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xel_051706c

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  • 1. Working for You 2006 Annual Shareholders Meeting May 17, 2006
  • 2. Dick Kelly President, CEO and Chairman of the Board
  • 3. C. Coney Roger R. Burgess Hemminghaus
  • 4. Douglas W. A. Barry Leatherdale Hirschfeld
  • 5. Dr. Margaret R. Albert F. Preska Moreno
  • 6. A. Patricia Richard H. Sampson Truly
  • 7. Fredric Richard K. Corrigan Davis President and COO President and U.S. Bancorp CEO Mosaic Company
  • 8. Welcome Del Hock Retired Chairman and CEO Dick Walker Retired Chairman and CEO
  • 9. Welcome Deloitte & Touche
  • 10. Welcome Minnesota, North Dakota, South Dakota and New Mexico Shareholder Groups
  • 11. Cathy Hart
  • 12. TOTAL VOTING POWER 404,894,166 Votes Outstanding 344,412,767 Votes by Proxy 85.06% Total Voting Power
  • 13. Cathy Hart
  • 14. PROPOSALS Proposal #1 Election of 11 directors
  • 15. PROPOSALS Proposal #2 Ratification of the appointment of Deloitte & Touche LLP
  • 16. PROPOSALS Proposal #3 Separating the role of Chairman of the Board and Chief Executive Officer
  • 17. Cathy Hart
  • 18. Working for You - Video
  • 19. Dick Kelly President, CEO and Chairman of the Board
  • 20. STRENGTHS Successful growth strategy Thriving service territory Outstanding environmental record Strong commitment to community Excellent employees
  • 21. DIVIDEND INCREASE Dividend rate increase of 3 cents Increase of 3.5 percent Dividend yield of 4.8 percent Annual increase of 2 – 4 percent
  • 22. Dick Kelly President, CEO and Chairman of the Board
  • 23. PAT VINCENT CEO Public Service Company of Colorado
  • 24. CYNDI LESHER President & CEO Northern States Power Company Minnesota
  • 25. MIKE SWENSON President & CEO Northern States Power Company Wisconsin
  • 26. GARY GIBSON President & CEO Southwestern Public Service Company
  • 27. Dick Kelly President, CEO and Chairman of the Board
  • 28. PAUL BONAVIA President Utilities Group
  • 29. RAY GOGEL Vice President Customer and Enterprise Solutions & Chief Administrative Officer
  • 30. DAVID WILKS President Energy Supply
  • 31. CATHY HART Vice President Corporate Services and Corporate Secretary
  • 32. GARY JOHNSON Vice President & General Counsel
  • 33. BEN FOWKE Vice President & Chief Financial Officer
  • 34. DAVE SPARBY Vice President Government & Regulatory Affairs
  • 35. TERESA MADDEN Vice President and Controller
  • 36. GEORGE TYSON Vice President and Treasurer
  • 37. Dick Kelly President, CEO and Chairman of the Board
  • 38. BEN FOWKE Vice President & Chief Financial Officer
  • 39. 2005 FINANCIAL RESULTS Earnings from continuing operations of: $499 MILLION $1.20 PER SHARE Higher operating margins offset by: Nuclear plant outages Employee benefit costs Uncollectible receivable expenses Higher depreciation expenses
  • 40. FIRST QUARTER 2006 RESULTS Earnings from continuing operations of: $150 MILLION 36 CENTS PER SHARE Total earnings of: $151 MILLION 36 CENTS PER SHARE 2006 EARNINGS GUIDANCE OF $1.25 to $1.35
  • 41. BEN FOWKE Vice President & Chief Financial Officer
  • 42. XCEL ENERGY VALUE PROPOSITION Growing dividend 5% to 7% earnings growth 10% to 12% total return
  • 43. AVERAGE TOTAL RETURN 25 Top 25% of the Industry 24.4% 20 15 16.0% 10 5 0 XCEL ENERGY UTILITY INDUSTRY
  • 44. BEN FOWKE Vice President & Chief Financial Officer
  • 45. BUILDING THE CORE Invest in our core businesses Earn a return on that investment
  • 46. BUILDING THE CORE Investing in our core businesses $5 billion over 4 years Strong environmental component Regulatory certainty regarding recovery
  • 47. COMANCHE 3 750 MW coal-fired unit
  • 48. ENVIRONMENTAL IMPROVEMENTS Comanche Station Projected Emissions and Generation 18000 Pre-Project 15000 Post-Project 12000 9000 6000 3000 0 Electricity SO2 NOX Production (Tons/year) (Tons/year) (GWh/year)
  • 49. King Plant High Bridge Plant Riverside Plant INVESTING IN OUR CORE BUSINESSES Minnesota Emission Reduction Project
  • 50. INVESTING IN OUR CORE BUSINESSES Minnesota Emission Reduction Project Reduce SO2 and NOX by more than 90% Reduce mercury by almost 80% Meets energy needs Recovery approved
  • 51. INVESTING IN OUR CORE BUSINESSES Mercury Reduction Legislation
  • 52. TRANSMISSION Colorado Completed $43 million project Minnesota Project underway — 200 miles of new and upgraded lines and several new substations
  • 53. Dick Kelly President, CEO and Chairman of the Board
  • 54. BUILDING THE CORE Earning our authorized return Natural gas cases in Wisconsin, Minnesota and Colorado Electric case in Wisconsin Interim electric rates in Minnesota Electric case in Colorado
  • 55. XCEL ENERGY’S ENVIRONMENTAL RECORD Compliance Voluntary efforts New technologies
  • 56. COMMITMENT TO RENEWABLE ENERGY Number 1 purchaser of wind power Windsource — Nation’s largest green power program
  • 57. ENVIRONMENTAL TECHNOLOGIES Clean-coal process Creating hydrogen with wind power
  • 58. ENVIRONMENTAL TECHNOLOGIES Largest solar facility in Colorado
  • 59. Dick Kelly President, CEO and Chairman of the Board
  • 60. ENERGY ASSISTANCE $2 Million to Energy Outreach Colorado $1 Million to HeatShare More than $5.5 million across service territory
  • 61. Dick Kelly President, CEO and Chairman of the Board
  • 62. DENVER FRANCHISE AGREEMENT Ensures reliability Benefits customers Encourages conservation and renewable energy
  • 63. CARING FOR COMMUNITIES Corporate donations Volunteer efforts More than $12 million in 2005
  • 64. TRIPLE BOTTOM LINE REPORT
  • 65. Dick Kelly President, CEO and Chairman of the Board
  • 66. WILDFIRE VIDEO
  • 67. Dick Kelly President, CEO and Chairman of the Board
  • 68. PROPOSALS Proposal #1 Approved Election of 11 directors
  • 69. PROPOSALS Proposal #2 Approved Ratification of the appointment of Deloitte & Touche LLP
  • 70. PROPOSALS Proposal #3 Not Approved Separating the role of Chairman of the Board and Chief Executive Officer
  • 71. Dick Kelly President, CEO and Chairman of the Board
  • 72. You Get All of Our Energy
  • 73. Working for You