audit and they do not express an opinion on that interim financial information. Accordingly, the degree of reliance on their reports on that information should be restricted in light of the limited nature of the review procedures applied. In addition, the accountants are not subject to the liability provisions of Section 11 of the Securities Act of 1933 for their report on the unaudited consolidated condensed interim financial information because that report is not a "report" or a "part" of the registration statement prepared or certified by the accountants within the meaning of Sections 7 and 11 of the Act.
The consolidated financial statements of Northern States Power Company as of December 31, 1999 and 1998 and for each of the three years in the period ended December 31, 1999 incorporated in this Prospectus by reference to Northern States Power Company's Annual Report on Form 10-K for the year ended December 31, 1999, have been so incorporated in reliance upon the report of PricewaterhouseCoopers LLP, independent accountants, given on the authority of said firm as experts in auditing and accounting.
The legality of the shares of the common stock of Xcel Energy Inc. ("Xcel") to be issued in connection with the Plans is being passed upon for Xcel by Gary R. Johnson, Vice President and General Counsel of Xcel. At August 18, 2000, Mr. Johnson was the beneficial owner of 86,437 shares of Xcel common stock.
ITEM 6. INDEMNIFICATION OF DIRECTORS AND OFFICERS
Section 302.A.521 of Minnesota Statutes permits indemnification of officers and directors of domestic or foreign corporations under certain circumstances and subject to certain limitations. Pursuant to authorization contained in the Restated Articles of Incorporation, as amended, Article 4 of the Bylaws of the Registrant contains provisions for indemnification of its directors and officers consistent with the provisions of Section 302A.521 of the Statutes. The Registrant's Restated Articles of Incorporation also contain provisions limiting the liability of the Registrant's directors in certain instances.
The Registrant has obtained insurance policies indemnifying the Registrant and the Registrant's directors and officers against certain civil liabilities and related expenses.
ITEM 7. EXEMPTION FROM REGISTRATION CLAIMED
Not Applicable.
II-2
| ITEM 8. | EXHIBITS | |
|---|---|---|
| 4.1 | | Articles of Incorporation of the Registrant (incorporated by reference to Exhibit 4.01 to the Registrant's Form 8-K (File No. 1-3034) filed August 21, 2000). |
| 4.2 | | By-Laws of the Registrant (incorporated by reference to Exhibit 4.3 to Registrant's Form S-8 (File No. 333-48590) filed October 25, 2000). |
| 5 | | Opinion of Counsel regarding legality of securities. |
| 15.1 | | Letter on Unaudited Financial Information. |
| 23.1 | | Consent of Independent Public Accountants. |
| 23.2 | | Consent of Independent Accountants. |
| 23.3 | | Consent of Counsel (included in Exhibit 5). |
| 24 | | Power of attorney. |
| | | |
The Registrant undertakes that it will submit or has submitted the Plans and any amendments thereto to the Internal Revenue Service (the "IRS") in a timely manner and has made or will make all changes required by the IRS in order to qualify the Plans under Section 401 of the Internal Revenue Code.
ITEM 9. UNDERTAKINGS
A. Updating Disclosure
The undersigned Registrant and Plans hereby undertake:
Provided, however, that paragraphs (1)(i) and (1)(ii) do not apply if the registration statement is on Form S-3, Form S-8 or Form F-3, and the information required to be included in a post-effective amendment by those paragraphs is contained in periodic reports filed with or furnished to the Commission by the Registrant or Plans pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 that are incorporated by reference in the registration statement.
II-3
securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.
B. Subsequent Exchange Act Documents.
The undersigned Registrant and Plans hereby undertake that, for purposes of determining any liability under the Securities Act of 1933, each filing of the Registrant's annual report pursuant to Section 13(a) or 15(d) of the Securities Exchange Act of 1934 and each filing of the Plans' annual report pursuant to Section 15(d) of the Securities Exchange Act of 1934 that is incorporated by reference in the registration statement shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.
C. Indemnification.
Insofar as indemnification for liabilities arising under the Securities Act of 1933 may be permitted to directors, officers and controlling persons of the Registrant pursuant to the foregoing provisions, or otherwise, the registrant has been advised that in the opinion of the Securities and Exchange Commission such indemnification is against public policy as expressed in the Act and is, therefore, unenforceable. In the event that a claim for indemnification against such liabilities (other than the payment by the Registrant of expenses incurred or paid by a director, officer of controlling person of the registrant in the successful defense of any action, suit or proceeding) is asserted by such director, officer or controlling person in connection with the securities being registered, the registrant will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification by it is against public policy as expressed in the Act and will be governed by the final adjudication of such issue.
II-4
SIGNATURES
The Registrant. Pursuant to the requirements of the Securities Act of 1933, the Registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-8 and has duly caused this registration statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the city of Minneapolis, state of Minnesota.
| XCEL ENERGY INC. | |||
| | | By: | /s/ WAYNE H. BRUNETTI Wayne H. Brunetti, President and Chief Executive Officer |
Date: October 25, 2000
Pursuant to the requirements of Securities Act of 1933, this registration statement has been signed below by the following persons in the capacities and on the dates indicated.
SIGNATURE
/s/ JAMES J. HOWARD*
James J. Howard,
Chairman of the Board and Director
October 25, 2000
/s/ WAYNE H. BRUNETTI
Wayne H. Brunetti,
President, Chief Executive Officer
and Director
October 25, 2000
/s/ E.J. MCINTYRE*
E.J. McIntyre,
Vice President and Chief Financial Officer
October 25, 2000
/s/ DAVID E. RIPKA*
David E. Ripka,
Controller
(Chief Accounting Officer)
October 25, 2000
II-5
/s/ CONEY BURGESS*
C. Coney Burgess,
Director
October 25, 2000
/s/ DAVID A. CHRISTENSEN*
David A. Christensen,
Director
October 25, 2000
/s/ GIANNANTONIO FERRARI*
Giannantonio Ferrari,
Director
October 25, 2000
/s/ ROGER R. HEMMINGHAUS*
Roger R. Hemminghaus,
Director
October 25, 2000
/s/ A. BARRY HIRSCHFELD*
A. Barry Hirschfeld,
Director
October 25, 2000
/s/ DOUGLAS W. LEATHERDALE*
Douglas W. Leatherdale,
Director
October 25, 2000
/s/ ALBERT F. MORENO*
Albert F. Moreno,
Director
October 25, 2000
II-6
/s/ MARGARET R. PRESKA*
Margaret R. Preska,
Director
October 25, 2000
/s/ A. PATRICIA SAMPSON*
A. Patricia Sampson,
Director
October 25, 2000
/s/ ALLAN L. SCHUMAN*
Allan L. Schuman,
Director
October 25, 2000
/s/ RODNEY E. SLIFER*
Rodney E. Slifer,
Director
October 25, 2000
/s/ W. THOMAS STEPHENS*
W. Thomas Stephens,
Director
October 25, 2000
/s/ CATHY J. HART
Cathy J. Hart,
(Attorney-in-Fact)
October 25, 2000
II-7
The Plans. Pursuant to the requirements of the Securities Act of 1933, the trustees (or other persons who administer the New Century Energies, Inc. Employee Investment Plan for Bargaining Unit Employees and Former Non-Bargaining Unit Employees, the New Century Energies, Inc. Employees' Savings and Stock Ownership Plan for Bargaining Unit Employees and Former Non-Bargaining Unit Employees and the New Century Energies, Inc. Employees' Savings and Stock Ownership Plan for Non-Bargaining Unit Employees) have duly caused this Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Denver, State of Colorado.
| NEW CENTURY ENERGIES, INC. EMPLOYEE INVESTMENT PLAN FOR BARGAINING UNIT EMPLOYEES AND FORMER NON-BARGAINING UNIT EMPLOYEES | |
| | By: /s/ MARILYN E. TAYLOR |
| | NEW CENTURY ENERGIES, INC. EMPLOYEES' SAVINGS AND STOCK OWNERSHIP PLAN FOR NON-BARGAINING UNIT EMPLOYEES |
| | By: /s/ MARILYN E. TAYLOR |
| | NEW CENTURY ENERGIES, INC. EMPLOYEES' SAVINGS AND STOCK OWNERSHIP PLAN FOR BARGAINING UNIT EMPLOYEES AND FORMER NON-BARGAINING UNIT EMPLOYEES |
| | By: /s/ MARILYN E. TAYLOR |
Date: October 25, 2000
II-8
| 4.1 | | Articles of Incorporation of the Registrant (incorporated by reference to Exhibit 4.01 to the Registrant's Form 8-K (File No. 1-3034) filed August 21, 2000). |
| 4.2 | | By-Laws of the Registrant (incorporated by reference to Exhibit 4.3 to registrant's Form S-8 (File No. 333-48590) filed October 25, 2000). |
| 5 | | Opinion of Counsel regarding legality of securities. |
| 15.1 | | Letter on Unaudited Financial Information. |
| 23.1 | | Consent of Independent Public Accountants. |
| 23.2 | | Consent of Independent Accountants. |
| 23.3 | | Consent of Counsel (included in Exhibit 5). |
| 24 | | Power of attorney. |
| | | |
