This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Xcel Energy Third Quarter 2013 Earnings Report

Note 3. Xcel Energy Capital Structure, Financing and Credit Ratings

Following is the capital structure of Xcel Energy:

       

 

Percentage of

(Billions of Dollars) Sept. 30, 2013

Total Capitalization

Current portion of long-term debt $ 0.3 1 %
Short-term debt 0.3 1
Long-term debt 10.9   52  
Total debt 11.5 54
Common equity 9.5   46  
Total capitalization $ 21.0   100 %
 

Credit Facilities   As of Oct. 22, 2013, Xcel Energy Inc. and its utility subsidiaries had the following committed credit facilities available to meet its liquidity needs:

                   
(Millions of Dollars) Credit Facility (a) Drawn (b) Available Cash Liquidity
Xcel Energy Inc. $ 800.0 $ 314.0 $ 486.0 $ 0.2 $ 486.2
PSCo 700.0 6.8 693.2 105.5 798.7
NSP-Minnesota 500.0 76.9 423.1 0.1 423.2
SPS 300.0 50.0 250.0 0.2 250.2
NSP-Wisconsin 150.0   45.0   105.0   48.6   153.6
Total $ 2,450.0   $ 492.7   $ 1,957.3   $ 154.6   $ 2,111.9
 

(a) These credit facilities expire in July 2017.

(b) Includes outstanding commercial paper and letters of credit.

 

Credit Ratings — Access to the capital market at reasonable terms is dependent in part on credit ratings. The following ratings reflect the views of Moody’s Investors Service (Moody’s), Standard & Poor’s Rating Services (Standard & Poor’s), and Fitch Ratings (Fitch).

As of Oct. 22, 2013, the following represents the credit ratings assigned to Xcel Energy Inc. and its utility subsidiaries:

               
Company Credit Type Moody’s Standard & Poor’s Fitch
Xcel Energy Inc. Senior Unsecured Debt Baa1 BBB+ BBB+
Xcel Energy Inc. Commercial Paper P-2 A-2 F2
NSP-Minnesota Senior Unsecured Debt A3 A- A
NSP-Minnesota Senior Secured Debt A1 A A+
NSP-Minnesota Commercial Paper P-2 A-2 F2
NSP-Wisconsin Senior Unsecured Debt A3 A- A
NSP-Wisconsin Senior Secured Debt A1 A A+
NSP-Wisconsin Commercial Paper P-2 A-2 F2
PSCo Senior Unsecured Debt Baa1 A- A-
PSCo Senior Secured Debt A2 A A
PSCo Commercial Paper P-2 A-2 F2
SPS Senior Unsecured Debt Baa2 A- BBB+
SPS Senior Secured Debt A3 A- A-
SPS Commercial Paper P-2 A-2 F2
 

The highest credit rating for debt is Aaa/AAA and the lowest investment grade rating is Baa3/BBB-. The highest rating for commercial paper is P-1/A-1/F-1 and the lowest rating is P-3/A-3/F-3. A security rating is not a recommendation to buy, sell or hold securities. Ratings are subject to revision or withdrawal at any time by the credit rating agency and each rating should be evaluated independently of any other rating.

6 of 21

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 16,969.35 -114.45 -0.67%
S&P 500 1,982.31 -5.67 -0.29%
NASDAQ 4,454.2930 -17.8150 -0.40%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs