Xcel Energy Inc. · NASDAQ:XEL
Xcel Energy — Investor Presentation (November 2005)
31 slides from Xcel Energy's investor presentation, Nov 28, 2005
Slide 1: Invest in Regulated Utility Business
Xcel Energy’ ‘ Performance Regulators/ Legislators Environmental) » Stewardship Customers | Invest in Regulated Utility Business Dave Sparby Vice President - Government
Slide 2: Safe Harbor
Safe Harbor This material includes forward-looking statements that are subject to certain risks, uncertainties and assumptions. Such forward-looking statements include projected earnings, cash flows, capital expenditures and other statements and are identified in this document by the words “anticipa
Slide 3: Meeting customer requirements and stewardship
snt to meet customer requirements | stewardship —
Slide 4: Regulatory leads for NSP, PSCo and SPS
NSP (M) NSP (W) PSCo SPS Ron Darnell Scott Wilensky _ Judy Pofer! Don Reck Fred Stoffel David Hudson: — 20 20 26 26 22
Slide 5: Nuclear plant relicensing and electric rate cases
lear plant relicensing electric rate cases slectric rate cases le case ric rate case ait
Slide 6: Minnesota regulatory structure
ney General : esidential and commercial at
Slide 7: Minnesota cost recovery practices
rect recovery for state-supported ervation, renewable energy, ites 60 days after rate case 10 months recast test year —
Slide 8: Minnesota rate case increase request
million increase, based 006 test year ' . 4
Slide 9: Increasing Demand
Increasing Demand 60% 1992 1994 1996 1998 2000 2002 2004 2006 2008 as
Slide 10: Effective Demand-Side Management (DSM)
Effective Demand-Side Management (DSM) Plants Avoided through Conservation and Load Management Number of plants 1992 1994 1998 2000 2002 2004 2006 Ante 250 MW Combined Cycle
Slide 11: Careful Management of Costs
Careful Management of Costs Minnesota O&M Expenses Dollars in millions Composite Inflation 44% 800
Slide 12: NSP (M) Increasing Capital Investments
-_ NSP (M) Increasing Capital Investments Dollars in millions 800 General & Common 700 ou Other Generation 500 400 - Nuclear 300 200 Q Transmission & 00 Distribution 4 0 [OMERP 2002 2003 2004 2005 2006 2007 — 4
Slide 13: Proposed Policy Changes
Proposed Policy Changes ” n — Making the shareholders 1, purchased power or build _ margins — Sharing the benefits of the — Charging the cost of service rs _ Nuclear — Reflecting the prospect of life extension —
Slide 14: Purchased Capacity Equity Rider (PCER)
Pe. zing Resource Impacts urchased Capacity Equity Rider (PCER) a
Slide 15: Resource impacts: financial neutrality factor
g Resource Impacts incial Neutrality Factor Eh Supeere: accomplishment of expansion of DSM goals
Slide 16: Fuel cost sharing beyond threshold amount
sharing beyond threshold amount e by using fuel clause to pass esults rather than forecasting a
Slide 17: Average Residential Rate Cents per kWh
_ Average Residential Rate 49 Cents per kWh CPI Up 35% te) r 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 ™ Base Rate miFuelCost © Other —CPI Average rate (675 KWh monthly use) has increased 17% during the! same period, F _ |
Slide 18: Residential Interim Rate Bill Impact
Residential Interim Rate Bill Impact hin Se $59.97 3.71 1.59 perso fies Interim Rates 10.27) 13.91 O MERP i Riders C Fuel Cost G Base Cost 39.54 39.54 January 2005 January 2006
Slide 19: Next Steps in Minnesota
-_ Next Steps in Minnesota Interim Acceptance Rates Hearings Settlement Decision (Possible) November/ January Spring August December 2006 2006 2006 _ 2005
Slide 20: Wisconsin renewable purchase requirements
yurchase by law meeting ren
Slide 21: Wisconsin Regulatory Structure
_ Wisconsin Regulatory Structure ,ffice, appointed by Governor d environmental grou customers typically as well ‘ rvene _ Wisconsin has an intervenor compensation fund —
Slide 22: Wisconsin fuel recovery and rate case cycle
Ss every odd year year at beginning of test year recovery cases fil by + 2% from base Full reco\ ery | Of | public benefits charge (DSM, low-income assistance) —
Slide 23: Wisconsin Rate Cases Highlights
Py consin Rate Cases Highlights ymbined Electric and Gas Case _ 11.9% return on equity _ 96.32% common equity _ New rates effective January 1, 2006 a
Slide 24: Hearings completed November 2005
_ Hearings completed November 2005 _ Commis: Jecision expected December 200!
Slide 25: Colorado customer base
I I, small id irrigation customers
Slide 26: Colorado Regulatory Practices
Slide 27: Resolution expected February 2006
~ Resolution expected February 2006 — 4
Slide 28: Colorado Electric Rate Case Highlights
. ier Colorado Electric Rate Case Highlights Extend fuel and purchased power adjustment clause: — Im puted debt recovery
Slide 29: Electric rate case highlights and planned filing
} days after filing ) months annua uel recovery adjustments _ New transmission cost recovery rider Electric rate case highlights _ Planned filing May 2006 al Large industrial customer interveners
Slide 30: PLUS plan rate increases in 2004 & 2005
_ PLUS plan rate increases in 2004 & 2005
Slide 31: Searchable text section of graphics shown above
Searchable text section of graphics shown above [L OGO] Executing The Regulatory Plan Financial Performance Regulators/ Legislators Value to Environmental Customers Stewardship Invest in Regulated Utility Business Dave Sparby Vice President – Government and Regulatory Affairs Sa fe Harbor This mater