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) October 4, 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
Non-Regulated Cogeneration Project - Termination of Power Sale Agreement
In August 1994, Northern States Power Company (the Company) announced that a
joint venture between one of the Company's non-regulated subsidiaries and
Cogentrix, Inc., had agreed to terminate a contract for power sales from a
cogeneration project in Michigan. At that time, the financial consequences
to the Company were not fully determinable because certain expenses associated
with the termination could not yet be estimated. The Company's management has
now estimated the costs associated with the contract termination and expects
to record a net gain from the termination of approximately nine cents per
share in the third quarter of 1994.
Prairie Island Monitoring Compliance Update
The Company and the Minnesota Pollution Control Agency (MCPA) are currently
negotiating a Stipulation Agreement to address monitoring procedures used at
the Company's Prairie Island Nuclear Generating Plant between January and
September of 1992 that allegedly did not comply with National Pollution
Discharge Elimination System permits, limiting the halogen content of water
discharges at the Plant. The MCPA is alleging noncompliance with permit terms
and conditions and is proposing a civil penalty of $105,436. Management does
not believe that this matter will have a material effect on the results of
operations or on the financial condition of the Company.
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 (Edward J. McIntyre)
Edward J. McIntyre
Vice President & Chief Financial
Officer
Dated: October 4, 1994
