Risk.net

Facing up to the brave new world

-cel-nergy-jpg
Less than a year ago, the energy world looked a little rosier for Minneapolis-based Xcel Energy, the fourth largest combined electricity and natural gas firm in the US based on its generating capacity and natural gas volumes.

In a June 2001 interview with The Wall Street Transcript, Xcel president and chief executive Wayne Brunetti said he was pleased with how the company – created in an August 2000 merger of Denver-based New Century Energies and Northern States Power in Minneapolis – had p