8-KOther Events

XCEL ENERGY INC 8-K Report (Feb 25, 2002)

Filed February 25, 2002For Securities:XELXELLL

Summary

This Form 8-K filed by Xcel Energy Inc. on February 25, 2002, primarily serves to announce the filing of their audited financial statements for the year ended December 31, 2001. These statements, along with the Management's Discussion and Analysis (MD&A), are included as Exhibit 99.01. Investors can review these documents for a comprehensive understanding of the company's financial performance and position during 2001. The filing also includes consents from their independent accountants, Arthur Andersen LLP and PricewaterhouseCoopers LLP. Investors should note the presence of forward-looking statements within the filing, which are subject to various risks and uncertainties. The company explicitly cautions that actual results may differ materially due to factors such as general economic conditions, energy industry dynamics, regulatory changes, and specific risks related to the California power market and its non-regulated businesses. A thorough review of the MD&A and the full financial statements is recommended for a detailed assessment of these potential impacts.

Key Highlights

  • 1Xcel Energy Inc. filed its audited financial statements for the fiscal year ended December 31, 2001.
  • 2The filing includes the Management's Discussion and Analysis (MD&A) section of the 2001 Annual Report.
  • 3Audited Consolidated Statements of Income, Balance Sheets, Cash Flows, Stockholders' Equity, and Capitalization are available.
  • 4Consents from independent accountants, Arthur Andersen LLP and PricewaterhouseCoopers LLP, are included.
  • 5The report contains forward-looking statements that highlight potential risks and uncertainties.
  • 6Key risk factors mentioned include general economic conditions, energy industry business conditions, and regulatory changes.
  • 7Specific risks related to the California power market and the company's non-regulated businesses are identified.

Frequently Asked Questions

The primary purpose of this 8-K filing is to make publicly available Xcel Energy Inc.'s audited financial statements for the year ended December 31, 2001, and the accompanying Management's Discussion and Analysis (MD&A). This is a standard regulatory requirement to provide investors with official audited financial results.

The detailed financial performance for 2001 can be found in Exhibit 99.01, which includes the audited Consolidated Statements of Income, Balance Sheets, Cash Flows, Stockholders' Equity, and Capitalization, along with the Management's Discussion and Analysis (MD&A) and notes to the financial statements.

The filing mentions several risks, including general economic conditions, business conditions in the energy industry, competitive factors, unusual weather, changes in federal or state legislation and regulation, risks associated with the California power market, currency translation adjustments, and the higher risk profile of Xcel Energy's non-regulated businesses compared to its regulated operations.

Yes, the financial statements for the year ended December 31, 2001, included in this filing are audited. The report includes consents from the independent accountants, Arthur Andersen LLP and PricewaterhouseCoopers LLP, confirming their audit work.