EX-99.H 5 c78310exv99wh.htm EX-H CAPITALIZATION TABLE exv99wh
 

EXHIBIT H

Pro Forma Capitalization of Xcel Energy Inc.
as of March 31, 2003 (in 000’s)

                                                                 
                                            As adjusted for deconsolidation of
                    As adjusted for events   NRG and issuance of $500 million of
    March 31, 2003*   in second quarter 20031   long-term debt2
   
 
 
                    NOTES                   NOTES                
                   
                 
               
Current Portion of Long Term Debt
   $ 7,590,417       36.1 %     5     $ 595,839       5.3 %           $ 595,839       5.1 %
Short Term Debt
     1,437,721       6.8 %     3,5       436,762       3.9 %             436,762       3.7 %
Long-Term Debt
     6,606,704       31.4 %     1,2,3,4       5,122,998       45.8 %     6       5,622,998       48.1 %
 
    
     
             
     
             
     
 
Total Debt
   $ 15,634,842       74.3 %           $ 6,155,599       55.0 %           $ 6,655,599       57.0 %
 
TOPRS
   $ 494,000       2.3 %     1     $ 300,000       2.7 %           $ 300,000       2.6 %
Preferred Stock
     105,320       0.5 %             105,320       0.9 %             105,320       0.9 %
 
    
     
             
     
             
     
 
Total Preferred Equity
   $ 599,320       2.8 %           $ 405,320       3.6 %           $ 405,320       3.5 %
 
Common Stock
   $ 4,766,814       22.7 %     5       4,616,231       41.3 %           $ 4,616,231       39.5 %
Minority Interest
     35,615       0.2 %             5,800       0.1 %             5,800       0.0 %
 
    
     
             
     
             
     
 
Total Common Equity
   $ 4,802,429       22.8 %           $ 4,622,031       41.3 %           $ 4,622,031       39.6 %
 
TOTAL CAPITALIZATION
   $ 21,036,591       100.0 %           $ 11,182,950       100.0 %           $ 11,682,950       100.0 %
 
    
     
             
     
             
     
 

*   Common stock equity includes par value, capital in excess of par value, retained earnings, accumulated other comprehensive income and minority interest. NRG liabilities reclassified as held for sale (formerly classified as debt and minority interest) have been excluded from this calculation.
 
1.   In June 2003, PSCo retried $394.84 million of long-term debt, retired $194 million of TOPrS and borrowed $300 million under a short-term debt facility.
 
2.   NSP-MN retired $100.75 million of long-term debt in April and May of 2003.
 
3.   In June 2003, Xcel Energy issued $195 million of long-term debt and repaid $270 million on its 5-year revolving credit facility.
 
4.   Reflects deconsolidation of NRG reducing debt by approximately $9,208,653,000, of which $6,994,578,000 is current portion and $1,030,959,000 is short-term debt. (NOTE: This does not reflect any accounting adjustments for the tentative settlement agreement with NRG creditors.)
 
5.   Reflects accrual of two quarters of common dividends and one quarter of preferred dividends during the second quarter of 2003.
 
6.   Reflects the issuance by Xcel Energy of $500 million of long-term debt pursuant to the authorization requested in this Application.

H-1