e425
 

     
  Filed by Xcel Energy Inc.
  Pursuant to Rule 425 under the Securities Act of 1933
 
  Subject Company: NRG Energy, Inc.
  NRG Energy, Inc.’s Commission File No. 001-15891

 
 
The following materials will be used in presentations in connection with a proposed equity offering by
Xcel Energy Inc.

 

($400 MILLION EQUITY ISSUE)

 

(OFFERING SUMMARY)

 

(XCEL ENERGY PRESENTERS)

 

(XCEL ENERGY 2002 EQUITY PLANS)

 

(NRG EXCHANGE OFFER TRANSACTION TERMS)

 

(WHY XCEL ENERGY?)

 

(DUAL GROWTH PLATFORM)

 

(XCEL ENERGY—UTILITY)

 

(STRONG DIVERSE ECONOMY)

 

(UTILITY MERGER SYNERGIES)

 

(DIVERSE ELECTRIC UTILITY SUPPLY MIX)

 

(MARKETING AND TRADING AROUND UTILITY ASSETS AUGMENTS PROFITABILITY)

 

(COLORADO REGULATORY FILINGS)

 

(COLORADO INCENTIVE COST ADJUSTMENT)

 

(PERFORMANCE-BASED REGULATION)

 

(NRG ENERGY)

 

(NRG PORTFOLIO DIVERSITY—2001)

 

(NRG—SIGNIFICANT GROWTH)

 

(XCEL ENERGY DIRECTION FOR NRG)

 

(NRG PLAN HIGHLIGHTS)

 

(NRG—CONTINUING GROWTH)

 

(CREDIT RATING OBJECTIVES)

 

(XCEL ENERGY FINANCIAL GUIDANCE)

 

(2002 EARNINGS PER SHARE GUIDANCE)

 

(XCEL ENERGY GROWTH OF 7%–9%)

 

(HIGH DIVIDEND YIELD)

 

(INCENTED MANAGEMENT)

 

(TOTAL RETURN)

 

(WHY XCEL ENERGY?)

 

(XCEL ENERGY BACK COVER)