|
related topics |
{operation, natural, condition} |
{gas, price, oil} |
{cost, contract, operation} |
{capital, credit, financial} |
{debt, indebtedness, cash} |
{cost, regulation, environmental} |
{system, service, information} |
{provision, law, control} |
|
Risks Associated with Our Business
Our profitability depends in part on the ability of our utility subsidiaries to recover their costs from their customers and there may be changes in circumstances or in the regulatory environment that impair the ability of our utility subsidiaries to recover costs from their customers.
We are subject to commodity price risk, credit risk and other risks associated with energy markets.
Our subsidiary, PSCo, has received a notice from the Internal Revenue Service (IRS) proposing to disallow certain interest expense deductions that PSCo claimed in 1993 through 1999. Should the IRS ultimately prevail on this issue, our liquidity position and financial results could be materially adversely affected.
We are subject to environmental laws and regulations, compliance with which could be difficult and costly.
Our subsidiary, NSP-Minnesota, is subject to the risks of nuclear generation.
Recession, grid disturbances, acts of war or terrorism could negatively impact our business.
Reduced coal availability could negatively impact our business.
Rising energy prices could negatively impact our business.
Our operating results may fluctuate on a seasonal and quarterly basis and can be adversely affected by milder weather.
Our natural gas distribution activities involve numerous risks that may result in accidents and other operating risks and costs.
Increasing costs associated with our defined benefit retirement plans, health care plans and other employee-related benefits may adversely affect our results of operations, financial position, or liquidity.
Risks Associated with Our Holding Company Structure
We must rely on cash from our subsidiaries to make dividend payments.
Our utility subsidiaries are subject to regulatory restrictions on accessing capital.
Any reductions in our credit ratings could increase our financing costs and the cost of maintaining certain contractual relationships.
Certain provisions of law, as well as provisions in our bylaws and shareholder rights plan, may make it more difficult for others to obtain control of us, even though some shareholders might consider this favorable.
Full 10-K form ▸
|
|
related documents |
49648--2/28/2008--IDAHO_POWER_CO |
1123852--2/28/2006--NORTHERN_STATES_POWER_CO |
1129542--2/27/2007--VECTREN_UTILITY_HOLDINGS_INC |
81018--2/28/2006--PUBLIC_SERVICE_CO_OF_COLORADO |
731802--11/29/2007--ATMOS_ENERGY_CORP |
1138258--3/10/2008--MIRANT_MID_ATLANTIC_LLC |
1138258--3/31/2006--MIRANT_MID_ATLANTIC_LLC |
1129542--3/2/2006--VECTREN_UTILITY_HOLDINGS_INC |
1138258--3/16/2007--MIRANT_MID_ATLANTIC_LLC |
1126294--3/2/2009--RELIANT_ENERGY_INC |
352049--3/2/2006--CLEVELAND_ELECTRIC_ILLUMINATING_CO |
72909--2/28/2006--NORTHERN_STATES_POWER_CO_/WI/ |
81018--2/27/2007--PUBLIC_SERVICE_CO_OF_COLORADO |
941138--3/2/2009--TUCSON_ELECTRIC_POWER_CO |
850033--3/2/2009--BP_PRUDHOE_BAY_ROYALTY_TRUST |
1081316--3/1/2007--MIDAMERICAN_ENERGY_HOLDINGS_CO_/NEW/ |
764044--3/20/2007--QUESTAR_PIPELINE_CO |
1030749--3/1/2007--GULFMARK_OFFSHORE_INC |
1030749--2/29/2008--GULFMARK_OFFSHORE_INC |
1051431--3/15/2007--HORIZON_OFFSHORE_INC |
1004440--2/27/2007--BALTIMORE_GAS_&_ELECTRIC_CO |
1389030--3/3/2009--Quicksilver_Gas_Services_LP |
72903--2/23/2007--XCEL_ENERGY_INC |
107832--2/27/2009--INTERSTATE_POWER_&_LIGHT_CO |
764622--2/27/2008--ARIZONA_PUBLIC_SERVICE_CO |
850033--3/16/2006--BP_PRUDHOE_BAY_ROYALTY_TRUST |
1169055--3/14/2006--NOBLE_CORP |
764044--3/17/2008--QUESTAR_PIPELINE_CO |
1004440--2/27/2008--CONSTELLATION_ENERGY_GROUP_INC |
731802--11/19/2008--ATMOS_ENERGY_CORP |
|