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xel_051706c

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xel_051706c

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

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