The document discusses presentations from the EEI Financial Forum on November 11, 2008. It includes sections on forward-looking statements, Integrys Energy Group's vision and mission, its regulated utilities serving over 2 million customers in the Midwest, American Transmission Company's service territory and investments, Integrys' regulated utility capital projects, the Weston 4 power plant project, Wisconsin Public Service and Michigan Gas Utilities rate cases, and prospects for future growth in value from regulated utilities.
air products & chemicals 2008 Feb11 Lehmanfinance26
This document provides an overview of Air Products, including its business segments, financial performance, growth opportunities, and outlook. Some key points:
- Air Products has a diverse portfolio across gases, equipment, and technologies with long-term contracts providing stability.
- The company has delivered strong sales and earnings growth in recent years and aims to continue expanding margins and improving returns.
- Major growth opportunities exist in hydrogen, oxygen for gasification, and other energy and environmental applications.
- Air Products expects to sustain double-digit earnings growth through focus on productivity and margins while maintaining its leadership in industrial gases.
After a difficult 2002, Xcel Energy is focusing on its core regulated utility businesses to drive future performance. The company reported a net loss of $2.2 billion for 2002 due to issues with its investment in NRG Energy. Excluding NRG, Xcel Energy's pro forma earnings from its utility operations were $522 million. Looking ahead, Xcel Energy will concentrate on operating its utility assets efficiently and meeting customer and environmental commitments, as these businesses form the foundation for future value creation.
1) The company reported higher net sales and earnings per share in Q4 1997 compared to Q4 1996, but lower net income due to special charges. Excluding special items, net income and EPS were also higher.
2) In FY1997, the company reported higher net sales but lower net income and EPS compared to FY1996 due to special charges related to restructuring initiatives.
3) The special charges were taken to close underperforming stores and non-core businesses, impair assets, and position the company's brands for future growth.
This document summarizes Mike Hilton's presentation at the Bank of America 37th Annual Investment Conference on September 18, 2007. The presentation provides an overview of Air Products, including its business segments, value proposition through long-term contracts and consistent cash flows, growth strategies focused on volume increases and productivity gains, and financial performance targets of 10-15% EPS growth through market expansion and margin improvements. Hilton commits to achieving an ORONA of 12.5% for fiscal year 2007 and outlines further growth opportunities in large projects, new markets, and productivity initiatives to drive sustainable double-digit returns.
This document summarizes a presentation given by Steven P. Eschbach, Vice President of Investor Relations for Midwest Utilities Seminar. The presentation provides an overview of Integrys Energy Group, a leading Midwest energy company serving over 2 million customers. Key points included Integrys' goals of long-term shareholder value and earnings growth, its diverse regulated utility businesses across six states, ongoing capital investment including the Weston 4 power plant project, and guidance for 2008 financial performance.
air products & chemicals fy 07 q1 Earningsfinance26
- Air Products reported record first quarter earnings per share of $1.03, up 29% from the previous year, on revenues of $2.43 billion, up 21%.
- Operating income was a record $332 million, up 31% over the prior year, driven by strong volume growth across all business segments.
- Based on the strong first quarter results, Air Products raised its full-year earnings per share guidance to a range of $3.98 to $4.10, representing 14-17% growth over the previous year.
The document announces the annual meeting of shareholders of WPS Resources Corporation to be held on May 15, 2003. Shareholders are asked to vote on re-electing three members of the board of directors, Kathryn M. Hasselblad-Pascale, William F. Protz, Jr., and Larry L. Weyers, to three-year terms. The document provides details on voting procedures, the structure of the board of directors and its committees, and frequently asked questions about the meeting and voting process.
The document discusses presentations from the EEI Financial Forum on November 11, 2008. It includes sections on forward-looking statements, Integrys Energy Group's vision and mission, its regulated utilities serving over 2 million customers in the Midwest, American Transmission Company's service territory and investments, Integrys' regulated utility capital projects, the Weston 4 power plant project, Wisconsin Public Service and Michigan Gas Utilities rate cases, and prospects for future growth in value from regulated utilities.
air products & chemicals 2008 Feb11 Lehmanfinance26
This document provides an overview of Air Products, including its business segments, financial performance, growth opportunities, and outlook. Some key points:
- Air Products has a diverse portfolio across gases, equipment, and technologies with long-term contracts providing stability.
- The company has delivered strong sales and earnings growth in recent years and aims to continue expanding margins and improving returns.
- Major growth opportunities exist in hydrogen, oxygen for gasification, and other energy and environmental applications.
- Air Products expects to sustain double-digit earnings growth through focus on productivity and margins while maintaining its leadership in industrial gases.
After a difficult 2002, Xcel Energy is focusing on its core regulated utility businesses to drive future performance. The company reported a net loss of $2.2 billion for 2002 due to issues with its investment in NRG Energy. Excluding NRG, Xcel Energy's pro forma earnings from its utility operations were $522 million. Looking ahead, Xcel Energy will concentrate on operating its utility assets efficiently and meeting customer and environmental commitments, as these businesses form the foundation for future value creation.
1) The company reported higher net sales and earnings per share in Q4 1997 compared to Q4 1996, but lower net income due to special charges. Excluding special items, net income and EPS were also higher.
2) In FY1997, the company reported higher net sales but lower net income and EPS compared to FY1996 due to special charges related to restructuring initiatives.
3) The special charges were taken to close underperforming stores and non-core businesses, impair assets, and position the company's brands for future growth.
This document summarizes Mike Hilton's presentation at the Bank of America 37th Annual Investment Conference on September 18, 2007. The presentation provides an overview of Air Products, including its business segments, value proposition through long-term contracts and consistent cash flows, growth strategies focused on volume increases and productivity gains, and financial performance targets of 10-15% EPS growth through market expansion and margin improvements. Hilton commits to achieving an ORONA of 12.5% for fiscal year 2007 and outlines further growth opportunities in large projects, new markets, and productivity initiatives to drive sustainable double-digit returns.
This document summarizes a presentation given by Steven P. Eschbach, Vice President of Investor Relations for Midwest Utilities Seminar. The presentation provides an overview of Integrys Energy Group, a leading Midwest energy company serving over 2 million customers. Key points included Integrys' goals of long-term shareholder value and earnings growth, its diverse regulated utility businesses across six states, ongoing capital investment including the Weston 4 power plant project, and guidance for 2008 financial performance.
air products & chemicals fy 07 q1 Earningsfinance26
- Air Products reported record first quarter earnings per share of $1.03, up 29% from the previous year, on revenues of $2.43 billion, up 21%.
- Operating income was a record $332 million, up 31% over the prior year, driven by strong volume growth across all business segments.
- Based on the strong first quarter results, Air Products raised its full-year earnings per share guidance to a range of $3.98 to $4.10, representing 14-17% growth over the previous year.
The document announces the annual meeting of shareholders of WPS Resources Corporation to be held on May 15, 2003. Shareholders are asked to vote on re-electing three members of the board of directors, Kathryn M. Hasselblad-Pascale, William F. Protz, Jr., and Larry L. Weyers, to three-year terms. The document provides details on voting procedures, the structure of the board of directors and its committees, and frequently asked questions about the meeting and voting process.
This document outlines the by-laws of Integrys Energy Group, Inc. as of February 12, 2009. It discusses the principal office, registered office, annual shareholder meetings, special shareholder meetings, place of shareholder meetings, notice requirements for shareholder meetings, and establishing a record date to determine shareholders entitled to vote. Key details include requirements for annual elections of directors, who can call special meetings, the process for shareholders to demand a special meeting, and timelines for notices of meetings.
This document provides an overview and update on Integrys Energy Group for September 2008. It discusses forward-looking statements and risks, highlights the company's regulated utilities serving over 2 million customers in the Midwest, and outlines capital investment plans totaling $1.4 billion through 2010 to grow the regulated utility businesses. It also mentions the Weston 4 power plant project and pending rate cases in Wisconsin, Michigan, and Minnesota.
The Audit Committee Charter establishes the purpose, composition, meetings, oversight areas, and responsibilities of the Audit Committee of Integrys Energy Group's Board of Directors. The Committee assists the Board in overseeing financial reporting, compliance, internal controls, risk management, and the independent auditor relationship. Key responsibilities include selecting and overseeing the independent auditor, reviewing financial statements and disclosures, and establishing procedures for complaints and anonymous submissions regarding accounting or auditing matters.
air products & chemicals Q1 FY 09 earningsfinance26
- Air Products reported net income of $69 million for the fiscal first quarter ended December 31, 2008, down from $263.7 million in the prior year. Excluding one-time charges, income was $206 million, down 21% from the prior year.
- Revenues declined 9% to $2.195 billion due to weaker volumes across segments from deteriorating economic conditions. Operating income fell 24% to $288 million.
- The company expects second quarter EPS to be between $0.80-$0.90 and full year EPS to be between $4.00-$4.30, excluding one-time charges.
air products & chemicals Q2 FY 06 Earningsfinance26
- Air Products reported a 16% increase in net income and a 19% increase in diluted EPS for its second fiscal quarter ended March 31, 2006 compared to the prior year. Revenues increased 16% to $2.3 billion due to strong volume growth in gases and equipment.
- Operating income increased 22% to $295 million driven by improved results in all segments from strong gases and equipment sales and improved chemicals pricing.
- For the third quarter, Air Products expects EPS between $0.88-$0.92 and raised full year EPS guidance to $3.40-$3.50.
Xcel Energy Inc. is a holding company that owns several regulated electric and natural gas utility subsidiaries serving customers in 11 states. In 2003, Xcel Energy directly owned five utility subsidiaries operating in the electric and natural gas segments. It also had several nonregulated subsidiaries and conducted corporate financing activities. Xcel Energy sold some subsidiaries in 2003 and classified others as discontinued operations. Regulated utility income from continuing operations decreased in 2003 primarily due to higher operating costs and weather impacts as well as share dilution. Income from discontinued operations increased due to lower losses from NRG compared to 2002.
The document summarizes Integrys Energy Group's fourth quarter 2008 earnings conference call. Key points include:
- Integrys reported $25.6 million in income available for common shareholders for Q4 2008, down from $85.1 million in Q4 2007, largely due to non-cash accounting losses at Integrys Energy Services.
- In response to the economic downturn, Integrys plans to substantially scale back or exit its nonregulated energy services business, reduce capital expenditures at its regulated utilities by 30-40% in 2009-2010, and lower its long-term EPS growth target from 6-8% to 4-6%.
- Integrys also updated its liquidity
Sanmina-SCI provides complete electronics manufacturing services globally. It offers design, engineering, supply chain management, and assembly services. The company focuses on operational excellence through world-class technology, processes, and customer service. Sanmina-SCI's goal for 2007 is improving profitability by strengthening partnerships, productivity, cost management, and expertise in product mix and pricing. It aims to create shareholder value through consistent financial performance.
- The Limited Inc. reported substantial progress in 2000 toward sustained growth through powerful fashion brands, including major progress at Express, Bath & Body Works, and Victoria's Secret.
- Fourth quarter results were significantly impacted by a downturn in consumer confidence and spending during the Christmas season due to events like the dot-com crash and the presidential election.
- Going forward, the company will continue focusing on differentiating its portfolio through a few dominant brands that understand their customers and deliver consistency, such as Express, while also integrating Structure into Express and selling Lane Bryant.
This document provides an overview of WPS Resources Corporation's community involvement efforts in 2004. It highlights several nonprofit partner organizations and programs that WPS supported through donations, fundraising, and employee volunteerism. These include:
1) The Citizen Advocacy Program of ASPIRO, Inc., which matches volunteers with people with disabilities, such as WPS employee Paul Bredael's friendship with Mike Taggard who has Down syndrome.
2) The St. Vincent De Paul "We Care" Program, through which UPPCO customers donate extra on their energy bills to help neighbors in need, administered by volunteer Bob Veeser.
3) Families in Good Company, which provides after-school and
This document is an annual report from Xcel Energy that includes consolidated financial statements and notes for the years 2000, 1999 and 1998. It includes the consolidated statements of income, cash flows, and balance sheets. It also includes reports from management and independent public accountants regarding the preparation and audit of the financial statements in accordance with accounting principles.
This document provides an overview and financial projections for Xcel Energy. It discusses Xcel Energy's integrated utility operations, forecasts steady customer and earnings growth, and outlines plans to reduce emissions and refurbish coal plants. It also summarizes Xcel Energy's liquidity and debt refinancing plans, provides 2003 earnings guidance, and outlines priorities including resolving its involvement with bankrupt company NRG.
This document provides an overview and financial projections for Xcel Energy. It discusses Xcel Energy's integrated utility operations, forecasts steady customer and earnings growth, and outlines plans to reduce emissions and refurbish coal plants. It also summarizes Xcel Energy's liquidity and debt refinancing plans, provides 2003 earnings guidance, and outlines priorities including resolving its NRG investment and maintaining its dividend.
This document provides an overview and financial projections for Xcel Energy. It discusses Xcel Energy's integrated utility operations, forecasts steady customer and earnings growth, and outlines plans to reduce emissions and refurbish coal plants. It also summarizes Xcel Energy's liquidity and debt refinancing plans, provides 2003 earnings guidance, and outlines priorities including resolving its involvement with bankrupt company NRG.
This document summarizes Xcel Energy's presentation at the 2003 Banc of America Securities Investment Conference. It outlines Xcel Energy's operations as an integrated utility across multiple US states, financial metrics including earnings growth and dividend yield, efforts to divest from the unprofitable NRG Energy business, and capital expenditure plans including converting coal plants to natural gas to reduce emissions. It also provides guidance for 2003 earnings per share and outlines financing plans to redeem higher interest debt.
This document summarizes Xcel Energy's presentation at the 2003 Banc of America Securities Investment Conference. It outlines Xcel Energy's operations as an integrated utility across multiple US states, its financial performance and guidance, initiatives to reduce emissions in Minnesota, and capital expenditure and financing plans. It highlights Xcel Energy's regulated business model, commitment to dividends, efforts to resolve issues related to its former subsidiary NRG, and expectations for continued earnings growth.
This document summarizes an investor presentation by Xcel Energy on its business operations and financial outlook. It discusses Xcel Energy's integrated utility operations, positive cash flow generation, plans to divest its stake in NRG Energy through bankruptcy proceedings, financial guidance for 2003 including earnings per share, and capital expenditure plans. The presentation also provides comparisons of Xcel Energy's operating metrics to industry peers.
This document provides an overview of Xcel Energy's financial performance and objectives presented at the Edison Electric Institute Financial Conference in October 2003. Key points include: Xcel achieved several accomplishments in 2003 including settling with NRG creditors and maintaining investment grade ratings. Objectives are to invest in utility assets, provide competitive returns, and improve credit ratings. Earnings guidance for 2003 is $1.48-$1.53 per share and $1.15-$1.25 for 2004, driven by utility operations and tax benefits from NRG. The presentation outlines capital expenditures, financing plans, and regulatory strategies.
This document provides an overview of Xcel Energy's financial performance and objectives presented at the Edison Electric Institute Financial Conference in October 2003. Key points include: Xcel achieved several accomplishments in 2003 including settling with NRG creditors and maintaining investment grade ratings. Objectives are to invest in utility assets, provide competitive returns, and improve credit ratings. Earnings guidance for 2003 is $1.48-$1.53 per share and $1.15-$1.25 for 2004, driven by utility operations and tax benefits from NRG. The presentation outlines capital expenditures, financing plans, and regulatory strategies.
This document provides an overview of Xcel Energy from their presentation at the Edison Electric Institute Financial Conference in October 2003. Key points include Xcel achieving several accomplishments in 2003 including settling with NRG creditors, maintaining investment grade ratings, and refinancing debt. Projections for 2004 include earnings of $1.15-1.25 per share assuming NRG emerges from bankruptcy. The presentation outlines Xcel's objectives, investments, regulatory strategy, and earnings drivers to emphasize the company as a low-risk, integrated utility with a total return of 7-8%.
This document provides an overview of Xcel Energy from their presentation at the Banc of America Securities Energy & Power Conference in November 2003. Key points include that Xcel achieved several accomplishments in 2003 including settling with NRG creditors and maintaining investment grade ratings. Objectives for 2004 include investing additional capital in utilities, providing competitive returns to shareholders, and improving credit ratings. Earnings guidance for 2003 is $1.48-$1.53 per share and $1.15-$1.25 per share for 2004.
This document summarizes Xcel Energy's presentation at the Banc of America Securities Energy & Power Conference on November 17-19, 2003. It discusses Xcel Energy's accomplishments in 2003, objectives for investment, earnings growth, and credit ratings improvement. It also provides guidance on projected 2003 and 2004 earnings, cash flows, utility investments, and the expected timeline for NRG's emergence from bankruptcy.
This document outlines the by-laws of Integrys Energy Group, Inc. as of February 12, 2009. It discusses the principal office, registered office, annual shareholder meetings, special shareholder meetings, place of shareholder meetings, notice requirements for shareholder meetings, and establishing a record date to determine shareholders entitled to vote. Key details include requirements for annual elections of directors, who can call special meetings, the process for shareholders to demand a special meeting, and timelines for notices of meetings.
This document provides an overview and update on Integrys Energy Group for September 2008. It discusses forward-looking statements and risks, highlights the company's regulated utilities serving over 2 million customers in the Midwest, and outlines capital investment plans totaling $1.4 billion through 2010 to grow the regulated utility businesses. It also mentions the Weston 4 power plant project and pending rate cases in Wisconsin, Michigan, and Minnesota.
The Audit Committee Charter establishes the purpose, composition, meetings, oversight areas, and responsibilities of the Audit Committee of Integrys Energy Group's Board of Directors. The Committee assists the Board in overseeing financial reporting, compliance, internal controls, risk management, and the independent auditor relationship. Key responsibilities include selecting and overseeing the independent auditor, reviewing financial statements and disclosures, and establishing procedures for complaints and anonymous submissions regarding accounting or auditing matters.
air products & chemicals Q1 FY 09 earningsfinance26
- Air Products reported net income of $69 million for the fiscal first quarter ended December 31, 2008, down from $263.7 million in the prior year. Excluding one-time charges, income was $206 million, down 21% from the prior year.
- Revenues declined 9% to $2.195 billion due to weaker volumes across segments from deteriorating economic conditions. Operating income fell 24% to $288 million.
- The company expects second quarter EPS to be between $0.80-$0.90 and full year EPS to be between $4.00-$4.30, excluding one-time charges.
air products & chemicals Q2 FY 06 Earningsfinance26
- Air Products reported a 16% increase in net income and a 19% increase in diluted EPS for its second fiscal quarter ended March 31, 2006 compared to the prior year. Revenues increased 16% to $2.3 billion due to strong volume growth in gases and equipment.
- Operating income increased 22% to $295 million driven by improved results in all segments from strong gases and equipment sales and improved chemicals pricing.
- For the third quarter, Air Products expects EPS between $0.88-$0.92 and raised full year EPS guidance to $3.40-$3.50.
Xcel Energy Inc. is a holding company that owns several regulated electric and natural gas utility subsidiaries serving customers in 11 states. In 2003, Xcel Energy directly owned five utility subsidiaries operating in the electric and natural gas segments. It also had several nonregulated subsidiaries and conducted corporate financing activities. Xcel Energy sold some subsidiaries in 2003 and classified others as discontinued operations. Regulated utility income from continuing operations decreased in 2003 primarily due to higher operating costs and weather impacts as well as share dilution. Income from discontinued operations increased due to lower losses from NRG compared to 2002.
The document summarizes Integrys Energy Group's fourth quarter 2008 earnings conference call. Key points include:
- Integrys reported $25.6 million in income available for common shareholders for Q4 2008, down from $85.1 million in Q4 2007, largely due to non-cash accounting losses at Integrys Energy Services.
- In response to the economic downturn, Integrys plans to substantially scale back or exit its nonregulated energy services business, reduce capital expenditures at its regulated utilities by 30-40% in 2009-2010, and lower its long-term EPS growth target from 6-8% to 4-6%.
- Integrys also updated its liquidity
Sanmina-SCI provides complete electronics manufacturing services globally. It offers design, engineering, supply chain management, and assembly services. The company focuses on operational excellence through world-class technology, processes, and customer service. Sanmina-SCI's goal for 2007 is improving profitability by strengthening partnerships, productivity, cost management, and expertise in product mix and pricing. It aims to create shareholder value through consistent financial performance.
- The Limited Inc. reported substantial progress in 2000 toward sustained growth through powerful fashion brands, including major progress at Express, Bath & Body Works, and Victoria's Secret.
- Fourth quarter results were significantly impacted by a downturn in consumer confidence and spending during the Christmas season due to events like the dot-com crash and the presidential election.
- Going forward, the company will continue focusing on differentiating its portfolio through a few dominant brands that understand their customers and deliver consistency, such as Express, while also integrating Structure into Express and selling Lane Bryant.
This document provides an overview of WPS Resources Corporation's community involvement efforts in 2004. It highlights several nonprofit partner organizations and programs that WPS supported through donations, fundraising, and employee volunteerism. These include:
1) The Citizen Advocacy Program of ASPIRO, Inc., which matches volunteers with people with disabilities, such as WPS employee Paul Bredael's friendship with Mike Taggard who has Down syndrome.
2) The St. Vincent De Paul "We Care" Program, through which UPPCO customers donate extra on their energy bills to help neighbors in need, administered by volunteer Bob Veeser.
3) Families in Good Company, which provides after-school and
This document is an annual report from Xcel Energy that includes consolidated financial statements and notes for the years 2000, 1999 and 1998. It includes the consolidated statements of income, cash flows, and balance sheets. It also includes reports from management and independent public accountants regarding the preparation and audit of the financial statements in accordance with accounting principles.
This document provides an overview and financial projections for Xcel Energy. It discusses Xcel Energy's integrated utility operations, forecasts steady customer and earnings growth, and outlines plans to reduce emissions and refurbish coal plants. It also summarizes Xcel Energy's liquidity and debt refinancing plans, provides 2003 earnings guidance, and outlines priorities including resolving its involvement with bankrupt company NRG.
This document provides an overview and financial projections for Xcel Energy. It discusses Xcel Energy's integrated utility operations, forecasts steady customer and earnings growth, and outlines plans to reduce emissions and refurbish coal plants. It also summarizes Xcel Energy's liquidity and debt refinancing plans, provides 2003 earnings guidance, and outlines priorities including resolving its NRG investment and maintaining its dividend.
This document provides an overview and financial projections for Xcel Energy. It discusses Xcel Energy's integrated utility operations, forecasts steady customer and earnings growth, and outlines plans to reduce emissions and refurbish coal plants. It also summarizes Xcel Energy's liquidity and debt refinancing plans, provides 2003 earnings guidance, and outlines priorities including resolving its involvement with bankrupt company NRG.
This document summarizes Xcel Energy's presentation at the 2003 Banc of America Securities Investment Conference. It outlines Xcel Energy's operations as an integrated utility across multiple US states, financial metrics including earnings growth and dividend yield, efforts to divest from the unprofitable NRG Energy business, and capital expenditure plans including converting coal plants to natural gas to reduce emissions. It also provides guidance for 2003 earnings per share and outlines financing plans to redeem higher interest debt.
This document summarizes Xcel Energy's presentation at the 2003 Banc of America Securities Investment Conference. It outlines Xcel Energy's operations as an integrated utility across multiple US states, its financial performance and guidance, initiatives to reduce emissions in Minnesota, and capital expenditure and financing plans. It highlights Xcel Energy's regulated business model, commitment to dividends, efforts to resolve issues related to its former subsidiary NRG, and expectations for continued earnings growth.
This document summarizes an investor presentation by Xcel Energy on its business operations and financial outlook. It discusses Xcel Energy's integrated utility operations, positive cash flow generation, plans to divest its stake in NRG Energy through bankruptcy proceedings, financial guidance for 2003 including earnings per share, and capital expenditure plans. The presentation also provides comparisons of Xcel Energy's operating metrics to industry peers.
This document provides an overview of Xcel Energy's financial performance and objectives presented at the Edison Electric Institute Financial Conference in October 2003. Key points include: Xcel achieved several accomplishments in 2003 including settling with NRG creditors and maintaining investment grade ratings. Objectives are to invest in utility assets, provide competitive returns, and improve credit ratings. Earnings guidance for 2003 is $1.48-$1.53 per share and $1.15-$1.25 for 2004, driven by utility operations and tax benefits from NRG. The presentation outlines capital expenditures, financing plans, and regulatory strategies.
This document provides an overview of Xcel Energy's financial performance and objectives presented at the Edison Electric Institute Financial Conference in October 2003. Key points include: Xcel achieved several accomplishments in 2003 including settling with NRG creditors and maintaining investment grade ratings. Objectives are to invest in utility assets, provide competitive returns, and improve credit ratings. Earnings guidance for 2003 is $1.48-$1.53 per share and $1.15-$1.25 for 2004, driven by utility operations and tax benefits from NRG. The presentation outlines capital expenditures, financing plans, and regulatory strategies.
This document provides an overview of Xcel Energy from their presentation at the Edison Electric Institute Financial Conference in October 2003. Key points include Xcel achieving several accomplishments in 2003 including settling with NRG creditors, maintaining investment grade ratings, and refinancing debt. Projections for 2004 include earnings of $1.15-1.25 per share assuming NRG emerges from bankruptcy. The presentation outlines Xcel's objectives, investments, regulatory strategy, and earnings drivers to emphasize the company as a low-risk, integrated utility with a total return of 7-8%.
This document provides an overview of Xcel Energy from their presentation at the Banc of America Securities Energy & Power Conference in November 2003. Key points include that Xcel achieved several accomplishments in 2003 including settling with NRG creditors and maintaining investment grade ratings. Objectives for 2004 include investing additional capital in utilities, providing competitive returns to shareholders, and improving credit ratings. Earnings guidance for 2003 is $1.48-$1.53 per share and $1.15-$1.25 per share for 2004.
This document summarizes Xcel Energy's presentation at the Banc of America Securities Energy & Power Conference on November 17-19, 2003. It discusses Xcel Energy's accomplishments in 2003, objectives for investment, earnings growth, and credit ratings improvement. It also provides guidance on projected 2003 and 2004 earnings, cash flows, utility investments, and the expected timeline for NRG's emergence from bankruptcy.
This document summarizes Xcel Energy's presentation at the Banc of America Securities Energy & Power Conference on November 17-19, 2003. It discusses Xcel Energy's accomplishments in 2003, objectives for investment, earnings growth, and credit ratings improvement. It also provides guidance on projected 2003 and 2004 earnings, cash flows, utility investments, and the expected timeline for NRG's emergence from bankruptcy.
This document provides an overview of Xcel Energy Inc. for investors attending the EEI International Financial Conference. It summarizes Xcel's financial performance, business segments, generation assets, environmental commitments, regulatory strategy, and earnings guidance. The presentation outlines Xcel's strengths as a utility, investment merits, and objectives to invest additional capital in its utility business and improve credit ratings while providing competitive returns.
This document provides an overview of Xcel Energy Inc. for investors attending the EEI International Financial Conference. It summarizes Xcel's financial performance, business segments, generation assets, environmental commitments, regulatory strategy, and earnings guidance. The presentation outlines Xcel's strengths as a growing utility, its investment merits, and capital expenditure plans to improve its credit ratings and provide competitive returns.
This document provides an overview of Xcel Energy Inc. for investors attending the EEI International Financial Conference. It summarizes Xcel's business segments, strengths, investment merits, capital investment plans, power supply, environmental commitments, and financial performance. Projections for 2004 earnings per share and cash flow are also presented. Key points include Xcel being the 4th largest US electric and gas utility, a growing service area, low rates, and a goal of providing competitive total returns of 7-9% to shareholders.
Xcel Energy reported improved second quarter 2004 earnings compared to the second quarter of 2003. Net income for the quarter was $86 million, or $0.21 per share, compared to a net loss of $283 million, or $0.71 per share in 2003. Regulated utility earnings from continuing operations improved to $89 million in 2004 from $77 million in 2003. Results from discontinued operations were earnings of $5 million in 2004 compared to losses of $337 million in 2003. The company maintained its annual earnings guidance of $1.15 to $1.25 per share.
This document summarizes a presentation given by Dick Kelly, president and COO of Xcel Energy, at a Lehman Brothers energy conference on September 8, 2004. Kelly outlines Xcel Energy's strategy of investing $900-950 million annually in its utility assets to meet growth, while also pursuing specific generation projects, including a $1 billion coal plant expansion in Colorado. Kelly projects total shareholder return of 7-9% annually through earnings growth of 2-4% and a dividend yield of around 5%.
Wayne Brunetti is the Chairman and CEO of Xcel Energy, a major electric and gas utility. The document discusses Xcel Energy's business strategy, which involves continued investment in its utility assets to meet growth. Key capital projects include a $1 billion emissions reduction program in Minnesota and a proposed $1.3 billion coal plant in Colorado. The summary also provides Xcel Energy's earnings guidance for 2004 and discusses its dividend policy. Brunetti emphasizes that Xcel Energy needs clarity on public policy regarding energy and the environment to effectively plan and invest.
Wayne Brunetti is the Chairman and CEO of Xcel Energy, a major electric and gas utility. The document discusses Xcel Energy's business strategy, which involves continued investment in its utility assets to meet growth. Key capital projects include a $1 billion emissions reduction program in Minnesota and a proposed $1.3 billion coal plant in Colorado. The summary also outlines Xcel Energy's financial metrics, earnings guidance, and dividend policy. Brunetti emphasizes that Xcel Energy needs clarity on public policy regarding energy and the environment to effectively plan and invest.
Wayne Brunetti is the Chairman and CEO of Xcel Energy, a major electric and gas utility. The document discusses Xcel Energy's business strategy, which involves continued investment in its utility assets to meet growth. Key capital projects include a $1 billion emissions reduction program in Minnesota and a proposed $1.3 billion coal plant in Colorado. The summary also provides Xcel Energy's earnings guidance for 2004 and discusses its dividend policy. Brunetti emphasizes that Xcel Energy needs clarity on public policy regarding energy and the environment to effectively plan and invest.
13 Jun 24 ILC Retirement Income Summit - slides.pptxILC- UK
ILC's Retirement Income Summit was hosted by M&G and supported by Canada Life. The event brought together key policymakers, influencers and experts to help identify policy priorities for the next Government and ensure more of us have access to a decent income in retirement.
Contributors included:
Jo Blanden, Professor in Economics, University of Surrey
Clive Bolton, CEO, Life Insurance M&G Plc
Jim Boyd, CEO, Equity Release Council
Molly Broome, Economist, Resolution Foundation
Nida Broughton, Co-Director of Economic Policy, Behavioural Insights Team
Jonathan Cribb, Associate Director and Head of Retirement, Savings, and Ageing, Institute for Fiscal Studies
Joanna Elson CBE, Chief Executive Officer, Independent Age
Tom Evans, Managing Director of Retirement, Canada Life
Steve Groves, Chair, Key Retirement Group
Tish Hanifan, Founder and Joint Chair of the Society of Later life Advisers
Sue Lewis, ILC Trustee
Siobhan Lough, Senior Consultant, Hymans Robertson
Mick McAteer, Co-Director, The Financial Inclusion Centre
Stuart McDonald MBE, Head of Longevity and Democratic Insights, LCP
Anusha Mittal, Managing Director, Individual Life and Pensions, M&G Life
Shelley Morris, Senior Project Manager, Living Pension, Living Wage Foundation
Sarah O'Grady, Journalist
Will Sherlock, Head of External Relations, M&G Plc
Daniela Silcock, Head of Policy Research, Pensions Policy Institute
David Sinclair, Chief Executive, ILC
Jordi Skilbeck, Senior Policy Advisor, Pensions and Lifetime Savings Association
Rt Hon Sir Stephen Timms, former Chair, Work & Pensions Committee
Nigel Waterson, ILC Trustee
Jackie Wells, Strategy and Policy Consultant, ILC Strategic Advisory Board
Discover the Future of Dogecoin with Our Comprehensive Guidance36 Crypto
Learn in-depth about Dogecoin's trajectory and stay informed with 36crypto's essential and up-to-date information about the crypto space.
Our presentation delves into Dogecoin's potential future, exploring whether it's destined to skyrocket to the moon or face a downward spiral. In addition, it highlights invaluable insights. Don't miss out on this opportunity to enhance your crypto understanding!
https://36crypto.com/the-future-of-dogecoin-how-high-can-this-cryptocurrency-reach/
In World Expo 2010 Shanghai – the most visited Expo in the World History
https://www.britannica.com/event/Expo-Shanghai-2010
China’s official organizer of the Expo, CCPIT (China Council for the Promotion of International Trade https://en.ccpit.org/) has chosen Dr. Alyce Su as the Cover Person with Cover Story, in the Expo’s official magazine distributed throughout the Expo, showcasing China’s New Generation of Leaders to the World.
How to Invest in Cryptocurrency for Beginners: A Complete GuideDaniel
Cryptocurrency is digital money that operates independently of a central authority, utilizing cryptography for security. Unlike traditional currencies issued by governments (fiat currencies), cryptocurrencies are decentralized and typically operate on a technology called blockchain. Each cryptocurrency transaction is recorded on a public ledger, ensuring transparency and security.
Cryptocurrencies can be used for various purposes, including online purchases, investment opportunities, and as a means of transferring value globally without the need for intermediaries like banks.
The Rise and Fall of Ponzi Schemes in America.pptxDiana Rose
Ponzi schemes, a notorious form of financial fraud, have plagued America’s investment landscape for decades. Named after Charles Ponzi, who orchestrated one of the most infamous schemes in the early 20th century, these fraudulent operations promise high returns with little or no risk, only to collapse and leave investors with significant losses. This article explores the nature of Ponzi schemes, notable cases in American history, their impact on victims, and measures to prevent falling prey to such scams.
Understanding Ponzi Schemes
A Ponzi scheme is an investment scam where returns are paid to earlier investors using the capital from newer investors, rather than from legitimate profit earned. The scheme relies on a constant influx of new investments to continue paying the promised returns. Eventually, when the flow of new money slows down or stops, the scheme collapses, leaving the majority of investors with substantial financial losses.
Historical Context: Charles Ponzi and His Legacy
Charles Ponzi is the namesake of this deceptive practice. In the 1920s, Ponzi promised investors in Boston a 50% return within 45 days or 100% return in 90 days through arbitrage of international reply coupons. Initially, he paid returns as promised, not from profits, but from the investments of new participants. When his scheme unraveled, it resulted in losses exceeding $20 million (equivalent to about $270 million today).
Notable American Ponzi Schemes
1. Bernie Madoff: Perhaps the most notorious Ponzi scheme in recent history, Bernie Madoff’s fraud involved $65 billion. Madoff, a well-respected figure in the financial industry, promised steady, high returns through a secretive investment strategy. His scheme lasted for decades before collapsing in 2008, devastating thousands of investors, including individuals, charities, and institutional clients.
2. Allen Stanford: Through his company, Stanford Financial Group, Allen Stanford orchestrated a $7 billion Ponzi scheme, luring investors with fraudulent certificates of deposit issued by his offshore bank. Stanford promised high returns and lavish lifestyle benefits to his investors, which ultimately led to a 110-year prison sentence for the financier in 2012.
3. Tom Petters: In a scheme that lasted more than a decade, Tom Petters ran a $3.65 billion Ponzi scheme, using his company, Petters Group Worldwide. He claimed to buy and sell consumer electronics, but in reality, he used new investments to pay off old debts and fund his extravagant lifestyle. Petters was convicted in 2009 and sentenced to 50 years in prison.
4. Eric Dalius and Saivian: Eric Dalius, a prominent figure behind Saivian, a cashback program promising high returns, is under scrutiny for allegedly orchestrating a Ponzi scheme. Saivian enticed investors with promises of up to 20% cash back on everyday purchases. However, investigations suggest that the returns were paid using new investments rather than legitimate profits. The collapse of Saivian l
How to Identify the Best Crypto to Buy Now in 2024.pdfKezex (KZX)
To identify the best crypto to buy in 2024, analyze market trends, assess the project's fundamentals, review the development team and community, monitor adoption rates, and evaluate risk tolerance. Stay updated with news, regulatory changes, and expert opinions to make informed decisions.
Budgeting as a Control Tool in Government Accounting in Nigeria
Being a Paper Presented at the Nigerian Maritime Administration and Safety Agency (NIMASA) Budget Office Staff at Sojourner Hotel, GRA, Ikeja Lagos on Saturday 8th June, 2024.
An accounting information system (AIS) refers to tools and systems designed for the collection and display of accounting information so accountants and executives can make informed decisions.
Fabular Frames and the Four Ratio ProblemMajid Iqbal
Digital, interactive art showing the struggle of a society in providing for its present population while also saving planetary resources for future generations. Spread across several frames, the art is actually the rendering of real and speculative data. The stereographic projections change shape in response to prompts and provocations. Visitors interact with the model through speculative statements about how to increase savings across communities, regions, ecosystems and environments. Their fabulations combined with random noise, i.e. factors beyond control, have a dramatic effect on the societal transition. Things get better. Things get worse. The aim is to give visitors a new grasp and feel of the ongoing struggles in democracies around the world.
Stunning art in the small multiples format brings out the spatiotemporal nature of societal transitions, against backdrop issues such as energy, housing, waste, farmland and forest. In each frame we see hopeful and frightful interplays between spending and saving. Problems emerge when one of the two parts of the existential anaglyph rapidly shrinks like Arctic ice, as factors cross thresholds. Ecological wealth and intergenerational equity areFour at stake. Not enough spending could mean economic stress, social unrest and political conflict. Not enough saving and there will be climate breakdown and ‘bankruptcy’. So where does speculative design start and the gambling and betting end? Behind each fabular frame is a four ratio problem. Each ratio reflects the level of sacrifice and self-restraint a society is willing to accept, against promises of prosperity and freedom. Some values seem to stabilise a frame while others cause collapse. Get the ratios right and we can have it all. Get them wrong and things get more desperate.
How Poonawalla Fincorp and IndusInd Bank’s Co-Branded RuPay Credit Card Cater...beulahfernandes8
The eLITE RuPay Platinum Credit Card, a strategic collaboration between Poonawalla Fincorp and IndusInd Bank, represents a significant advancement in India's digital financial landscape. Spearheaded by Abhay Bhutada, MD of Poonawalla Fincorp, the card leverages deep customer insights to offer tailored features such as no joining fees, movie ticket offers, and rewards on UPI transactions. IndusInd Bank's solid banking infrastructure and digital integration expertise ensure seamless service delivery in today's fast-paced digital economy. With a focus on meeting the growing demand for digital financial services, the card aims to cater to tech-savvy consumers and differentiate itself through unique features and superior customer service, ultimately poised to make a substantial impact in India's digital financial services space.
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
1. Integrys Energy Group
Annual Shareholders Meeting
May 15, 2008
“Moving Forward”
By Larry L. Weyers
President & CEO
It is a pleasure for me to be here at the first Integrys Energy Group Annual
Shareholders Meeting held in Chicago.
Integrys has been on a blistering pace since the company’s formation just over
14 months ago. We have spent many long hours establishing the systems and
infrastructure that are essential to the organization’s foundation. We are now working
hard to build on that foundation to form Integrys into the company we want it to be and
know it can be. The pace of the past year has allowed us to meet or exceed critical
milestones and put us on a path for future success.
Today, while we look back at a few of our accomplishments, we will also look
ahead at ways we are moving forward.
The business environment during the past year provided many challenges—falling
real estate prices, sub-prime loans in the financial sector, rising costs for all types of
energy, and a devalued dollar. These challenges impacted our nation, our industry, and
our company.
Despite these challenges, employees across the Integrys enterprise continued
moving forward, meeting deadlines, passing milestones, and completing activities to
ensure the continuing success of our company.
Integration of the various companies that form Integrys Energy Group took center
stage last year. An aggressive change management initiative aided employees in dealing
with the magnitude of the change as we merged the cultures and the operating systems of
our previously different companies. We revisited our vision, mission, and values to ensure
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2. they are consistent with our vision for Integrys, and we added a set of Commitments to
further describe the high standard that Integrys expects of its leaders and its employees.
Our change management work continues as Integrys evolves.
Human Resource programs and systems were revamped to provide Integrys with
state-of-the-art options that will enable us to continue attracting the very best talent,
develop employees throughout their career, and retain them as long as possible.
Dedicated employees in our Information Technology group modified the IT platforms in
critical areas including Human Resources, Finance and Accounting, and several other
areas of the company, providing us an integrated platform for future growth. Employees
across the enterprise worked diligently to capture synergy savings from the combined
companies. We captured 38 million dollars in synergy savings in the past year, exceeding
our initial budgeted synergy savings for 2007 by 15 million dollars. We are on a path to
capture 73 million dollars in permanent synergy savings in 2008.
In addition to the integration activities, we completed several operational
milestones that will continue to capture value for shareholders and lower the risk profile of
our corporation. Let me expand on a few of the more significant ones.
On February 21, 2007, we closed the merger and created Integrys. We also
announced the proposed sale of the Peoples Energy Production subsidiary. That sale
was completed by the end of September, reducing the risk profile of the company,
reducing the cash requirements for capital expenditures, and resulting in a significant cash
infusion well beyond the pre-merger pro forma estimates.
We filed and completed rate cases in Illinois for Peoples Gas and North Shore Gas.
These were the first rate cases for these 2 subsidiaries in 12 years. In spite of that, we
requested only an 8 percent increase in rates. The rate cases were reasonably
successful with a rate increase of approximately 71 million dollars at Peoples Gas and a
provision that will allow us to continue promoting energy efficiency without harming future
returns.
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3. We negotiated a new five-year labor agreement with the Utility Workers Union of
America, Gas Workers Local 18007. Each and every member of Local 18007 is a key
member of our team and crucial to our efforts and success in Chicago. We very much
appreciate having their cooperation and leadership. Thank you for the faith you have in
our new relationship. We will continually work to justify that faith.
We created a new services company, Integrys Business Support, to provide
centralized services to all subsidiaries. This will enable us to provide services at a lower
cost. It also positions us well for future growth as support services can quickly flex to
accommodate organizational changes. Integrys Business Support currently provides
employment to about 1,400 employees across the company.
We also completed major milestones in our construction projects. The 250-mile
transmission project connecting Wausau, Wisconsin, to Duluth, Minnesota, was
completed on behalf of the American Transmission Company late in 2007 and energized
in early 2008. We are also nearing completion of the Weston 4 coal plant project. This
new plant produced its first electricity in March, was deemed in service for accounting
purposes in April, and will be available for full commercial operations during this peak
summer period. More importantly, we were able to build Weston 4 at a total project cost
of approximately 800 million dollars, which equates to a per kilowatt cost of about
1,600 dollars. We and other industry experts estimate that a similar plant today would
cost anywhere from 2,500 to 3,000 dollars per kilowatt. The completion of these two
projects reduces our capital expenditures program and reduces the risk associated with
our construction efforts.
As we grow our business, we are also moving forward to provide further protection
for the environment. At Integrys, we take our environmental performance and
stewardship very seriously. We will do our part to further protect the environment and
ensure sustainability of our customers’ activities and lifestyles. In the past 12 months, we
have developed a better understanding of our carbon footprint, committed to more than
300 megawatts of wind generating capacity, shut down our two oldest coal-fired plants,
entered into discussions for 500 megawatts of green hydro capacity from Manitoba Hydro,
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4. and constructed the Weston 4 coal plant, which will be one of the cleanest operating coal
plants in the country.
The environment is important to our nonregulated business also. Integrys Energy
Services created a business unit focused on renewables, efficiency, and conservation to
ensure we are well positioned to proactively address our customers’ increasing desire for
environmentally friendly products. In addition, we have refocused our nonegulated asset
investment to better address clean and renewable energy technologies. We developed a
landfill gas electric generation facility in Rockford, Illinois, and are in the process of
installing a photovoltaic solar system at a customer facility in Connecticut. While both
projects are the right thing to do, we are also doing them in a way that will earn a
reasonable return on the dollars we invest.
Today, I am proud to announce a more aggressive commitment to energy
efficiency. We will work with regulators, legislators, and customers to find ways to
improve energy efficiency. We have already begun with a commitment to spend
7.5 million dollars annually in Illinois for energy efficiency initiatives. Peoples Gas is one
of the premier sponsors of a Smart Home that was recently built in Chicago at the
Museum of Science and Industry. It is a sustainable “green” home and will be used to
demonstrate new energy efficiency ideas. The home will be warmed by Peoples Gas and
will showcase the ways, big and small, that people can make eco-friendly living a part of
their lives. Also, I am serving on the Governor’s Task Force on Global Climate Change in
Wisconsin. Energy efficiency will be a major component of our recommendation. At our
electric utilities in Wisconsin and Michigan, we see little probability that we will construct
anything other than green generation resources for years to come.
We have committed to a new initiative designated, Operational Excellence. We
want all of our subsidiaries to achieve excellence in all of their operations. To ensure this,
we have established four pillars of this initiative: Project Management, Process
Improvement, Compliance, and Contract Administration. Together these will guide our
subsidiaries in their efforts.
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5. Moving forward, the future for Integrys Energy Group is full of opportunity. Integrys
is poised for growth. The platforms are in place to accommodate physical growth, and the
plans are in place to realize growth in earnings. In addition, our risk profile has been
substantially improved with a much larger utility base providing an estimated 75 percent of
our earnings for the next few years. Our capital expenditures have shifted from investing
in large generation projects, transmission, and natural gas exploration to capital
expenditures for renewable projects, energy efficiency, emission reductions, and
conservation. These are investments that support our strategy to move us closer to being
a green company. Integrys has substantial investment opportunity, but we will invest with
a cautious eye on the associated price increases for our customers. We must ensure that
we meet our mission of providing customers with the best value in energy.
A major part of our strategy is to provide shareholders with attractive returns. Our
common stock dividend currently provides a return of over 5 percent, and this year we are
celebrating the 50th consecutive year of dividend increases. Only seven other publicly
held companies in America have exceeded our record of consecutive dividend increases.
We are proud of that record because we know that our shareholders count on those
dividends.
Shareholders can also be assured that Integrys is committed to following good
governance policies. This year we received exceptionally high rankings in governance
from two leading governance ratings services. ISS Governance Services in their annual
proxy analysis gave us an index rating better than 88 percent of the companies in the
S&P 500 and better than 93 percent of the companies in our industry.
Another governance rating firm, Governance Metrics International, gave us a
perfect 10 in their global ratings, which include 4,000 companies worldwide. Our home
market rating, which compares us to companies in the United States, was a 9.5.
One of the governance items that concerns shareholders is the level of
compensation provided to our officers and directors. Our compensation policy is simple.
We believe that everyone at every level should have the opportunity to earn compensation
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6. consistent with the competitive value of the job they perform. If we pay less, we will lose
valuable talent. If we pay more, we will become less competitive. Each year the Board of
Directors hires one of the premier compensation consultants in the United States to help
them determine compensation levels and set compensation policy. They have concluded
that our compensation levels are consistent with the market.
One of our oldest subsidiaries has been moving forward for a long time and this
year passed a significant milestone. This year we are celebrating the 125th anniversary of
Wisconsin Public Service Corporation. It was founded as the Oshkosh Gas & Light
Company and over the years has evolved into a recognized energy and community leader
in northeast Wisconsin. This reputation has grown because employees of the company
have been focused on serving customers for the past 125 years. We expect to continue
this record indefinitely.
Today I am pleased to announce that Integrys is spearheading an effort to create
an Illinois Utility Investors group. This new organization will seek members from all utility
investors, both electric and natural gas. Illinois Utility Investors will then engage in
activities designed to protect your investments. Illinois Utility Investors will be modeled
after similar organizations in many other states. You will be hearing more about this in a
few weeks. I encourage you to join.
As you know, the strength of any corporation depends a great deal on the
leadership available on the Board of Directors and the management team. I’m pleased to
report that we have a great deal of bench strength in both areas. Part of that bench
strength will be called upon because we will be saying goodbye to two of our board
members and three of our senior management team. Jim Boris, current Chairman of the
Board, will be leaving us to pursue personal activities, and Diana Ferguson left us in April
to devote total attention to her new management position with another firm. In addition,
Tom Nardi, past Chief Financial Officer of Peoples Energy and currently President of
Integrys Business Support and the driving force behind the development of that
subsidiary, will be leaving us to pursue other activities. Bud Treml, Senior Vice President
and Chief Human Resources Officer, is retiring after 36 years of employment with our
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7. company. Bud delayed his retirement to help us with our merger, and we appreciate his
help during the integration. Gary Erickson, President of Michigan Gas Utilities and past
President of Upper Peninsula Power Company, will retire later this year. Gary started with
our company as a line electrician and will have 40 years of service when he retires. We
thank these five individuals for the service they have provided to our corporation over the
years and for the contributions they have made to our success. We wish them all the best
in their future endeavors.
I will close by thanking all of our shareholders for the investment you have made in
our company and for the trust you have placed in us. Rest assured that we will do our
very best to provide good returns for you and protect your investment as we continue
moving forward.
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