SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) July 18, 1994
Northern States Power Company
(Exact name of registrant as specified in its charter)
Minnesota
(State or other jurisdiction of incorporation)
1-3034 41-0448030
(Commission File Number) (IRS Employer Identification No.)
414 Nicollet Mall, Mpls, MN 55401
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code 612-330-5500
(Former name of former address, if changed since last report)
Item 5. Other Events
On July 18, 1994, Michigan Cogeneration Partners Limited Partnership (MCP),
a joint venture between subsidiaries of NRG Energy, Inc., a wholly owned
subsidiary of Northern States Power Company (NSP), and Cogentrix Energy, Inc.
reached an agreement with Consumers Power Company (Consumers), an electric
utility headquartered in Jackson, Michigan, to terminate the power sales
contract related to a 65 megawatt cogeneration facility being developed by MCP
in Parchment, Michigan. The MCP project would have provided electricity to
Consumers and steam to a James River Paper Company, Inc. facility. The
agreement to terminate the contract, among other terms, requires Consumers to
pay MCP $29,750,000. Since the contract was initiated in 1987, many factors
changed in Consumers' electric supply options, and other sources became more
attractive for its customers. NSP management expects the agreement will have
a positive financial impact in its 1994 financial results, but the final
impact will not be known until all costs associated with the contract
termination are identified.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
Northern States Power Company
(a Minnesota Corporation)
By (Jackie A. Currier)
Jackie A. Currier
Vice President & Treasurer
Dated: August 3, 1994
