Home Credit Ratings and Research S&P Global Ratings’ Credit Research Xcel Energy Inc.

BULLETIN: Xcel Energy Misses Dividend Payment

Published Sep 26, 2003

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Abstract:

NEW YORK (Standard&Poor's) Sept. 26, 2003--Xcel Energy Inc.'s (BBB/Watch Pos/A-2) announcement that it has delayed its declaration of October dividend payments on its common and preferred stock did not come as a surprise, Standard&Poor's Ratings Services noted, because Xcel had previously announced that due to additional write-offs related to subsidiary NRG Energy Inc., Xcel would require SEC authorization to pay the dividend. Standard&Poor's notes that the company has the necessary cash on hand to pay these dividends; liquidity is not an issue. The SEC authorization has not yet been received.

Report Type:

Bulletin

Ticker

XEL

Issuer

Xcel Energy Inc.

GICS

Electric Utilities (55101010)

Sector

Global Issuers

Country

United States

Region

United States

Format:

HTML

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Xcel Energy Inc. – 2004/04/06 – US$ 500.00

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S&PCORRECT: Xcel Energy CreditWatch Implications Revised to Positive – 2003/05/14 – US$ 150.00

Research Update: Xcel Energy Inc – 2003/05/14 – US$ 225.00

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MLA:	S&P Global Ratings’ Credit Research. "BULLETIN: Xcel Energy Misses Dividend Payment" Sep 26, 2003. Alacra Store. May 15, 2025. <http://www.alacrastore.com/s-and-p-credit-research/BULLETIN-Xcel-Energy-Misses-Dividend-Payment-335643>

APA:	S&P Global Ratings’ Credit Research. (). BULLETIN: Xcel Energy Misses Dividend Payment Sep 26, 2003. New York, NY: Alacra Store. Retrieved May 15, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/BULLETIN-Xcel-Energy-Misses-Dividend-Payment-335643>

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