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.
Poonawalla Fincorp and IndusInd Bank Introduce New Co-Branded Credit Cardnickysharmasucks
The unveiling of the IndusInd Bank Poonawalla Fincorp eLITE RuPay Platinum Credit Card marks a notable milestone in the Indian financial landscape, showcasing a successful partnership between two leading institutions, Poonawalla Fincorp and IndusInd Bank. This co-branded credit card not only offers users a plethora of benefits but also reflects a commitment to innovation and adaptation. With a focus on providing value-driven and customer-centric solutions, this launch represents more than just a new product—it signifies a step towards redefining the banking experience for millions. Promising convenience, rewards, and a touch of luxury in everyday financial transactions, this collaboration aims to cater to the evolving needs of customers and set new standards in the industry.
US Economic Outlook - Being Decided - M Capital Group August 2021.pdfpchutichetpong
The U.S. economy is continuing its impressive recovery from the COVID-19 pandemic and not slowing down despite re-occurring bumps. The U.S. savings rate reached its highest ever recorded level at 34% in April 2020 and Americans seem ready to spend. The sectors that had been hurt the most by the pandemic specifically reduced consumer spending, like retail, leisure, hospitality, and travel, are now experiencing massive growth in revenue and job openings.
Could this growth lead to a “Roaring Twenties”? As quickly as the U.S. economy contracted, experiencing a 9.1% drop in economic output relative to the business cycle in Q2 2020, the largest in recorded history, it has rebounded beyond expectations. This surprising growth seems to be fueled by the U.S. government’s aggressive fiscal and monetary policies, and an increase in consumer spending as mobility restrictions are lifted. Unemployment rates between June 2020 and June 2021 decreased by 5.2%, while the demand for labor is increasing, coupled with increasing wages to incentivize Americans to rejoin the labor force. Schools and businesses are expected to fully reopen soon. In parallel, vaccination rates across the country and the world continue to rise, with full vaccination rates of 50% and 14.8% respectively.
However, it is not completely smooth sailing from here. According to M Capital Group, the main risks that threaten the continued growth of the U.S. economy are inflation, unsettled trade relations, and another wave of Covid-19 mutations that could shut down the world again. Have we learned from the past year of COVID-19 and adapted our economy accordingly?
“In order for the U.S. economy to continue growing, whether there is another wave or not, the U.S. needs to focus on diversifying supply chains, supporting business investment, and maintaining consumer spending,” says Grace Feeley, a research analyst at M Capital Group.
While the economic indicators are positive, the risks are coming closer to manifesting and threatening such growth. The new variants spreading throughout the world, Delta, Lambda, and Gamma, are vaccine-resistant and muddy the predictions made about the economy and health of the country. These variants bring back the feeling of uncertainty that has wreaked havoc not only on the stock market but the mindset of people around the world. MCG provides unique insight on how to mitigate these risks to possibly ensure a bright economic future.
What price will pi network be listed on exchangesDOT TECH
The rate at which pi will be listed is practically unknown. But due to speculations surrounding it the predicted rate is tends to be from 30$ — 50$.
So if you are interested in selling your pi network coins at a high rate tho. Or you can't wait till the mainnet launch in 2026. You can easily trade your pi coins with a merchant.
A merchant is someone who buys pi coins from miners and resell them to Investors looking forward to hold massive quantities till mainnet launch.
I will leave the telegram contact of my personal pi vendor to trade with.
@Pi_vendor_247
how can i use my minded pi coins I need some funds.DOT TECH
If you are interested in selling your pi coins, i have a verified pi merchant, who buys pi coins and resell them to exchanges looking forward to hold till mainnet launch.
Because the core team has announced that pi network will not be doing any pre-sale. The only way exchanges like huobi, bitmart and hotbit can get pi is by buying from miners.
Now a merchant stands in between these exchanges and the miners. As a link to make transactions smooth. Because right now in the enclosed mainnet you can't sell pi coins your self. You need the help of a merchant,
i will leave the telegram contact of my personal pi merchant below. 👇 I and my friends has traded more than 3000pi coins with him successfully.
@Pi_vendor_247
when will pi network coin be available on crypto exchange.DOT TECH
There is no set date for when Pi coins will enter the market.
However, the developers are working hard to get them released as soon as possible.
Once they are available, users will be able to exchange other cryptocurrencies for Pi coins on designated exchanges.
But for now the only way to sell your pi coins is through verified pi vendor.
Here is the telegram contact of my personal pi vendor
@Pi_vendor_247
USDA Loans in California: A Comprehensive Overview.pptxmarketing367770
USDA Loans in California: A Comprehensive Overview
If you're dreaming of owning a home in California's rural or suburban areas, a USDA loan might be the perfect solution. The U.S. Department of Agriculture (USDA) offers these loans to help low-to-moderate-income individuals and families achieve homeownership.
Key Features of USDA Loans:
Zero Down Payment: USDA loans require no down payment, making homeownership more accessible.
Competitive Interest Rates: These loans often come with lower interest rates compared to conventional loans.
Flexible Credit Requirements: USDA loans have more lenient credit score requirements, helping those with less-than-perfect credit.
Guaranteed Loan Program: The USDA guarantees a portion of the loan, reducing risk for lenders and expanding borrowing options.
Eligibility Criteria:
Location: The property must be located in a USDA-designated rural or suburban area. Many areas in California qualify.
Income Limits: Applicants must meet income guidelines, which vary by region and household size.
Primary Residence: The home must be used as the borrower's primary residence.
Application Process:
Find a USDA-Approved Lender: Not all lenders offer USDA loans, so it's essential to choose one approved by the USDA.
Pre-Qualification: Determine your eligibility and the amount you can borrow.
Property Search: Look for properties in eligible rural or suburban areas.
Loan Application: Submit your application, including financial and personal information.
Processing and Approval: The lender and USDA will review your application. If approved, you can proceed to closing.
USDA loans are an excellent option for those looking to buy a home in California's rural and suburban areas. With no down payment and flexible requirements, these loans make homeownership more attainable for many families. Explore your eligibility today and take the first step toward owning your dream home.
how can I sell my pi coins for cash in a pi APPDOT TECH
You can't sell your pi coins in the pi network app. because it is not listed yet on any exchange.
The only way you can sell is by trading your pi coins with an investor (a person looking forward to hold massive amounts of pi coins before mainnet launch) .
You don't need to meet the investor directly all the trades are done with a pi vendor/merchant (a person that buys the pi coins from miners and resell it to investors)
I Will leave The telegram contact of my personal pi vendor, if you are finding a legitimate one.
@Pi_vendor_247
#pi network
#pi coins
#money
The European Unemployment Puzzle: implications from population agingGRAPE
We study the link between the evolving age structure of the working population and unemployment. We build a large new Keynesian OLG model with a realistic age structure, labor market frictions, sticky prices, and aggregate shocks. Once calibrated to the European economy, we quantify the extent to which demographic changes over the last three decades have contributed to the decline of the unemployment rate. Our findings yield important implications for the future evolution of unemployment given the anticipated further aging of the working population in Europe. We also quantify the implications for optimal monetary policy: lowering inflation volatility becomes less costly in terms of GDP and unemployment volatility, which hints that optimal monetary policy may be more hawkish in an aging society. Finally, our results also propose a partial reversal of the European-US unemployment puzzle due to the fact that the share of young workers is expected to remain robust in the US.
Latino Buying Power - May 2024 Presentation for Latino CaucusDanay Escanaverino
Unlock the potential of Latino Buying Power with this in-depth SlideShare presentation. Explore how the Latino consumer market is transforming the American economy, driven by their significant buying power, entrepreneurial contributions, and growing influence across various sectors.
**Key Sections Covered:**
1. **Economic Impact:** Understand the profound economic impact of Latino consumers on the U.S. economy. Discover how their increasing purchasing power is fueling growth in key industries and contributing to national economic prosperity.
2. **Buying Power:** Dive into detailed analyses of Latino buying power, including its growth trends, key drivers, and projections for the future. Learn how this influential group’s spending habits are shaping market dynamics and creating opportunities for businesses.
3. **Entrepreneurial Contributions:** Explore the entrepreneurial spirit within the Latino community. Examine how Latino-owned businesses are thriving and contributing to job creation, innovation, and economic diversification.
4. **Workforce Statistics:** Gain insights into the role of Latino workers in the American labor market. Review statistics on employment rates, occupational distribution, and the economic contributions of Latino professionals across various industries.
5. **Media Consumption:** Understand the media consumption habits of Latino audiences. Discover their preferences for digital platforms, television, radio, and social media. Learn how these consumption patterns are influencing advertising strategies and media content.
6. **Education:** Examine the educational achievements and challenges within the Latino community. Review statistics on enrollment, graduation rates, and fields of study. Understand the implications of education on economic mobility and workforce readiness.
7. **Home Ownership:** Explore trends in Latino home ownership. Understand the factors driving home buying decisions, the challenges faced by Latino homeowners, and the impact of home ownership on community stability and economic growth.
This SlideShare provides valuable insights for marketers, business owners, policymakers, and anyone interested in the economic influence of the Latino community. By understanding the various facets of Latino buying power, you can effectively engage with this dynamic and growing market segment.
Equip yourself with the knowledge to leverage Latino buying power, tap into their entrepreneurial spirit, and connect with their unique cultural and consumer preferences. Drive your business success by embracing the economic potential of Latino consumers.
**Keywords:** Latino buying power, economic impact, entrepreneurial contributions, workforce statistics, media consumption, education, home ownership, Latino market, Hispanic buying power, Latino purchasing power.
If you are looking for a pi coin investor. Then look no further because I have the right one he is a pi vendor (he buy and resell to whales in China). I met him on a crypto conference and ever since I and my friends have sold more than 10k pi coins to him And he bought all and still want more. I will drop his telegram handle below just send him a message.
@Pi_vendor_247
Currently pi network is not tradable on binance or any other exchange because we are still in the enclosed mainnet.
Right now the only way to sell pi coins is by trading with a verified merchant.
What is a pi merchant?
A pi merchant is someone verified by pi network team and allowed to barter pi coins for goods and services.
Since pi network is not doing any pre-sale The only way exchanges like binance/huobi or crypto whales can get pi is by buying from miners. And a merchant stands in between the exchanges and the miners.
I will leave the telegram contact of my personal pi merchant. I and my friends has traded more than 6000pi coins successfully
Tele-gram
@Pi_vendor_247
what is the future of Pi Network currency.DOT TECH
The future of the Pi cryptocurrency is uncertain, and its success will depend on several factors. Pi is a relatively new cryptocurrency that aims to be user-friendly and accessible to a wide audience. Here are a few key considerations for its future:
Message: @Pi_vendor_247 on telegram if u want to sell PI COINS.
1. Mainnet Launch: As of my last knowledge update in January 2022, Pi was still in the testnet phase. Its success will depend on a successful transition to a mainnet, where actual transactions can take place.
2. User Adoption: Pi's success will be closely tied to user adoption. The more users who join the network and actively participate, the stronger the ecosystem can become.
3. Utility and Use Cases: For a cryptocurrency to thrive, it must offer utility and practical use cases. The Pi team has talked about various applications, including peer-to-peer transactions, smart contracts, and more. The development and implementation of these features will be essential.
4. Regulatory Environment: The regulatory environment for cryptocurrencies is evolving globally. How Pi navigates and complies with regulations in various jurisdictions will significantly impact its future.
5. Technology Development: The Pi network must continue to develop and improve its technology, security, and scalability to compete with established cryptocurrencies.
6. Community Engagement: The Pi community plays a critical role in its future. Engaged users can help build trust and grow the network.
7. Monetization and Sustainability: The Pi team's monetization strategy, such as fees, partnerships, or other revenue sources, will affect its long-term sustainability.
It's essential to approach Pi or any new cryptocurrency with caution and conduct due diligence. Cryptocurrency investments involve risks, and potential rewards can be uncertain. The success and future of Pi will depend on the collective efforts of its team, community, and the broader cryptocurrency market dynamics. It's advisable to stay updated on Pi's development and follow any updates from the official Pi Network website or announcements from the team.
how to sell pi coins in South Korea profitably.DOT TECH
Yes. You can sell your pi network coins in South Korea or any other country, by finding a verified pi merchant
What is a verified pi merchant?
Since pi network is not launched yet on any exchange, the only way you can sell pi coins is by selling to a verified pi merchant, and this is because pi network is not launched yet on any exchange and no pre-sale or ico offerings Is done on pi.
Since there is no pre-sale, the only way exchanges can get pi is by buying from miners. So a pi merchant facilitates these transactions by acting as a bridge for both transactions.
How can i find a pi vendor/merchant?
Well for those who haven't traded with a pi merchant or who don't already have one. I will leave the telegram id of my personal pi merchant who i trade pi with.
Tele gram: @Pi_vendor_247
#pi #sell #nigeria #pinetwork #picoins #sellpi #Nigerian #tradepi #pinetworkcoins #sellmypi
how to sell pi coins effectively (from 50 - 100k pi)DOT TECH
Anywhere in the world, including Africa, America, and Europe, you can sell Pi Network Coins online and receive cash through online payment options.
Pi has not yet been launched on any exchange because we are currently using the confined Mainnet. The planned launch date for Pi is June 28, 2026.
Reselling to investors who want to hold until the mainnet launch in 2026 is currently the sole way to sell.
Consequently, right now. All you need to do is select the right pi network provider.
Who is a pi merchant?
An individual who buys coins from miners on the pi network and resells them to investors hoping to hang onto them until the mainnet is launched is known as a pi merchant.
debuts.
I'll provide you the Telegram username
@Pi_vendor_247
how to swap pi coins to foreign currency withdrawable.DOT TECH
As of my last update, Pi is still in the testing phase and is not tradable on any exchanges.
However, Pi Network has announced plans to launch its Testnet and Mainnet in the future, which may include listing Pi on exchanges.
The current method for selling pi coins involves exchanging them with a pi vendor who purchases pi coins for investment reasons.
If you want to sell your pi coins, reach out to a pi vendor and sell them to anyone looking to sell pi coins from any country around the globe.
Below is the contact information for my personal pi vendor.
Telegram: @Pi_vendor_247
Even tho Pi network is not listed on any exchange yet.
Buying/Selling or investing in pi network coins is highly possible through the help of vendors. You can buy from vendors[ buy directly from the pi network miners and resell it]. I will leave the telegram contact of my personal vendor.
@Pi_vendor_247
2. Safe Harbor
This material includes forward-looking statements that are subject to
certain risks, uncertainties and assumptions. Such forward-looking
statements include statements regarding projected earnings, cash
flows, capital expenditures and other statements that are intended to be
identified in this document by the words “anticipate,” “estimate,” “expect,”
“projected,” “objective,” “outlook,” “possible,” “potential” and similar
expressions. Actual results may vary materially. Factors that could cause
actual results to differ materially include, but are not limited to: general
economic conditions, including the availability of credit, actions of rating
agencies and their impact on capital expenditures; business conditions in
the energy industry; competitive factors; unusual weather; changes in
federal or state legislation; regulation; risks associated with the California
power market; currency translation and transaction adjustments; the higher
degree of risk associated with Xcel Energy’s nonregulated businesses
compared with Xcel Energy’s regulated business; the failure to realize
expectations regarding the NRG settlement agreement; financial conditions
of NRG; actions by the bankruptcy court in NRG’s bankruptcy case; and the
other risk factors listed from time to time by Xcel Energy in reports filed with
the SEC, including Exhibit 99.01 to Xcel Energy’s report on Form 10-K for
year 2002.
4. Xcel Energy Investment Merits
Integrated utility
No restructuring anticipated
Constructive regulation
Earnings growth 2-3% per year
Positive cash flow
Improving credit profile
Sustainable dividend
Liquid stock
5. Forecast
Customers (Millions)
Annual
Electric Gas Growth Rate
PSCo 1.3 1.2 1.9%
NSPM 1.4 0.4 1.5
NSPW 0.2 0.1 1.8 Minneapolis/St. Paul
Minnesota
SPS 0.4 — 0.3
Total 3.3 1.7 1.6%
Denver
Colorado
Amarillo
Texas
Generating
Plants
6. Diverse Economic Base
Unemployment Rate:
Xcel Energy Service Area: 5.1%
Nationwide: 6.5%
Employment
Services
Trade 21%
25%
Government
18%
Construction
Manufacturing & Mining
18% 6%
Transportation,
Xcel Energy’s 10 largest Finance & Communications
customers account for Real Estate & Utilities
about 8% of retail sales 6% 6%
7. Dynamic Service Area
Projected Annual
Fortune 500 Companies
Employment Growth,
Minnesota Colorado 2002-2012
Target Qwest
United HealthCare Communications
SuperValue First Data
1.6%
U.S. Bancorp Echostar
3M Communications
Best Buy Company Ball 1.2%
Xcel Energy Adolph Coors
Northwest Airlines Level 3
St. Paul Companies Communications
Cenex Harvest State
General Mills
Medtronic, Inc.
Nash Finch company Xcel Energy
US*
PepsiAmericas Service Area
C.H. Robinson Worldwide
* Global Insight forecast
8. Retail Electric Rate* Comparison
Central US
Cents per Kwh
8
5.84 5.85
6
4.42
4
2
0o
ity ver aul ouis ines cago ukee enix
ty
l
ril Ci C en
ma ake t. P t. L i o
a
Mo Ch
as Ph
lw
D
A S
s
Mi
S
ls/
lt L Kan es
Mp D
Sa
* EEI typical bills – Winter 2002
9. 2002 Generation Production Cost
S&P Electric Index Companies
Dollars per Mwh
60
50
40
30
$21.39
20
10
0
Xcel Energy
Source: Platts Powerdat
10. Balanced Power Supply
2003 Energy (Projected) 2003 Capacity
Owned
Generation
Nuclear Coal
72%
12% 51%
Purchases
24%
> 5 Yrs
21%
1- 5 Yrs
Other
4%
2% Gas < 1 Yr Contracted
3%
11% Purchases
28%
11. Fossil Generation*
Equivalent Forced Outage Rate
Percent of Time
4.6%
4.1%
3.8%
2.8% 2.8%
1999 2000 2001 2002 2003
YTD June 30
* Greater than 100 Mw
14. Minnesota Emission
Reduction Proposal (MERP)
Net Dependable
Capacity Increase
Coal to gas conversion
— High Bridge 272 Mw
— Riverside 79
Refurbish
— King (coal-fired plant) 60
Total 411 Mw
Emission reduction
— SO2 36,000 tons/year
— NOX 29,000 tons/year
Capital expenditures $1 billion 2005-2009
Contingent on approval of cost
recovery through rate rider mechanism
15. Liquidity
Dollars in Millions
Avail-
Company Facility Drawn able Cash* Liquidity*
NSPM $ 275 $ 40 $235 $110 $ 345
NSPW 0 0 0 7 7
PSCo 350 266 84 21 105
PSCo Bridge 300 300 0 0 0
SPS 100 38 62 32 94
Xcel Hold Co. 400 1 399 221 620
Total $1,425 $645 $780 $391 $1,171
* Reflects balances as of August 27, 2003
16. Refurbishment
50%
10%
15%
Capital Expenditures 25% Upgrade
Other
Customer
Additions
Dollars in Millions
2003 2004 2005
Core Utility $862 $ 861 $ 954
Prairie Island Steam
Generator 25 71 9
Minnesota MERP 13 68 137
Total Utility $900 $1,000 $1,100
Nonregulated 32 23 15
Total Capital Expenditures $932 $1,023 $1,115
17. Positive Cash Flow
Dollars in Millions
Sources 2003 2004 2005
Cash from Operations $1,300 >$1,300 >$1,300
Avoided Tax Payment/Refund 125 475 125
Citadel Greenshoe Option 58
Dividend Reinvestment 20 40 40
$1,503 * >$1,815
Total Sources >$1,465
Uses
Capital Expenditures $ 932 $1,023 $1,115
320 ** 320 **
Current Dividend Payment Rate 300
NRG Settlement 0 752
Total Uses $1,232 $2,095 $1,435
* Excludes $391 million of Xcel Energy cash on hand as of August 27, 2003
** Assumes exercise of convertible option
18. Financing Plan
Dollars in Millions
Redeemed Issued
NSPM $408 7.0% $ 375 3.8%
PSCo 589 7.2 250 4.875
PSCo 575 4.9
195 *
Xcel Energy 3.4
Total $997 7.1% $1,395 4.4%
Potential Future Redemptions**
NSPW $150 6.9%
PSCo 30 6.45
SPS 100 7.85
* Used to pay down Xcel Energy credit facility
** Includes maturing debt and opportunistic redemptions
19. 2003 Earnings Guidance
Dollars per Share
EPS Range
Utility Operations $1.25 – $1.30
Seren (0.05)
Eloigne 0.03
Holding Company Financings (0.09)
Other Nonregulated Subsidiaries 0.01
Xcel Energy — Pro forma Continuing Oper $1.15 – $1.20
Xcel Energy Share of NRG’s Losses (0.62)
Tax Effect of Settlement Payments 0.65
Additional NRG Tax Benefit 0.24
Gain on Sale of Viking Gas 0.05
Xcel Energy — GAAP $1.47 – $1.52
20. Projected Retained Earnings
Year-end 2003
Dollars in
Millions
Retained Earnings Balance (6/30/2003) $(245)
Earnings July – December* 290
Additional Tax Benefit from NRG Basis Study 105
Tax Benefit for Settlement Payments** 260
Reversal of Negative NRG Investment** 115
Dividend Declaration** (150)
Projected Year-End Retained Earnings $ 375
* For illustration purposes, assumes earnings at the low-end of
earnings guidance range
** Assumes NRG emerges from bankruptcy prior to year-end 2003
21. NRG Settlement Schedule — 2003*
Jul Aug Sep Oct Nov Dec
SEC Acts on NRG’s
Reorganization Plan and
Disclosure Statement
Completion of Solicitation
Process of NRG’s
Reorganization Plan
FERC Approval of Transfer
of Assets
Confirmation Hearing on
NRG’s Plan of Reorganization
* The actual timing of the schedule for NRG’s bankruptcy proceeding
is beyond the control of Xcel Energy and is dependent on actions by
the SEC, FERC and the bankruptcy court.
22. 2003 Priorities
Complete resolution of NRG
Pay full dividend in 2003
Improve credit ratings
Manage costs and capital expenditures
Deliver good value to our customers
Complete refinance plan
Meet earnings per share objective