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EXHIBIT 10.37
[NSP LOGO] NORTHERN STATES POWER COMPANY
000 XXXXXXXX XXXX XXXXX X. XXXXXXX
XXXXXXXXXXX, XXXXXXXXX 00000-1993 VICE PRESIDENT
TELEPHONE (000) 000-0000 AND CONTROLLER
April 4, 1991
Xx. Xxxxxx X. Xxxxxx, President
NRG Group, Inc
0000 Xxxxxxxx Xxxxxx
Xxxxxxxxxxx, XX 00000
Subject: Federal and State Income Tax Sharing Agreement Between Northern
States Power Company (NSP) and NRG Group, Inc.
Dear Xx. Xxxxxx,
To formalize the system of determining the income tax liability attributable to
each corporation that joins in filing consolidated Federal and State income tax
returns with NSP the following agreement is proposed.
The subsidiaries that comprise NRG Group, Inc shall pay to NSP the amount of
Federal and State income tax computed as if the NRG Group had actually filed
separate Federal and separate State tax returns. Payments shall be made on or
about the time that estimate payments or income tax returns are due. If the NRG
Group incurs tax losses, NSP shall reimburse NRG to the extent there is a tax
benefit from the consolidated returns.
NRG Group shall join in an election to this effect in the 1991 tax returns.
Sincerely,
/s/ Xxxxx X. Xxxxxxx
Xxxxx X. Xxxxxxx
/s/ Xxxxxx X Xxxxxx
-------------------------
Approved
Xxxxxx X Xxxxxx
