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New Century, Northern States Will Be Xcel Energy

New Century, Northern States Will Be Xcel Energy

Xcel Energy Inc. will be the name of the holding company created by the merger of Denver-based New Century Energies and Northern States Power Co. of Minneapolis.

James Howard, who currently is chairman and CEO of Northern States Power and who will be the chairman of the combined company, said, "Xcel Energy is a broad umbrella name that we believe sets the tone for the kind of company we want to be." New Century Energies President Wayne Brunetti, who will become the CEO of Xcel Energy at the completion of the merger, said the new name was selected to build a strong brand position for the future.

NSP and NCE announced in late March their plans to merge, expecting the transaction to be complete in 12 to 18 months from that time.

Northern States Power provides electricity to about 1.5 million customers in portions of Minnesota, Wisconsin, North Dakota, Michigan and South Dakota. It distributes natural gas to more than 475,000 customers in Minnesota, Wisconsin, North Dakota, Michigan and Arizona. New Century Energies serves about 1.6 million electricity customers and more than a million natural gas customers in Colorado, Texas, New Mexico, Wyoming, Kansas and Oklahoma.

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