May 31, 2016 12:12 AM ET

Electric Utilities

Company Overview of Northern States Power Company

Company Overview

Northern States Power Company, together with its subsidiaries, engages in the generation, purchase, transmission, distribution, and sale of electricity in Minnesota, North Dakota, and South Dakota. It operates through Regulated Electric Utility and Regulated Natural Gas Utility segments. The company generates electricity from various sources, such as coal, nuclear fuel, natural gas, wind, hydro, biomass, and solar. It also purchases, transports, distributes, and sells natural gas to retail customers, as well as transports customer-owned natural gas in Minnesota and North Dakota. The company, through its subsidiary, United Power and Land Company, also holds real estate. The company provides e...

414 Nicollet Mall

Minneapolis, MN 55401

United States

Founded in 2000

3,623 Employees



Key Executives for Northern States Power Company

Chairman and Chief Executive Officer
Age: 57
President and Director
Age: 48
Chief Financial Officer, Executive Vice President and Director
Age: 59
Senior Vice President and Controller
Age: 43
Compensation as of Fiscal Year 2015.

Northern States Power Company Key Developments

NSP-Minnesota Reports Earnings Results for the Third Quarter and Nine Months Ended of September 30, 2015

NSP-Minnesota reported earnings results for the third quarter and nine months ended of September 30, 2015. For the quarter, the company’s diluted earnings per share were $0.35 compared to $0.27 a year ago. Ongoing earnings increased $0.08 per share for the third quarter of 2015. For the nine months, the company’s diluted earnings per share were $0.65 compared to $0.63 a year ago. Ongoing earnings per share was $0.02.

Northern States Power Company Announces Executive Changes, Effective from Jan. 1

Xcel Energy named Christopher Clark to a top leadership position in the company’s Upper Midwest region. Clark will become president of Northern States Power Co. on Jan. 1, upon the retirement of David Sparby. Clark currently is regional vice president of rates and regulatory affairs, overseeing rate and resource planning filings made with state regulatory commissions in Minnesota, North Dakota and South Dakota. He has held increasingly responsible roles during his 15-year tenure with the company, beginning as legal counsel in 1999. Prior to joining Xcel Energy, Clark was a regulatory attorney at Alliant Energy. Clark will report to McDaniel.

Northern States Power Company Announces Executive and Management Changes, Effective December 31, 2014

On Nov. 21, 2014, David M. Sparby, Senior Vice President and Group President, Revenue and President and Chief Executive Officer of Northern States Power, announced his intention to retire effective Dec. 31, 2014, completing over 30 years of distinguished service to Xcel Energy. Marvin McDaniel, who currently serves as Senior Vice President and Chief Administrative Officer will assume Mr. Sparby's Group President responsibilities upon his retirement. Xcel Energy expects to name a new Minnesota President by the end of the year. McDaniel, a 27-year employee of Xcel Energy and its predecessor company New Century Energies, has held a variety of leadership positions in the financial operations, information technology, human resources, and rates and regulatory areas of the company. McDaniel will assume the additional responsibilities on Jan. 1, 2015.

Similar Private Companies By Industry

Company Name Region
3 Phases Renewables, LLC United States
Abacus Resources Energy, LLC United States
Access Energy, LLC United States
Adams Electric Cooperative, Inc. United States
Adams-Columbia Electric Cooperative United States

Recent Private Companies Transactions

No transactions available in the past 12 months.

The information and data displayed in this profile are created and managed by Capital IQ, a Standard & Poor's company. does not create or control the content. For inquiries, please contact Capital IQ directly by clicking here.

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
NYC2012, Inc. United States
Bertelsmann AG Europe
Rush University United States
Citizens Budget Commission United States

Sponsored Financial Commentaries

Sponsored Links

Request Profile Update

Only a company representative may request an update for the company profile. Documentation will be required.

To contact Northern States Power Company, please visit --. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at