December 18, 2014 5:04 PM ET

Electric Utilities

Company Overview of Northern States Power Company

Company Overview

Northern States Power Company, together with its subsidiaries, is engaged in the regulated generation, purchase, transmission, distribution, and sale of electricity in Minnesota, North Dakota, and South Dakota. It operates in Regulated Electric Utility and Regulated Natural Gas Utility segments. The company generates electricity from various sources, such as coal, nuclear fuel, natural gas, wind, hydro, biomass, and solar. It also purchases, transports, distributes, and sells natural gas to retail customers, as well as transports customer-owned natural gas in Minnesota and North Dakota. The company, through its subsidiary, United Power and Land Company, also holds real estate. It provides el...

414 Nicollet Mall

Minneapolis, MN 55401

United States

Founded in 2000

3,775 Employees

Phone:

612-330-5500

Key Executives for Northern States Power Company

Chief Executive Officer
Age: 59
Chief Financial Officer
Age: 58
Principal Accounting Officer
Age: 42
Chief Administrative Officer and Senior Vice President
Vice President
Age: 67
Compensation as of Fiscal Year 2014.

Northern States Power Company Key Developments

Northern States Power Company Announces Executive Changes, Effective from Jan. 1

Xcel Energy named Christopher Clark to a top leadership position in the company’s Upper Midwest region. Clark will become president of Northern States Power Co. on Jan. 1, upon the retirement of David Sparby. Clark currently is regional vice president of rates and regulatory affairs, overseeing rate and resource planning filings made with state regulatory commissions in Minnesota, North Dakota and South Dakota. He has held increasingly responsible roles during his 15-year tenure with the company, beginning as legal counsel in 1999. Prior to joining Xcel Energy, Clark was a regulatory attorney at Alliant Energy. Clark will report to McDaniel.

Northern States Power Company Announces Executive and Management Changes, Effective December 31, 2014

On Nov. 21, 2014, David M. Sparby, Senior Vice President and Group President, Revenue and President and Chief Executive Officer of Northern States Power, announced his intention to retire effective Dec. 31, 2014, completing over 30 years of distinguished service to Xcel Energy. Marvin McDaniel, who currently serves as Senior Vice President and Chief Administrative Officer will assume Mr. Sparby's Group President responsibilities upon his retirement. Xcel Energy expects to name a new Minnesota President by the end of the year. McDaniel, a 27-year employee of Xcel Energy and its predecessor company New Century Energies, has held a variety of leadership positions in the financial operations, information technology, human resources, and rates and regulatory areas of the company. McDaniel will assume the additional responsibilities on Jan. 1, 2015.

Northern States Power Company Reports Unaudited Earnings Results for the First Quarter Ended March 31, 2014

Northern States Power Company reported unaudited earnings results for the first quarter ended March 31, 2014. For the quarter, diluted earnings per share were $0.21 against $0.21 a year ago. Weather-adjusted retail electric sales increased 1.2%, led by C&I sales growth of 1.5% and modest residential sales improvement.

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