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.
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
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
Turin Startup Ecosystem 2024 - Ricerca sulle Startup e il Sistema dell'Innov...Quotidiano Piemontese
Turin Startup Ecosystem 2024
Una ricerca de il Club degli Investitori, in collaborazione con ToTeM Torino Tech Map e con il supporto della ESCP Business School e di Growth Capital
Empowering the Unbanked: The Vital Role of NBFCs in Promoting Financial Inclu...Vighnesh Shashtri
In India, financial inclusion remains a critical challenge, with a significant portion of the population still unbanked. Non-Banking Financial Companies (NBFCs) have emerged as key players in bridging this gap by providing financial services to those often overlooked by traditional banking institutions. This article delves into how NBFCs are fostering financial inclusion and empowering the unbanked.
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
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.
The secret way to sell pi coins effortlessly.DOT TECH
Well as we all know pi isn't launched yet. But you can still sell your pi coins effortlessly because some whales in China are interested in holding massive pi coins. And they are willing to pay good money for it. If you are interested in selling I will leave a contact for you. Just telegram this number below. I sold about 3000 pi coins to him and he paid me immediately.
Telegram: @Pi_vendor_247
what is the best method to sell pi coins in 2024DOT TECH
The best way to sell your pi coins safely is trading with an exchange..but since pi is not launched in any exchange, and second option is through a VERIFIED pi merchant.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and pioneers and resell them to Investors looking forward to hold massive amounts before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade pi coins with.
@Pi_vendor_247
What website can I sell pi coins securely.DOT TECH
Currently there are no website or exchange that allow buying or selling of pi coins..
But you can still easily sell pi coins, by reselling it to exchanges/crypto whales interested in holding thousands of pi coins before the mainnet launch.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and resell to these crypto whales and holders of pi..
This is because pi network is not doing any pre-sale. The only way exchanges can get pi is by buying from miners and pi merchants stands in between the miners and the exchanges.
How can I sell my pi coins?
Selling pi coins is really easy, but first you need to migrate to mainnet wallet before you can do that. I will leave the telegram contact of my personal pi merchant to trade with.
Tele-gram.
@Pi_vendor_247
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.
how can I sell pi coins after successfully completing KYCDOT TECH
Pi coins is not launched yet in any exchange 💱 this means it's not swappable, the current pi displaying on coin market cap is the iou version of pi. And you can learn all about that on my previous post.
RIGHT NOW THE ONLY WAY you can sell pi coins is through verified pi merchants. A pi merchant is someone who buys pi coins and resell them to exchanges and crypto whales. Looking forward to hold massive quantities of pi coins before the mainnet launch.
This is because pi network is not doing any pre-sale or ico offerings, the only way to get my coins is from buying from miners. So a merchant facilitates the transactions between the miners and these exchanges holding pi.
I and my friends has sold more than 6000 pi coins successfully with this method. I will be happy to share the contact of my personal pi merchant. The one i trade with, if you have your own merchant you can trade with them. For those who are new.
Message: @Pi_vendor_247 on telegram.
I wouldn't advise you selling all percentage of the pi coins. Leave at least a before so its a win win during open mainnet. Have a nice day pioneers ♥️
#kyc #mainnet #picoins #pi #sellpi #piwallet
#pinetwork
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.
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.
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xel_021104
1. EEI International Financial Conference
February 16, 2004 Xcel Energy Inc.
800 Nicollet Mall
Minneapolis, Minnesota 55402
www.xcelenergy.com
2. Safe Harbor
This material includes forward-looking statements that are subject to certain risks, uncertainties
and assumptions. Such forward-looking statements include statements that are intended to be
identified in his 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 access to capital; business conditions in the energy industry; competitive
factors; unusual weather; changes in federal or state legislation; regulation; currency translation
and transaction adjustments; the higher degree of risk associated with Xcel Energy’s
nonregulated businesses compared with Xcel Energy’s regulated business; actions by
regulators, including the Securities and Exchange commission (SEC) under the Public Utility
Holding Company Act of 1935 (PUHCA); risks related to investigations and enforcement actions
by state and federal regulators, including the Commodity Futures Trading Commission (CFTC),
the SEC and the Federal Regulatory Commission; 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.
For more information, contact:
R J Kolkmann Managing Director, Investor Relations 612.215.4559
P A Johnson Director, Investor Relations 612.215.4535
www.xcelenergy.com
2
4. 4th largest US electric
Minneapolis/St. Paul and gas utility –
Minnesota
above average growth
Denver
Colorado
Amarillo
Texas
Business Segments
Generating Electric Gas
Millions
Plants
Revenue $5,438 $1,403
Net Income $479 $99
Plant $16,517 $2,604
Customers 3.3 1.7
4
5. Xcel Energy Strengths
Growing service area
Operate utility assets well;
outstanding generation
Strong environmental record
Low rates
Fair regulation
Forward-looking policy makers
Increasing financial strength
5
6. Xcel Energy Investment Merits
Low risk, integrated utility
Simple business model
No restructuring planned
Constructive regulation
Improving credit profile
Total return 7 – 9%
6
7. Objectives
Invest additional capital in utility
business with assurance of
regulatory recovery
Provide competitive returns
to shareholders
Improve credit ratings
7
8. Invest Additional Capital
2004 — 2010
Core utility capital investment of $900 to $950 million/year
Dollars
Committed Incremental Capital Additions in Millions
Nuclear steam generator replacement $80
Nuclear vessel head replacement $45
Minnesota Metro Emission Reduction Program $1,000
Prospective Capital Additions
Minnesota/South Dakota combustion turbines $165
Potential Colorado coal plant $1,000
8
9. Power Supply — 2003
Energy Capacity
Owned
Generation
Nuclear
72%
12%
Coal
51%
Purchases
24% > 5 Yrs
21%
1- 5 Yrs
4%
Other
< 1 Yr Contracted
2%
Gas Purchases
3%
11% 28%
9
10. 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
11. Fossil Generation *
Equivalent Forced Outage Rate
Percent of Time
4.8 4.8
4.1
3.8
3.6
2.8
1998 1999 2000 2001 2002 2003
* Greater than 100 Mw
11
12. Environmental Commitment
Meet or exceed all regulatory requirements
Support environmental initiatives
Promote energy
efficiency, emission
reduction and natural
resource conservation
12
19. Credit Rating Objectives
Holding Company BBB+ to BBB
Operating Utility A Range
Current Capital Structure
Debt
56%
Preferred
Equity
1%
Common Equity
43%
19
20. 2003 vs 2002 Earnings
2003 2002
Net Income from continuing
operations (Millions) $510 $528
Shares (Millions) — Diluted 419 385
Dollars per Share
Earnings per share — Diluted
2003 2002
Income from continuing
operations $1.23 $ 1.37
Income/loss from discontinued
operations .27 -7.14
$1.50 $-5.77
20
21. Provide Competitive Total Return
Earnings Growth 2 – 4% per year
Dividend Yield 4.3%
Total Return 7 – 9%
21
22. 2004 Earnings Guidance
Dollars per Share
EPS Range
Utility Operations $1.25 – $1.33
Holding Company Finance Cost (0.08)
Seren (0.03)
Eloigne 0.01
Other Nonregulated Subsidiaries 0.00 – 0.02
Xcel Energy $1.15 – $1.25
22
23. Projected Cash Flow
Dollars in Millions
Sources 2004 2005
Cash from Operations >$1,300 >$1,300
Avoided Tax Payment 125 125
Tax Refund — NRG 325
>$1,750 *
Total Sources >$1,425
Uses
Capital Expenditures $1,200 $1,200
Current Dividend Payment Rate 300 300
NRG Settlement 752
Total Uses $2,252 $1,500
* Excludes $617 million of cash on hand as of January 23, 2004
23
24. Liquidity
Dollars in Millions
Avail-
Company Facility Drawn able Cash* Liquidity*
Xcel Hold Co. $ 400 $ 19 $ 381 $415 $ 796
NSPM 275 74 201 65 266
PSCo 350 1 349 105 454
SPS 100 26 74 32 106
Total $1,125 $120 $1,005 $617 $1,622
* Reflects balances as of January 23, 2004
Northern States Power — Minnesota (NSPM)
Public Service of Colorado (PSCo)
Southwestern Public Service (SPS) 24
25. Dividend Policy
Dividend policy to be addressed
Issues to be considered
— Cash from operations
— Level of utility capital expenditures
— Dividend payout ratio
— Credit rating implications
Potential dividend payout ratio 60 – 75%
25
26. Xcel Energy Strengths
Growing service area
Operate utility assets well; outstanding generation
Strong environmental record
Low rates
Fair regulation
Forward-looking policy makers
Increasing financial strength
26
28. Xcel Energy Inc.
Northern Northern
Public Cheyenne
Southwestern
States States
Service Light, Fuel
Public Service Subsidiaries
Power Power
Company and Power
Company
Company - Company -
of Colorado Company
Minnesota Wisconsin
Regulated Nonregulated
28
29. 2004 Earnings Drivers and Assumptions
Weather adjusted retail sales growth of 2.2%
for electric and 2.4% for gas
Recovery of $20 million of Colorado capacity cost increases
Short-term wholesale and trading margin down slightly
Operating and maintenance expenses flat
Depreciation expense up about 2%
Interest expense down approximately $15 million
Effective tax rate approximately 31%
Common stock and equivalents of 425 million shares
NRG has no financial impact apart from payments to
creditors
29
30. Regulated Utility Potential Earnings
Dollars in Millions Authorized
Return Net
Equity * on Equity Income
NSPM $1,789 11.47% $205
NSPW 417 11.90 50
PSCo 1,980 10.85 215
SPS 797 11.50 92
Total $4,983 $562
Common Stock and Equivalents: 425 million shares
Utility EPS at Authorized ROE Levels: $1.32
* Equity as of September 30, 2003
Northern States Power — Minnesota (NSPM)
Northern States Power — Wisconsin (NSPW)
Public Service of Colorado (PSCo)
Southwestern Public Service (SPS) 30
31. Retail Electric Rate* Comparison
Central US
*EEI typical bills – Winter 2002
Cents per Kwh
8
5.84 5.85
6
4.42
4
2
0
l
illo City City nver Pau ouis ines ago kee enix
ar e u
o
s o
De /St. St. L s M hic ilwa Ph
m ak sa
A n CM
l t L Ka pls De
Sa M
31
32. Minnesota Metro Emission
Reduction Proposal
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
Approved base ROE at 10.86% — adjusted on sliding scale
32
33. Colorado Resource Plan
1,600 Mw of new generation required by 2013
Growing Colorado load requires more
base-load generation
Resource Plan will explore variety of options
Coal generation reduces price volatility
500 – 750 Mw plant at existing site —
Potential for multiple owners
33