Xcel Energy Inc. · NASDAQ:XEL

Xcel Energy — Southwestern Public Service Company — Corporate Update (June 2023)

11 slides from Xcel Energy's corporate update, Jun 13, 2023

  1. Slide 1: Southwestern Public Service Company 2023 New Mexico Integrated Resource Plan

    SOUTHWESTERN PUBLIC SERVICE COMPANY 2023 NEW MEXICO INTEGRATED RESOURCE PLAN 1st In-Person Facilitated Stakeholder Meeting June 13 – 14, 2023 – Roswell, New Mexico © 2023 Xcel Energy 1

  2. Slide 2: Gas Forecast

    GAS FORECAST © 2023 Xcel Energy 2

  3. Slide 3: Natural Gas Forecast

    Natural Gas Forecast © 2023 Xcel Energy 3

  4. Slide 4: Natural Gas Forecast: Long-Term Natural Gas Price Forecast

    0.00 1.00 2.00 3.00 4.00 5.00 6.00 7.00 1-Jan-24 1-Aug-24 © 2023 Xcel Energy 1-Mar-25 1-Oct-25 1-May-26 1-Dec-26 1-Jul-27 1-Feb-28 1-Sep-28 1-Apr-29 1-Nov-29 1-Jun-30 1-Jan-31 1-Aug-31 1-Mar-32 1-Oct-32 1-May-33 1-Dec-33 1-Jul-34 1-Feb-35 1-Sep-35 1-Apr-36 1-Nov-36 1-Jun-37 Long-Term Natural Gas Pri

  5. Slide 5: Market Price Forecasts

    Market Price Forecasts © 2023 Xcel Energy 5

  6. Slide 6: Monthly Market Prices: SPP On-Peak and Off-Peak

    - 10.00 20.00 30.00 40.00 50.00 60.00 1-Jan-24 1-Sep-24 © 2023 Xcel Energy 1-May-25 1-Jan-26 1-Sep-26 1-May-27 1-Jan-28 1-Sep-28 1-May-29 1-Jan-30 1-Sep-30 1-May-31 1-Jan-32 1-Sep-32 1-May-33 1-Jan-34 1-Sep-34 1-May-35 1-Jan-36 1-Sep-36 SPP - Monthly On-Peak Prices 1-May-37 1-Jan-38 1-Sep-38 1-May-3

  7. Slide 7: Monthly Market Prices

    Monthly Market Prices © 2023 Xcel Energy Discussion moved to SPP Website 7

  8. Slide 8: Current Base Outlook

    Current Base Outlook • Represents the 50th percentile, or Financial forecast • New Load impacts range from 120-525 MW • Near-term growth in line with recent trends, longer-term slowdown Average Annual Growth Retail x/NL Retail Financial 2023-2028 0.7% 2.6% 1.9% 2028-2038 0.6% 0.5% 0.5% 1

  9. Slide 9: New Load Assumptions

    New Load Assumptions • Only include highly probable loads (probability >80 percent) • Probability of requests connecting declines over time − Example - Year 1: 80 percent phases down to Year 6+: 50 percent • Assume 60 percent load factor for oil and gas loads, 95 percent for data centers and other l

  10. Slide 10: Current High Outlook

    Current High Outlook • Planning forecast represents the 85th percentile • Forecast differences range from 80-760 MW • Considered a proxy for more of the high probability load connecting • Does not include Average Annual Growth 5,000+ MW of Financial Planning additional requests 2023-2028 1.9% 3.4% 2

  11. Slide 11: © 2023 Xcel Energy

    © 2023 Xcel Energy 8

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