UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported): ~~October~~ 7November 9, 2010

Commission File Number: 0333-~~053150~~142860

NACEL ENERGY CORPORATION

(Exact name of registrant as specified in its charter)


Wyoming		20-4315791
(State or other jurisdiction of incorporation or organization)		(I.R.S. Employer Identification Number)


9375 E. Shea Blvd., Suite 100 Scottsdale, Arizona		85260
(Address of principal executive offices)		(Zip Code)

(602) 235-0355

(Registrant telephone including area code)

Check the appropriate item below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

¨	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 8.01 – Other Events.

~~In its~~On ~~Form~~November ~~8-K filed on March 30~~2, 2010, NACEL Energy ~~Corporation~~ (“~~NACEL Energy” or~~ the “Company”) ~~disclosed~~deposited ~~that it had executed and delivered~~$25,000 ~~pursuant~~with ~~to a~~Arizona ~~private~~Public ~~placement~~Service ~~with~~Company ~~a single institutional investor~~(“APS), ~~its~~the ~~$300,000~~funds ~~Convertible Promissory~~being ~~Note (~~the ~~“Convertible~~good ~~Note”)~~faith inestimate ~~exchange for the investor’s~~provided ~~execution~~by ~~and~~APS ~~delivery~~ of athe ~~$300,000~~expected ~~Secured~~costs &likely ~~Collateralized~~to ~~Promissory Note~~be ~~(the~~incurred ~~“Secured Note”)~~ to ~~the~~complete ~~Company.~~a AsSystem ofImpact Study ~~October~~(SIS) 6,for ~~2010,~~ the ~~Company~~Snowflake ~~has now~~wind ~~closed~~project ~~and~~located ~~received $300,000~~ in ~~capital~~Navajo ~~funding~~County, ~~being the amount due under~~ ~~the Secured Note~~AZ.

~~Under~~NACEL ~~this~~Energy ~~funding~~anticipates ~~arrangement,~~a ~~further~~period ~~transactions~~of ~~between~~several ~~the Company and the investor may occur which~~months, ifor ~~fully funded~~longer, ~~could~~before ~~provide~~ the ~~Company~~SIS ~~with~~can be ~~funding~~completed ~~aggregating~~by upAPS ~~to $4~~personnel.3 Should ~~million over~~ the ~~next~~results 36of ~~months~~the orSIS ~~so. However,~~be ~~there~~favorable ~~are~~and noindicate ~~assurances that any further transactions will occur, or if further transactions do occur,~~ the ~~number~~necessary ofelectrical ~~potential~~system ~~transactions~~and ~~which~~equipment ~~may~~upgrades ~~occur is~~to ~~uncertain~~construct ~~and~~Snowflake ~~dependent~~are oneconomically ~~numerous~~feasible, ~~factors~~as ~~including,~~currently ~~without~~anticipated ~~limitation,~~by the Company~~’s progress in developing its existing wind energy projects~~, ~~its financial~~a ~~condition~~then ~~and~~further ~~resources,~~period ~~strength and volatility~~ of ~~stock~~time ~~prices~~may ~~for the~~occur ~~Company’s~~before ~~commons~~a ~~stock~~final ~~and other factors over which the Company has no~~interconnection ~~control.~~agreement ~~For~~can ~~further~~be ~~information,~~executed ~~please~~with ~~refer to the Company’s Form 8-K previously filed on March 30, 2010~~APS.

AIn the ~~copy~~interim, ofimportant ~~the~~additional ~~press~~development ~~release~~milestones ~~pertaining~~are tounderway ~~each~~concerning Snowflake ofincluding, without limitation, evaluating potential turbine partners and financing arrangements. Accordingly, the ~~foregoing~~Company ~~matters~~cautions that commissioning (operations) at Snowflake is not expected until the fourth quarter of fiscal ~~attached~~2010-11, ~~hereto~~or aslater andepending ~~exhibit~~on future events.

A copy of the press release pertaining to the foregoing is attached hereto as an exhibit.

Item 9.01 – Exhibits

(d) Exhibits.


Exhibit No.		Description
99.1		Press Release

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.

	NACEL ENERGY CORPORATION
Date: October 7, 2010	By: /s/ Mark Schaftlein
Date: November 9, 2010	By: /s/ Mark Schaftlein
	Mark Schaftlein, Chief Executive Officer

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