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U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM U-9C-3

QUARTERLY REPORT PURSUANT TO RULE 58 OF
THE PUBLIC UTILITY HOLDING COMPANY ACT OF 1935

For the quarterly period ended March 31, 2003

Xcel Energy Inc.
(Name of Registered Holding Company)

800 Nicollet Mall, Minneapolis, Minnesota 55402
(Address of Principal Executives Offices)

Inquiries concerning this Form U-9C-3
may be directed to either:

David E. Ripka
Vice President and Controller
Xcel Energy Inc.
414 Nicollet Mall
Minneapolis, MN 55401
(612) 330-2958

or

Michael C. Connelly
Deputy General Counsel
Xcel Energy Inc.
800 Nicollet Mall
Minneapolis, MN 55402
(612) 215-4580

 

TABLE OF CONTENTS

Item 1. Organization Chart
Item 2. Issuances and Renewals of Securities and Capital Contributions
Item 3. Associated Transactions
Item 4. Summary of Aggregate Investment
Item 5. Other Investments
Item 6. Financial Statements and Exhibits
SIGNATURE

Table of Contents

XCEL ENERGY INC.
FORM U-9C-3
For the Quarter Ended March 31, 2003

Table of Contents

                 
            Page  
           
 
Item 1.
   Organization Chart     1  
 
Item 2.
   Issuances and Renewals of Securities and Capital Contributions     13  
 
Item 3.
   Associated Transactions     14  
 
Item 4.
   Summary of Aggregate Investment     16  
 
Item 5.
   Other Investments     17  
 
Item 6.
   Financial Statements and Exhibits     18  
 
SIGNATURE
             20  

 

Table of Contents

Item 1. — ORGANIZATION CHART

                                                 
                    Percentage  
Name of   Energy or                   Of Voting   Nature
Reporting   Gas Related   Date of   State of     Securities   Of
Company   Company   Organization   Organization     Held   Business
 
 
 
   
 
Xcel Energy Inc. (Xcel Energy)                                        
  Xcel Energy Retail Holdings Inc. (a)                                        
    XERS Inc.   Energy related   December 4, 2000   DE     100 %   Operates as a retailer of electric power in targeted U.S. markets. XERS functions as an intermediary between energy producers, resellers and end-users.
    *Natural Station Equipment LLC   Energy related   January 1, 1999   DE     100 %   Inactive entity previously engaged in natural gas distribution
    Xcel Energy Cadence Inc. (a)   Energy related   August 28, 1997   CO     100 %   Holds energy-related company
      Cadence Network Inc.   Energy related   September 3, 1997   DE     22.22 %   Energy management and consulting services; also brokering and marketing of energy commodities
    Planergy International Inc. (a)   Energy related   January 2, 1990   TX     100 %   Energy service to commercial and industrial customers
      Planergy Services Inc. (a)   Energy related   July 30, 1987   DE     100 %   Industrial energy audits
        Planergy Services of California Inc.   Energy related   November 6, 1984   CA     100 %   No significant operations
        Planergy Capital Associates Inc.   Energy related   June 19, 1981   CA     100 %   No significant operations
        Planergy Energy Services Corp.   Energy related   July 30, 1987   DE     100 %   No significant operations
        Planergy Services of Houston Inc.   Energy related   July 30, 1987   DE     100 %   No significant operations
        Planergy Services USA Inc.   Energy related   July 30, 1987   DE     100 %   No significant operations
        Planergy Services of Texas Inc.   Energy related   July 30, 1987   DE     100 %   No significant operations
      Planergy Inc. (a)   Energy related   August 19, 1977   TX     100 %   Energy service company
        Planergy Limited   Energy related   May 13, 1997   Canada     100 %   Energy service company
      Xcel Energy Performance Contracting, Inc. (a)   Energy related   August 20, 1993   MN     100 %   Provides energy marketing and performance
                                    contracting services
      Planergy Housing, Inc.   Energy related   June 18, 2001   DE     100 %   Holds public housing contracts
    e prime Energy Marketing Inc.   Energy related   March 3, 1997   CO     100 %   Provides retail gas marketing services
    e prime Florida Inc.   Energy related   October 18, 1999   CO     100 %   Provides retail gas marketing services

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                      Percentage  
Name of   Energy or                   Of Voting   Nature
Reporting   Gas Related   Date of   State of     Securities   Of
Company   Company   Organization   Organization     Held   Business
 
 
 
   
 
  * e prime Georgia Inc.   Energy related   June 10, 1999   GA     100 %   Inactive entity previously provided retail gas marketing services
Xcel Energy Ventures Inc. (a)                                        
  * Ultra Power Technologies   Energy related   October 10, 1997   MN     100 %   Inactive entity previously involved in the testing of underground electric cable.
  Texas-Ohio Pipeline Inc.   Energy related   June 22, 1990   TX     100 %   Owns and operates gas pipeline
Xcel Energy Wholesale Group Inc. (a)                                        
  NRG Energy Inc. (a)   Energy related   May 29, 1992   DE     100 %   Develops, organizes, owns and operates non-regulated energy-related businesses
    James River Cogeneration Co.   Energy related   January 15, 2002   NC     50 %   Owns the James River Station 110 MW facility in Virginia.
    NRG Woodland Operations LLC   Energy related   March 18, 2002   DE     100 %   Operates facility in Woodland, CA.
    NRG Power Marketing Inc.   Energy related   August 18, 1997   DE     100 %   Established to maximize the utilization and return of NRG’s generation assets and to mitigate the risk associated with those assets.
      NRG New Jersey Energy Sales LLC   Energy related   March 22, 2002   DE     100 %   Energy marketer in New Jersey.
    NRG PacGen Inc. (a)   Energy related   October 28, 1997   DE     100 %   Owns interests in cogeneration and competitive power producing projects.
      Pacific Generation Company (a)   Energy related   August 3, 1984   OR     100 %   Domestic holding company acquired by NRG; also a limited partner in Camas Power Boiler Limited Partnership
        Camas Power Boiler Limited Partnership   Energy related   February 6, 1990   OR     100 %   Owns waste-wood fired steam boiler in Camas paper mill in Washington
        Camas Power Boiler Inc.   Energy related   February 6, 1990   OR     100 %   General partner in Camas Boiler Limited Partnership
        ESOCO Crockett Inc.   Energy related   December 9, 1992   OR     100 %   Operates Crockett cogeneration facility in California
        Energy National Inc. (a)   Energy related   September 13, 1984   UT     100 %   Holding company
          Pacific Generation Resources Company   Energy related   November 21, 1991   OR     100 %   Domestic holding company which holds limited partner interest in Long Island Cogeneration
          Pacific Orrington Energy Inc. (a)   Energy related   November 24, 1992   OR     100 %   Holds general and limited partner interests in Orrington Waste LTD, Limited Partnership

2

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                      Percentage  
Name of   Energy or                   Of Voting   Nature
Reporting   Gas Related   Date of   State of     Securities   Of
Company   Company   Organization   Organization     Held   Business
 
 
 
   
 
        Orrington Waste LTD, Limited Partnership   Energy related   January 13, 1993   OR     17 %   Provides waste disposal services to municipalities to be delivered to waste disposal operators in Maine
      ESOCO Inc. (a)   Energy related   February 1, 1989   UT     100 %   Domestic holding company for individual ESOCO O&M companies
        ESOCO Orrington Inc.   Energy related   February 1, 1989   UT     100 %   Operates Penobscot Energy Recovery Company in Maine
    Pacific Crockett Holdings Inc.   Energy related   February 14, 1991   OR     100 %   Domestic holding company for Pacific Crockett Energy Inc.
    ENI Crockett Limited Partnership (a)   Energy related   April 10, 1995   OR     100 %   Limited partner in Crockett Cogeneration, a California Limited Partnership
      Pacific Crockett Energy Inc.   Energy related   February 6, 1997   UT     100 %   General partner in Crockett Cogeneration, a California Limited Partnership
    ONSITE Energy Inc. (a)   Energy related   January 22, 1986   OR     100 %   Domestic holding company of ONSITE Soledad Inc. and ONSITE Marianas Corporation; also indirectly holds general partner interest in Mt. Poso project and limited partner interest in Turner Falls project
      Pacific-Mt. Poso Corporation   Energy related   June 8, 1997   OR     100 %   General partner in Mt. Poso Cogeneration Company, a California Limited Partnership
      Turner Falls Limited Partnership   Energy related           MA     9 %   Owns Turner Falls cogeneration facility in Massachusetts
    Pacific Generation Holdings Co.   Energy related   January 12, 1995   OR     100 %   Domestic holding company for Pacific Generation Funding and Pacific Recycling Inc.
NRG Cadillac Inc. (a)   Energy related   April 15, 1997   DE     100 %   Domestic holding company in Cadillac Renewable Energy LLC
  Cadillac Renewable Energy LLC   Energy related   February 27, 1997   DE     100 %   Owns wood-fired electric generation plant in Mich
O’Brien Cogeneration Inc II   Energy related   December 31, 1985   DE     100 %   Owns and/or operates cogeneration facilities.
NEO Corporation (NEO) (a)   Energy related   May 27, 1993   MN     100 %   Develops, owns and operates landfill gas, hydroelectric and small cogeneration projects in the U.S.
  NM Colton Genco LLC   Energy related   March 18, 2002   DE     50 %   Owns and operates landfill gas fueled electric generating facility on Colton landfill.

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                Percentage  
Name of   Energy or                   Of Voting   Nature
Reporting   Gas Related   Date of   State of     Securities   Of
Company   Company   Organization   Organization     Held   Business
 
 
 
   
 
NM Mid Valley Genco LLC   Energy related   March 18, 2002   DE     50 %   Owns and operates landfill gas fueled electric generating facility on Mid Valley landfill.
NM Milliken Genco LLC   Energy related   March 18, 2002   DE     50 %   Owns and operates landfill gas fueled electric generating facility on Milliken landfill.
NEO Fresh Kills LLC (a)   Energy related   December 20, 2001   DE     100 %   50% owner of Fresh Gas LLC
  Fresh Gas LLC   Energy related   December 20, 2001   DE     50 %   Owner of gas collection system in Fresh Kills, NY
NEO Chester — Gen LLC   Energy related   July 13, 2000   DE     100 %   Owns 3.4 MW cogeneration facility at Crozer Chester Hospital in Chester, Pennsylvania
NEO Freehold — Gen LLC   Energy related   July 13, 2000   DE     100 %   Formed to acquire landfill gas project
NEO Toledo — Gen LLC   Energy related   July 13, 2000   DE     100 %   Owns 1.0 MW cogeneration facility at Riverside Hospital in Toledo, Ohio
NEO Landfill Gas Holdings Inc.   Energy related   April 8, 1996   DE     100 %   Domestic holding company—provides O&M services for landfill gas projects
Four Hills LLC   Energy related   August 19, 1996   DE     50 %   Landfill gas collection system for Nashua project in New Hampshire
NEO Burnsville LLC   Energy related   October 25, 1996   DE     100 %   Landfill gas collection system for Edward Kraemer landfill in Minnesota
NEO Corona LLC   Energy related   January 8, 1997   DE     100 %   Landfill gas collection system for O’Brien project in California
NEO Erie LLC   Energy related   August 17, 1999   DE     100 %   Landfill gas collection system for project in Denver
NEO Ft Smith LLC   Energy related   October 14, 1997   DE     100 %   Landfill gas collection system for project in Arkansas
NEO Hackensack LLC   Energy related   January 6, 1997   DE     100 %   Landfill gas collection system for HMDC/Balefill/Kingsland
NEO Nashville LLC   Energy related   June 20, 1997   DE     100 %   Landfill gas collection system for project in Tenn.
NEO Phoenix LLC   Energy related   January 4, 1996   DE     100 %   Landfill gas collection system for project in Arizona
NEO Prima Deshecha LLC   Energy related   January 16, 1997   DE     100 %   Landfill gas collection system for project in Orange County, California
NEO Riverside LLC   Energy related   December 19, 1996   DE     100 %   Landfill gas collection system for project in California

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                Percentage  
Name of   Energy or                   Of Voting   Nature
Reporting   Gas Related   Date of   State of     Securities   Of
Company   Company   Organization   Organization     Held   Business
 
 
 
   
 
NEO SKB LLC   Energy related   October 14, 1997   DE     100 %   Landfill gas collection system for project in Pennsylvania
NEO Tajiguas LLC   Energy related   December 5, 1995   DE     100 %   Landfill gas collection system for project in Santa Barbara, California
NEO Woodville LLC   Energy related   February 11, 1998   DE     100 %   Landfill gas collection system for project in California
NEO Montauk Genco Management LLC   Energy related   August 21, 2001   DE     100 %   Manager of NEO — Montauk Genco LLC
NEO Montauk Genco LLC   Energy related   August 17, 2001   DE     50 %   Owner of landfill gas fueled power generation
NEO San Bernardino LLC (a)   Energy related   June 26, 1998   DE     100 %   Landfill gas collection system for project in California
  San Bernardino Landfill Gas Limited Partnership   Energy related   September 18, 1997   DE     95 %   Limited partner to landfill gas collection system for project in California
NEO MESI LLC (a)   Energy related   October 12, 1999   DE     100 %   Holding company for project company in the business of producing and selling synthetic fuel from Ken West terminal in Catlettsburg, Boyd County Kentucky on the Big Sandy River
NEO ECO 11 LLC   Energy related   May 9, 2000   DE     100 %   Formed to acquire landfill gas project
Minnesota Methane II LLC (a)   Energy related   April 8, 1997   DE     50 %   Owns and operates original 3 NEO/Ziegler landfill gas projects
  MM Burnsville Energy LLC   Energy related   October 14, 1997   DE     50 %   Landfill gas fueled power generation for Edward Kraemer landfill in Minnesota
  Suncook Energy LLC   Energy related   October 14, 1997   DE     50 %   Landfill gas fueled power generation for Nashua project in New Hampshire
  Landfill Power LLC   Energy related   May 2, 1994   WY     50 %   Owns and operates Flying Cloud landfill gas fueled power generation facility in Minnesota
Minnesota Methane LLC   Energy related   September 21, 1998   WY     50 %   Owns and operates 18 landfill gas projects in the U.S.
MM Albany Energy LLC   Energy related   January 8, 1997   DE     50 %   Landfill gas fueled power generation for project in New York
MM Biogas Power LLC   Energy related   April 8, 1996   DE     50 %   Domestic holding company — owns 100% interest in landfill gas fueled power generation projects not yet financed

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              Percentage  
Name of   Energy or                   Of Voting   Nature
Reporting   Gas Related   Date of   State of     Securities   Of
Company   Company   Organization   Organization     Held   Business
 
 
 
   
 
MM Cuyahoga Energy LLC   Energy related   June 18, 1997   DE     50 %   Landfill gas fueled power generation project in Ohio
MM Erie Power LLC   Energy related   August 17, 1999   DE     50 %   Landfill gas fueled power generation for project in Denver, Colorado
MM Hackensack Energy LLC   Energy related   April 8, 1997   DE     50 %   Landfill gas fueled power generation for HMDC/Balefill/Kingsland O’Brien project in New Jersey
MM Hartford Energy LLC   Energy related   May 16, 1997   DE     50 %   Landfill gas fueled power generation for project in Connecticut
MM Lopez Energy LLC   Energy related   December 13, 1996   DE     50 %   Landfill gas fueled power generation for Lopez Canyon project in Los Angeles, California
MM Lowell Energy LLC   Energy related   January 8, 1997   DE     50 %   Landfill gas fueled power generation for project in Massachusetts
MM Nashville Energy LLC   Energy related   June 20, 1997   DE     50 %   Landfill gas fueled power generation for project in Tennessee
MM Phoenix Energy LLC   Energy related   January 20, 1998   DE     50 %   Landfill gas fueled power generation for project in Arizona
MM Prima Deshecha Energy LLC   Energy related   January 8, 1997   DE     50 %   Landfill gas fueled power generation for project in Orange County, California
MM Prince William Energy LLC   Energy related   June 18, 1997   DE     50 %   Landfill gas fueled power generation for project in Virginia
MM Riverside LLC   Energy related   December 19, 1996   DE     50 %   Landfill gas fueled power generation for project in California
MM San Diego LLC   Energy related   January 8, 1997   DE     50 %   Landfill gas fueled power generation for Miramar project in California
MM SKB Energy LLC   Energy related   June 20, 1997   DE     50 %   Landfill gas fueled power generation for project in Pennsylvania
MM Spokane Energy LLC   Energy related   January 8, 1997   DE     50 %   Landfill gas fueled power generation for project in Washington
MM Tacoma LLC   Energy related   December 19, 1996   DE     50 %   Landfill gas fueled power generation for project in Washington
MM Tajiguas Energy LLC   Energy related   January 20, 1998   DE     50 %   Landfill gas fueled power generation for project in California
MM Taunton Energy LLC   Energy related   January 8, 1997   DE     50 %   Landfill gas fueled power generation for project in Massachusetts

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                Percentage  
Name of   Energy or                   Of Voting   Nature
Reporting   Gas Related   Date of   State of     Securities   Of
Company   Company   Organization   Organization     Held   Business
 
 
 
   
 
MM Tomoka Farms Energy LLC   Energy related   March 11, 1997   DE     50 %   Landfill gas fueled power generation for project in Florida
MM Tri-Cities Energy LLC   Energy related   February 10, 2000   DE     50 %   Landfill gas power generation in Fremont, CA
MM Tulare Energy LLC   Energy related   May 16, 1997   DE     50 %   Landfill gas fueled power generation for Visalia project in California
MM West Covina LLC   Energy related   December 4, 1995   DE     50 %   Landfill gas fueled power generation for BKK project in California
MM Woodville Energy LLC   Energy related   February 11, 1998   DE     50 %   Landfill gas fueled power generation for project in California
MM Yolo Power LLC   Energy related   February 14, 1996   DE     50 %   Landfill gas fueled power generation for Visalia project in California
MMSB Transco Holdings LLC   Energy related   December 30, 1998   DE     50 %   Transport landfill gas for resale
NEO Landfill Gas Inc.   Energy related   April 8, 1996   DE     100 %   Domestic holding company — holds 99% interest in landfill gas collection system projects.
Northbrook Acquisition Corp.   Energy related   December 23, 1994   DE     50 %   Domestic holding company in STS Hydropower
Northbrook Carolina Hydro LLC   Energy related   October 5, 1995   DE     50 %   Owns and operates hydroelectric power plants in North Carolina and South Carolina
Northbrook Energy LLC   Energy related   November 4, 1994   DE     50 %   Develops hydroelectric power projects in the U.S.  
Northbrook New York LLC   Energy related   June 21, 1999   DE     30 %   Holds interest in Northbrook Acquisition Corp
O’Brien Biogas (Mazzaro) Inc   Energy related   February 26, 1990   DE     50 %   Landfill gas collection system for project in Pennsylvania
O’Brien Biogas IV LLC   Energy related   July 8, 1997   DE     50 %   Landfill gas fueled power generation for Edgeboro project in New Jersey
O’Brien Standby Power Energy, Inc   Energy related   December 6, 1988   DE     50 %   Landfill gas fueled power generation for SKB project in Pennsylvania
STS Hydropower LTD (a)   Energy related   August 11, 1987   MI     50 %   Owns and operates hydroelectric projects in California, Colorado, Michigan, Virginia and Wash.
  NEO Albany LLC   Energy related   September 12, 1995   DE     100 %   Landfill gas collection system for project in NY
  NEO Cuyahoga LLC   Energy related   October 31, 1996   DE     100 %   Landfill gas collection system for project in Ohio

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                  Percentage  
Name of   Energy or                   Of Voting   Nature
Reporting   Gas Related   Date of   State of     Securities   Of
Company   Company   Organization   Organization     Held   Business
 
 
 
   
 
    NEO Edgeboro LLC   Energy related   January 6, 1997   DE     100 %   Landfill gas collection system for O’Brien project in New Jersey
    NEO Fitchburg LLC   Energy related   January 16, 1997   DE     100 %   Landfill gas collection system for project in Massachusetts
    NEO Hartford LLC   Energy related   October 13, 1995   DE     100 %   Landfill gas collection system for project in Connecticut
    NEO Lopez Canyon LLC   Energy related   January 4, 1996   DE     100 %   Landfill gas collection system for project in California
    NEO Lowell LLC   Energy related   January 16, 1997   DE     100 %   Landfill gas collection system for project in Massachusetts
    NEO Prince William LLC   Energy related   October 30, 1996   DE     100 %   Landfill gas collection system for project in Virginia
    NEO San Diego LLC   Energy related   October 12, 1995   DE     100 %   Landfill gas collection system for Miramar project in California
    NEO Spokane LLC   Energy related   November 22, 1995   DE     100 %   Landfill gas collection system for project in Washington
    NEO Tacoma LLC   Energy related   December 5, 1995   DE     100 %   Landfill gas collection system for project in Washington
    NEO Taunton LLC   Energy related   January 16, 1997   DE     100 %   Landfill gas collection system for project in Massachusetts
    NEO Tomoka Farms LLC   Energy related   December 5, 1995   DE     100 %   Landfill gas collection system of Volusia project in Florida
    NEO Tulare LLC   Energy related   December 5, 1995   DE     100 %   Landfill gas collection system for Visalia project in California
    NEO West Covina LLC   Energy related   July 16, 1997   DE     100 %   Landfill gas collection system for BKK project in California
    NEO Yolo LLC   Energy related   December 23, 1996   DE     100 %   Landfill gas collection system for project in California
NRG Thermal LLC (a)   Energy related   October 25, 1999   DE     100 %   Provides district heating and cooling systems in several cities in the U.S.
  NRG Energy Center Smyrna LLC   Energy related   December 20, 2001   DE     100 %   Operator of 45 MW plant located in Smyrna, Delaware.

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                    Percentage    
Name of   Energy or                   Of Voting     Nature
Reporting   Gas Related   Date of   State of     Securities     Of
Company   Company   Organization   Organization     Held     Business
 
 
 
   
   
    NRG Energy Center Minneapolis LLC   Energy related   October 27, 1999   DE     100 %   Owns and operates the district heating and cooling system serving customers in the downtown Minneapolis area
    NRG Energy Center San Diego LLC   Energy related   October 27, 1999   DE     100 %   Formed to own and operate San Diego Power & Cooling, a chilled water plant serving customers in downtown San Diego area
    NRG Energy Center Rock Tenn LLC   Energy related   October 27, 1999   DE     100 %   Owns assets in connection with the sale of steam to Rock-Tenn Corporation in St. Paul
    NRG Energy Center Grand Forks LLC   Energy related   October 27, 1999   DE     100 %   Owns assets in connection with a contract to provide steam at the Grand Forks Air Force Base
    NRG Energy Center Paxton Inc.   Energy related   April 25, 2000   DE     100 %   Formed to own interest in cogeneration facility and sell steam to NRG Energy Center Harrisburg Inc.
    NRG Energy Center Washco LLC   Energy related   October 27, 1999   DE     100 %   Owns assets in connection with the sale of steam to Anderson Corporation and the State of Minnesota Correctional Facility
    NRG Energy Center Dover LLC   Energy related   July 12, 2000   DE     100 %   Own 18 MW cogeneration facility and 80 MW expansion project in Dover, Delaware
    NRG Thermal Services LLC   Energy related   July 5, 2000   DE     100 %   This entity formed to hold the chiller plant assets and diesel services business for NRG Energy Center Harrisburg Inc.
    NRG Energy Center Pittsburgh LLC   Energy related   October 27, 1999   DE     100 %   Formed to own and operate the Pittsburgh Thermal district heating and cooling plant which currently serves approx 25 customers in the Pittsburgh area.
    NRG Energy Center San Francisco LLC   Energy related   July 30, 1991   DE     48.09 %   Provides district heating and cooling services in California
  NRG Capital LLC (a)   Energy related   April 9, 2001   DE     100 %   Sole member of construction revolver borrower Borrower under proposed construction revolver
      NRG Turbines LLC   Energy related   August 15, 2001   DE     100 %   Owner for financing purposes of certain turbines prior to their assignment to project companies
Utility Engineering Corporation (UE) (a)   Energy related   August 14, 1985   TX     100 %   Holds energy-related companies and is engaged in engineering, design and construction management, and invests in developing cogeneration and energy-related projects

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                      Percentage  
Name of   Energy or                   Of Voting   Nature
Reporting   Gas Related   Date of   State of     Securities   Of
Company   Company   Organization   Organization     Held   Business
 
 
 
   
 
      Quixx Corporation (a)   Energy related   August 14, 1985   TX     100 %   Invests in developing cogeneration and energy-related projects
        Quixxlin Corporation (a)   Energy related   July 16, 1997   DE     100 %   Owns .5% general partnership interest in Quixx Linden
        Quixx Linden (GP)   Energy related   June 25, 1996   TX     0.50 %   Owns and operates gas-fired cogeneration facility
        Quixx Linden (LP)   Energy related   June 25, 1996   TX     49.5 %   Owns and operates gas-fired cogeneration facility
Xcel Energy Markets Holdings Inc. (a)                                   Holding company for subsidiaries providing energy marketing services
    e prime Inc. (a)   Energy related   January 30,1995   CO     100 %   Holds energy-related companies and engages in energy marketing, trading and providing energy services
      Young Gas Storage Company (a)   Energy related   July 6, 1993   DE     100 %   Hold energy-related company
        Young Gas Storage Company Ltd.   Energy related   June 30, 1993   CO     47.5 %   Owns & operates underground gas storage facilities
      Johnstown Cogeneration Company LLC   Energy related   February 8, 1996   CO     50 %   Operates cogeneration facility
      Viking Gas Transmission (b)   Gas related   February 2, 1988   DE     100 %   Natural gas transmission
NSP-Minnesota (a)                                        
    NSP Nuclear Corporation (a)   Energy related   November 19, 1999   MN     100 %   Owns 20% interest in Nuclear Management Co.
      Nuclear Management Company LLC   Energy related   February 26, 1999   WI     20 %   Nuclear operating company that manages several nuclear plants for 5 different utilities.
    Private Fuel Storage LLC   Energy related   September 6, 1995   DE     9.9 %   Storage facility of spent nuclear fuel in Utah

(a)   Directly and/or indirectly holds securities in energy/gas related companies.
 
(b)   Entity was sold on January 17, 2003
 
#   - new entity
 
*   - inactive entity
 
LP:   Limited Partner, GP: General Partner.

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Narrative Description of Activities for Reporting Period

XERS Inc. — XERS, a nonregulated subsidiary of Xcel Energy, operates as a retailer of electric power in targeted U.S. markets. XERS functions as an intermediary between energy producers, resellers and end-users and is exposed to the business risks involved with these operations. Therefore, XERS enters into fixed or full requirements contracts ranging from one month to several years.

Cadence Network Inc. — Cadence Network Inc. provides a single source for both energy management services and products designed to lower energy costs for national companies that operate at multiple locations.

Planergy International Inc. and subsidiaries — Planergy International Inc. consists of operating subsidiaries providing energy management, consulting and demand side management services to industrial, commercial, utility and municipal customers.

e prime Energy Marketing Inc. — e prime Energy Marketing Inc. provides energy related products and services, which include natural gas marketing and trading.

e prime Florida Inc. — e prime Florida Inc. provides energy related products and services.

Texas-Ohio Pipeline Inc. — Small pipeline company that connects two major interstate pipelines.

James River Cogeneration Co. — Owns the James River Station 110 MW facility in Virginia.

NRG Woodland Operations LLC — Operates a facility in Woodland, CA.

NRG Power Marketing Inc. — Established to maximize the utilization and return of NRG’s generation assets and to mitigate the risk associated with those assets. NRG Power Marketing purchases and markets energy and energy related commodities including electricity, natural gas, oil, coal and emission allowances.

NRG PacGen Inc. — Owns interests in cogeneration and competitive power producing projects.

NRG Cadillac Inc. — Owns 50 percent of Cadillac Renewable Energy LLC, which owns a 38 MW wood fired plant located in Cadillac, Michigan.

O’Brien Cogeneration Inc. II — Owns and/or operates cogeneration facilities.

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Narrative Description of Activities for Reporting Period (continued)

NEO Corporation — Develops, owns and operates landfill gas, hydroelectric and small cogeneration projects in the U.S.

NRG Thermal Corporation — Provides district heating and cooling systems in several cities in the U.S.

NRG Capital LLC — Sole member of construction revolver borrower.

Utility Engineering Corporation — Utility Engineering Corporation is engaged in engineering, design, construction management and other miscellaneous services. On January 1, 2000, UE acquired Quixx Corporation (“Quixx”) and its subsidiaries from NC Enterprises. Quixx’s primary business is investing in and developing cogeneration and energy-related projects. Quixx also holds water rights and certain other non-utility assets. Quixx currently has several subsidiaries, most of which hold interests in various energy-related investments.

Quixx Linden LP — Quixx Linden LP owns a 23 Mw natural gas fired cogeneration facility in Linden, New Jersey. Quixxlin Corporation, a wholly-owned subsidiary of Quixx, holds a 0.5% general partnership interest in this partnership. Quixx also directly holds a 49.5% limited partnership interest in Quixx Linden, L.P.

e prime Inc. (“e prime”) — e prime provides energy related products and services (directly and through its subsidiaries) which include, but are not limited to, energy marketing and trading and energy consulting. Also, e prime owns Young Gas Storage Company, which has a 47.5% interest in Young Gas Storage Company Ltd.

Johnstown Cogeneration Company LLC (“Johnstown”) — Johnstown is an electric cogeneration facility which e prime owns a 50% general partnership interest.

Nuclear Management Company — Nuclear operating company that manages several nuclear plants for 5 different utilities.

Private Fuel Storage LLC — Storage facility of spent nuclear fuel in Utah.

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Item 2. — ISSUANCES AND RENEWALS OF SECURITIES AND CAPITAL CONTRIBUTION

ISSUANCES AND RENEWALS OF SECURITIES (in thousands of dollars):

                                                         
Company   Type of   Principal     Issue   Cost     Person to   Collateral     Consideration  
issuing   security   amount     or   of     whom security   given with     received for  
security   issued   of security     renewal   capital     was issued   security     each security  
 
 
   
 
   
 
   
 
e prime Energy Marketing
   ST Debt   $ 1,033     Renewal     2.76 %   Xcel Energy Retail   None   $ 1,033  
Xcel Energy Retail
   ST Debt     923     Renewal     2.76 %   Cadence Network Inc   None     923  
Xcel Energy Retail
   ST Debt     10     Issue     2.76 %   Cadence Network Inc   None     10  
Xcel Energy Retail
   ST Debt     15,447     Renewal     2.76 %   Planergy International Inc   None     15,447  
Xcel Energy Retail
   ST Debt     5,455     Issue     2.76 %   Planergy International Inc   None     5,455  
XERS Inc.
   ST Debt     1,642     Renewal     2.76 %   Xcel Energy Retail   None     1,642  
XERS Inc.
   ST Debt     8,662     Issue     2.76 %   Xcel Energy Retail   None     8,662  
Quixx Corporation
   ST Debt     47,360     Renewal     2.76 %   Utility Engineering Corp   None     47,360  
Utility Engineering Corp.
   ST Debt     413     Renewal     2.76 %   Applied Power Associates   None     413  
Utility Engineering Corp.
   ST Debt     2,150     Renewal     2.76 %   Proto-Power Corporation   None     2,150  
Utility Engineering Corp.
   ST Debt     800     Renewal     2.76 %   Universal Utility Services   None     800  
Utility Engineering Corp.
   ST Debt     675     Renewal     2.76 %   Precision Resource Co   None     675  
Utility Engineering Corp.
   ST Debt     56,300     Renewal     2.76 %   Xcel Energy Wholesale Inc   None     56,300  
Xcel Energy Markets Inc.
   ST Debt     17,170     Renewal     2.76 %   e prime, Inc   None     17,170  
Xcel Energy Markets Inc.
   ST Debt     2,256     Issue     2.76 %   e prime, Inc   None     2,256  
Texas-Ohio Pipeline Inc.
   ST Debt     110     Renewal     2.76 %   Xcel Energy Ventures Inc   None     110  

     CAPITAL CONTRIBUTIONS (in thousands of dollars):

             
Company   Company   Amount of  
Contributing   Receiving   Capital  
Capital   Capital   Contribution  
 
 
 
NSP Nuclear Corporation   Nuclear Management Company   $ 386  
NSP — Minnesota   Private Fuel Storage     2,083  

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Item 3. — ASSOCIATED TRANSACTIONS

     Part I. — Transactions performed by reporting companies on behalf of associate companies (in thousands of dollars).

                                                 
Reporting Company   Associate Company           Direct     Indirect     Cost     Total  
Rendering   Receiving           Costs     Costs     of     Amount  
Services   Services   Types of Services Rendered   Charged     Charged     Capital     Billed  
 
 
 
   
   
   
 
Utility Engineering Corp.
   Public Service Company of Colorado   Engineering/Utility Professional Services   $ 4,547       —       —     $ 4,547  
Utility Engineering Corp.
   Southwestern Public Service Company   Engineering/Utility Professional Services     3,055       —       —       3,055  
Utility Engineering Corp.
   Xcel Energy Services Inc   Engineering/Utility Professional Services     338       —       —       338  
Utility Engineering Corp.
   NSP-Minnesota   Engineering/Utility Professional Services     1,207       —       —       1,207  
Utility Engineering Corp.
   Xcel International   Engineering/Utility Professional Services     57       —       —       57  
Utility Engineering Corp.
   NRG Energy Inc   Engineering/Utility Professional Services     60       —       —       60  
e prime Inc.
   Southwestern Public Service Company   Gas purchased     305       —       —       305  
e prime Inc.
   Utility Engineering   Gas purchased     555       —       —       555  
Viking Gas Transmission Co.
   NSP — Minnesota   Gas transportation services     19       —       —       19  

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     Part II. — Transactions performed by associate companies on behalf of reporting companies (in thousands of dollars).

                                                 
Reporting   Associate                                        
Company   Company   Types of                   Cost     Total  
Receiving   Rendering   Services   Direct     Indirect     of     Amount  
Services   Services   Rendered   Costs Charged     Costs Charged     Capital     Billed  
 
 
 
   
   
   
 
Cadence Network Inc.
   Xcel Energy Services Inc.   Administrative support; management services   $ 2     $ —     $ —     $ 2  
Planergy International Inc.
   Xcel Energy Services Inc.   Administrative support; management services     48       51       14       113  
Quixx Linden LP
   Quixx Power Services   Power plant operating management fee and     350       —       —       350  
 
           expenses                                
Quixx Linden LP
   Quixx Corporation   Partnership management fee     25       —       —       25  
Utility Engineering Corporation
   Xcel Energy Services Inc.   Administrative support; management services     390       365       5       760  
e prime Inc.
   Xcel Energy Services Inc.   Administrative support; management services     398       79       5       482  
e prime Inc.
   Public Service Company   Gas transportation services     49       —       —       49  
 
   of Colorado                                        
e prime Inc.
   Public Service Company   Compressor — Usage     23       —       —       23  
 
   of Colorado                                        
NRG Energy Inc.
   Xcel Energy Services Inc.   Administrative support; management services     756       1,023       57       1,836  
XERS Inc.
   Xcel Energy Services Inc.   Administrative support; management services     670       15       1       686  
Energy Masters International
   Xcel Energy Services Inc.   Administrative support; management services     13       1       —       14  
e prime Energy Marketing Inc.
   Xcel Energy Services Inc.   Administrative support; management services     26       1       —       27  
Viking Gas Transmission Co.
   Xcel Energy Services Inc.   Administrative support; management services     103       —       —       103  

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Item 4. — SUMMARY OF AGGREGATE INVESTMENT

                               
Investments in energy-related companies:
  (in thousands)                
 
Total consolidated capitalization as of March 31, 2003
   $ 20,998,642             Line 1
 
Total capitalization multiplied by 15%
               
 
(Line 1 multiplied by 0.15)
     3,149,796             Line 2
 
Greater of $50 million or line 2
           $ 3,149,796     Line 3
 
Total current aggregate investment:
                        
 
(categorized by major line of energy-related business)
                     
 
Energy management services (Category I)
     90,585                  
   
Compressed natural gas services (Category III)
     101                  
   
Brokering/Marketing services (Category V)
     278,737                  
   
Utility engineering/construction services (Category VII)
     171,832                  
   
Developing/Ownership QF’s (Category VIII)*
     2,444,551                  
   
 
                 
     
Total current aggregate investment
             2,985,806     Line 4
     
         
   
 
Difference between the greater of $50 million or 15% of capitalization and the total aggregate investment of the registered holding company system
           $ 163,990     Line 5
     
         
   
 
(line 3 less line 4)
                        
Investments in gas-related companies:
                        
NONE
                        

*Includes $2,232.6 million of aggregated investment by Xcel Energy in NRG Energy

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Item 5. — OTHER INVESTMENTS (in thousands)

                         
Major Line   Other     Other          
of Energy-Related   Investment in Last     Investment in This     Reason for Difference in  
Business (a)   U-9C-3 Report     U-9C-3 Report     Other Investment  
 
   
   
 
Brokering/Marketing services
   $ 27,199     $ 27,199       N/A  
Engineering and related services
   $ 11,463     $ 11,463       N/A  
Developing/Ownership QF’s
   $ 85,713     $ 85,713       N/A  

(a)  Investments for these reporting companies, prior to March 23, 1997, were excluded from aggregate investments in Items 4. These reporting companies’ investments were subsidiaries, directly or indirectly, of Xcel Energy Inc.

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Item 6. — FINANCIAL STATEMENTS AND EXHIBITS

A.   Financial Statements:
 
    Exhibit A-1 Financial statements of XERS, Inc. for the three months ended March 31, 2003 — filed under confidential treatment pursuant to Rule 104(b).
 
    Exhibit A-2 Financial statements of Cadence Network Inc. for the three months ended March 31, 2003 — filed under confidential treatment pursuant to Rule 104(b).
 
    Exhibit A-3 Consolidated financial statements of Planergy International Inc. and subsidiaries for the three months ended March 31, 2003 — filed under confidential treatment pursuant to Rule 104(b).
 
    Exhibit A-4 Financial statements of e prime Energy Marketing Inc. for the three months ended March 31, 2003 — filed under confidential treatment pursuant to Rule 104(b).
 
    Exhibit A-5 Financial statements of e prime Florida Inc. for the three months ended March 31, 2003 — filed under confidential treatment pursuant to Rule 104(b).
 
    Exhibit A-6 Financial statements of Texas-Ohio Pipeline Inc. for the three months ended March 31, 2003 — filed under confidential treatment pursuant to Rule 104(b).
 
    Exhibit A-7 Consolidated financial statements of James River Cogeneration Co. and subsidiaries for the three months ended March 31, 2003 — filed under confidential treatment pursuant to Rule 104(b).
 
    Exhibit A-8 Financial statements of NRG Woodland Operations LLC for the three months ended March 31, 2003 — filed under confidential treatment pursuant to Rule 104(b).
 
    Exhibit A-9 Consolidated financial statements of NRG Power Marketing Inc. and subsidiaries for the three months ended March 31, 2003 — filed under confidential treatment pursuant to Rule 104(b).
 
    Exhibit A-10 Consolidated financial statements of NRG PacGen Inc. and subsidiaries for the three months ended March 31, 2003 — filed under confidential treatment pursuant to Rule 104(b).
 
    Exhibit A-11 Consolidated financial statements of NRG Cadillac Inc. and subsidiaries for the three months ended March 31, 2003 — filed under confidential treatment pursuant to Rule 104(b).
 
    Exhibit A-12 Consolidated financial statements of O’Brien Cogeneration Inc. II and subsidiaries for the three months ended March 31, 2003 — filed under confidential treatment pursuant to Rule 104(b).
 
    Exhibit A-13 Consolidated financial statements of NEO Corporation and subsidiaries for the three months ended March 31, 2003 — filed under confidential treatment pursuant to Rule 104(b).
 
    Exhibit A-14 Consolidated financial statements of NRG Thermal Corporation and subsidiaries for the three months ended March 31, 2003 — filed under confidential treatment pursuant to Rule 104(b).

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Item 6. — FINANCIAL STATEMENTS AND EXHIBITS (continued)

    Exhibit A-15 Consolidated financial statements of NRG Capital LLC and subsidiaries for the three months ended March 31, 2003 — filed under confidential treatment pursuant to Rule 104(b).
 
    Exhibit A-16 Confidential financial statements of Utility Engineering Corporation and subsidiaries for the three months ended March 31, 2003 — filed under confidential treatment pursuant to Rule 104(b).
 
    Exhibit A-17 Financial statements of Quixx Linden, LP for the three months ended March 31, 2003 — filed under confidential treatment pursuant to Rule 104(b).
 
    Exhibit A-18 Consolidated financial statements of e prime Inc. and subsidiaries for the three months ended March 31, 2003 — filed under confidential treatment pursuant to Rule 104(b).
 
    Exhibit A-19 Financial statements of Johnstown Cogeneration Company LLC for the three months ended March 31, 2003 — filed under confidential treatment pursuant to Rule 104(b).
 
    Exhibit A-20 Financial statements of Viking Gas Transmission Company for the three months ended March 31, 2003 — filed under confidential treatment pursuant to Rule 104(b).

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SIGNATURE

     The undersigned registered holding company has duly caused this quarterly report to be signed on its behalf by the undersigned officer thereunto duly authorized pursuant to the requirements of the Public Utility Holding Company Act of 1935.

  Xcel Energy Inc.

  /s/ DAVID E. RIPKA
David E. Ripka
Vice President and Controller

May 30, 2003

With the above signature, I also certify that the corresponding report on Form U-9C-3 for the first quarter of 2003 was filed with Xcel Energy Inc.’s interested state commissions whose names and addresses are listed below.

     
Public Utilities Commission of the State of Colorado   South Dakota Public Utilities Commission
1580 Logan Street   500 E. Capitol Ave.
Denver, CO 80203   Pierre, SD 57501
     
Public Service Commission of Wyoming   Public Service Commission of Wisconsin
Hansen Building, Suite 300   610 North Whitney Way
2515 Warren Avenue   Madison, WI 53707
Cheyenne, WY 82002    
     
Public Utility Commission of Texas   Michigan Public Service Commission
1701 N. Congress Avenue   6545 Mercantile Way, Suite 7
Austin, Texas 78711   Lansing, MI 48911
     
New Mexico Public Regulation Commission   Arizona Corporation Commission
224 E. Palace Avenue   1200 West Washington
Santa Fe, NM 87503   Phoenix, AZ 85007
     
Kansas Corporation Commission    
1500 SW Arrowhead Road    
Topeka, KS 66604    
     
Oklahoma Corporation Commission    
2101 N. Lincoln Blvd., Suite 130    
Oklahoma City, OK 73105    
     
Minnesota Public Utilities Commission    
121 E. 7th Place, Suite 350    
St. Paul, MN 55101    
     
North Dakota Public Service Commission    
600 East Blvd    
Bismarck, ND 58505    

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