Northern States Power :: essays research papers fc

A leader in today's economic world, Northern States Power (NSP) is recognized for its outstanding performance in both regulated and nonregulated operations. Its regulated operation serves over two million electric and gas customers in Minnesota, Wisconsin, North Dakota, South Dakota, Arizona, and Michigan (NSP - Investor's Overview 1). Its head offices are located in Minneapolis, Minnesota, and the Chairman, President and Chief Executive Officer (CEO) is Mr. James J. Howard III (Howard 1). Its Viking Gas Transmission Company Subsidiary owns and operates a 500-mile natural gas pipeline (NSP - Investor's Overview 1). Northern States Power is one of the nation's leading energy companies with competitive rates, responsive service, and dependable and reliable energy. A relationship with NSP began's when they sign up for services with them; moreover, when you choose to live in a certain area. Some of the facts about NSP are services/people, profit, rates, and sources of power, standings, first aid/safety, Y2K, merger, and about how they help within the community. In North Dakota, NSP provides service to more than 80,000 electric customers and 30,000 gas customers in Fargo, Grand Forks, Minot, and many surrounding communities (NSP - Northern Dakota 1). They have served in these communities for over 80 years (Northern States Power Energy Wise 2). "By powering the world, NSP brings energy to (Howard 6):" ? The international markets where we do business ? The communities close to home where we contribute time and money ? To customers, who have ever-increasing energy needs and choices ? To employees, who make the energy work ? And finally, to you—the shareholders—who have placed trust in them The 24th straight year in a row to mark growth for NSP was 1998. Northern States Power's common stocks are traded on three different exchanges: New York Stock, Chicago Stock, and Pacific Stock. Its ticker tape symbol is NSP. Newspaper stock tables list NSP Company as NoStPw, NoStPwr, or NSPw (NSP - Investor's Overview's 2). Northern States Power and its subsidiaries reported earning of $52.3 million or 34 cents a share, for the first quarter of 1999. Operating revenue for the quarter was up 6 percent to $743.2 million. Warmer weather, increased maintenance, and Y2K computer work is the cause of the decreased earning (NSP First-quarter). "Advantages to being a registered shareholder are (NSP - Investor's overview 2):" ? Dividend checks are sent directly to you, deposited in the back account you designate, or maybe reinvested in the company as you choose ? You may purchase additional stock (through dividend reinvestment and optional investment plans) with little or no fees ? You may deposit your share certificates with the company for safekeeping if you sign up for the Dividend