Xcel Energy delivered positive results in 2007 and is positioned for continued growth. Key accomplishments included resolving legal issues, completing generation projects on time and budget, and receiving constructive regulatory resolutions. The company expects to meet or exceed 2007 earnings guidance. Xcel has a pipeline of investment opportunities across its regions and recovery mechanisms to earn its authorized returns. It aims to grow earnings per share 5-7% annually and increase dividends 2-4% per year through rate base and capital expenditure growth.
xcel energy 9_8888LehmanConfPresentation952007SECfinance26
The document is a presentation by Dick Kelly, Chairman and CEO of Xcel Energy, at a Merrill Lynch conference on September 25, 2007. Kelly summarizes Xcel's value proposition as a low-risk regulated utility with opportunities for investment and environmental leadership. He outlines the company's accomplishments in 2007, upcoming capital investment opportunities, and expectations for continued earnings per share growth of 5-7% and dividend growth of 2-4% per year through strong capital expenditure programs and constructive regulation.
xcel energy 9_4LehmanConfPresentation952007SECfinance26
This document summarizes a presentation given by Ben Fowke, Vice President and CFO of Xcel Energy, at a Lehman Brothers conference on September 5, 2007. Fowke outlines Xcel Energy's value proposition as a low-risk regulated utility with a constructive regulatory environment and opportunities for investment and growth. He highlights recent accomplishments and construction projects on budget and on schedule. Fowke projects continued investment opportunities, earnings per share growth of 5-7% annually, and dividend growth of 2-4% per year through 2011 while maintaining a dividend yield of approximately 4.5%.
xcel energy 9_11EuropeanRoadShowPresentationSeptember2007finance26
This document provides an overview of Xcel Energy's business and financial performance from the perspective of the Vice President and CFO. It summarizes Xcel's operating regions, recent accomplishments, capital investment opportunities, environmental leadership, and financial outlook. The key messages are that Xcel delivers low-risk returns through regulated utilities, has a strong pipeline of investment opportunities, and is positioned to continue delivering earnings and dividend growth through 2011 by executing on its capital plans.
This document discusses Xcel Energy's strategy to achieve financial success through environmental leadership and reducing carbon emissions. It outlines plans to increase renewable energy and energy efficiency, upgrade plants, and replace coal generation with natural gas and renewable sources. This is projected to reduce carbon emissions by 2020 while maintaining reasonable rates and regulatory approval for investments. Earnings are forecasted to grow by 5-7% annually through 2020 by investing in renewable and transmission projects and benefitting from supportive regulatory treatment.
George Tyson presents Xcel Energy's strategy to achieve financial success through environmental leadership. Key points are:
1) Xcel aims to reduce carbon emissions 20% by 2020 while meeting annual EPS growth targets of 5-7% and dividend increases of 2-4%.
2) Climate change policy will require significant emission cuts, investments, and plant changes. Xcel's states are leaders in renewable standards and energy efficiency.
3) Xcel's carbon reduction strategy includes increasing renewables, upgrading plants, and evaluating carbon capture technology. This will significantly change Xcel's energy supply mix by 2020.
The document summarizes Progress Energy's Q3 2008 earnings call. It discusses ongoing earnings of $306M for Q3 2008, regulatory updates in the Carolinas and Florida, energy efficiency and alternative energy programs, and $7-8B in capital expenditures through 2013 for major generation projects. Cost controls have kept year-to-date O&M expenses flat compared to 2007 despite 2.5% reported growth. Customer growth has been positive but milder weather reduced retail usage. Guidance of $2.95-3.05 for 2008 ongoing earnings is maintained based on a trailing 12-month EPS of $2.91. Liquidity remains strong with $1.9B in available credit facilities and cash.
This document summarizes Xcel Energy's business operations and growth strategy. It outlines Xcel's plans to reduce carbon emissions through investments in renewable energy, smart grid technology, and energy efficiency. These initiatives are expected to lower Xcel's carbon emissions 22% by 2020 in Minnesota and 10% by 2017 in Colorado. The document also describes Xcel's constructive regulatory environment which allows recovery of major capital investments. This supports Xcel's goal of delivering 5-7% annual earnings growth and 2-4% annual dividend growth through continued investment in its rate base.
xcel energy 2008 June_EurpopeanInvestor854finance26
This document summarizes Xcel Energy's business profile, environmental leadership initiatives, regulatory framework, growth opportunities, and financial performance. Xcel Energy is a major utility operating across 8 states in the Midwest and Plains regions, focusing on electric and gas delivery. The company aims to reduce carbon emissions through investments in renewable energy, smart grid technologies, and energy efficiency. It has a track record of earning returns allowed by constructive regulation and expects to continue delivering earnings and dividend growth through ongoing capital expenditures.
xcel energy 9_8888LehmanConfPresentation952007SECfinance26
The document is a presentation by Dick Kelly, Chairman and CEO of Xcel Energy, at a Merrill Lynch conference on September 25, 2007. Kelly summarizes Xcel's value proposition as a low-risk regulated utility with opportunities for investment and environmental leadership. He outlines the company's accomplishments in 2007, upcoming capital investment opportunities, and expectations for continued earnings per share growth of 5-7% and dividend growth of 2-4% per year through strong capital expenditure programs and constructive regulation.
xcel energy 9_4LehmanConfPresentation952007SECfinance26
This document summarizes a presentation given by Ben Fowke, Vice President and CFO of Xcel Energy, at a Lehman Brothers conference on September 5, 2007. Fowke outlines Xcel Energy's value proposition as a low-risk regulated utility with a constructive regulatory environment and opportunities for investment and growth. He highlights recent accomplishments and construction projects on budget and on schedule. Fowke projects continued investment opportunities, earnings per share growth of 5-7% annually, and dividend growth of 2-4% per year through 2011 while maintaining a dividend yield of approximately 4.5%.
xcel energy 9_11EuropeanRoadShowPresentationSeptember2007finance26
This document provides an overview of Xcel Energy's business and financial performance from the perspective of the Vice President and CFO. It summarizes Xcel's operating regions, recent accomplishments, capital investment opportunities, environmental leadership, and financial outlook. The key messages are that Xcel delivers low-risk returns through regulated utilities, has a strong pipeline of investment opportunities, and is positioned to continue delivering earnings and dividend growth through 2011 by executing on its capital plans.
This document discusses Xcel Energy's strategy to achieve financial success through environmental leadership and reducing carbon emissions. It outlines plans to increase renewable energy and energy efficiency, upgrade plants, and replace coal generation with natural gas and renewable sources. This is projected to reduce carbon emissions by 2020 while maintaining reasonable rates and regulatory approval for investments. Earnings are forecasted to grow by 5-7% annually through 2020 by investing in renewable and transmission projects and benefitting from supportive regulatory treatment.
George Tyson presents Xcel Energy's strategy to achieve financial success through environmental leadership. Key points are:
1) Xcel aims to reduce carbon emissions 20% by 2020 while meeting annual EPS growth targets of 5-7% and dividend increases of 2-4%.
2) Climate change policy will require significant emission cuts, investments, and plant changes. Xcel's states are leaders in renewable standards and energy efficiency.
3) Xcel's carbon reduction strategy includes increasing renewables, upgrading plants, and evaluating carbon capture technology. This will significantly change Xcel's energy supply mix by 2020.
The document summarizes Progress Energy's Q3 2008 earnings call. It discusses ongoing earnings of $306M for Q3 2008, regulatory updates in the Carolinas and Florida, energy efficiency and alternative energy programs, and $7-8B in capital expenditures through 2013 for major generation projects. Cost controls have kept year-to-date O&M expenses flat compared to 2007 despite 2.5% reported growth. Customer growth has been positive but milder weather reduced retail usage. Guidance of $2.95-3.05 for 2008 ongoing earnings is maintained based on a trailing 12-month EPS of $2.91. Liquidity remains strong with $1.9B in available credit facilities and cash.
This document summarizes Xcel Energy's business operations and growth strategy. It outlines Xcel's plans to reduce carbon emissions through investments in renewable energy, smart grid technology, and energy efficiency. These initiatives are expected to lower Xcel's carbon emissions 22% by 2020 in Minnesota and 10% by 2017 in Colorado. The document also describes Xcel's constructive regulatory environment which allows recovery of major capital investments. This supports Xcel's goal of delivering 5-7% annual earnings growth and 2-4% annual dividend growth through continued investment in its rate base.
xcel energy 2008 June_EurpopeanInvestor854finance26
This document summarizes Xcel Energy's business profile, environmental leadership initiatives, regulatory framework, growth opportunities, and financial performance. Xcel Energy is a major utility operating across 8 states in the Midwest and Plains regions, focusing on electric and gas delivery. The company aims to reduce carbon emissions through investments in renewable energy, smart grid technologies, and energy efficiency. It has a track record of earning returns allowed by constructive regulation and expects to continue delivering earnings and dividend growth through ongoing capital expenditures.
This document provides an overview of Xcel Energy, an integrated utility company focused on reducing carbon emissions. Key points include:
1) Xcel Energy has plans to significantly reduce carbon emissions by 2020-2030 through investments in renewable resources like wind, solar, and biomass as well as new technologies like smart grids and carbon sequestration.
2) The company operates under constructive regulation with recovery mechanisms for major capital projects and has a strong financial position with consistent earnings growth and dividend increases.
3) Xcel Energy expects to invest over $2 billion per year through 2011 to expand renewable generation, upgrade infrastructure, and extend the life of its nuclear plants, positioning it for continued growth.
xcel energy BAC_Presentation_112007_Finalfinance26
Ben Fowke, Vice President and CFO of Xcel Energy, discusses the company's strategy to achieve financial success through environmental leadership. Xcel aims to stabilize or reduce carbon emissions from electricity by 2020 through renewable energy, energy efficiency, upgrading plants, and evaluating carbon capture technology. This strategy positions the company for anticipated climate regulation while maintaining reasonable customer rates and regulatory support for investments. Fowke outlines capital spending projections and enhanced recovery mechanisms that can deliver earnings and dividend growth.
This document summarizes a presentation given by Dick Kelly, the CEO of Xcel Energy, at a financial conference in 2007. The presentation addresses Xcel Energy's strategy for achieving financial success through environmental leadership as climate change policies emerge. Key points include:
1) Xcel Energy is positioning itself to be a leader in addressing climate change by stabilizing or reducing its carbon emissions by 2020 through investments in renewables, energy efficiency, nuclear and cleaner generation.
2) This strategy is expected to reduce regulatory risk, meet customer and political expectations, and demonstrate environmental leadership which could open investment opportunities.
3) Financial projections show rate base growth of 7.5% annually through 2011 which Xcel Energy expects to
This document provides an overview of Xcel Energy's strategy to achieve financial success through environmental leadership. It summarizes the company's plans to reduce carbon emissions by 2020 through investments in wind, solar, and natural gas generation while expanding demand side management efforts. It also outlines Xcel's goals for annual earnings per share growth of 5-7% and dividend growth of 2-4% through 2020. The capital expenditure forecast estimates spending between $2.1-$2.2 billion annually through 2011 to fund these clean energy investments and system upgrades.
This document summarizes Xcel Energy's strategy to reduce carbon emissions while growing earnings. It outlines plans to increase renewable energy and energy efficiency, upgrade plants, and invest in new natural gas generation and transmission. Specific resource plans for Minnesota and Colorado are detailed that would reduce carbon emissions through 2020. The company expects constructive regulation to support capital investments and rate base growth of 7.5% annually through 2011.
This document provides an overview and summary of Xcel Energy's strategy to reduce carbon emissions while growing earnings. Key points include:
- Xcel aims to achieve annual EPS growth of 5-7% and increase its dividend by 2-4% annually while reducing carbon emissions 30% by 2020.
- Resource plans in Minnesota and Colorado seek approval for increasing renewable energy, demand side management programs, and natural gas generation to reduce carbon emissions.
- Constructive regulation and a pipeline of investment opportunities in areas like transmission, renewables and environmental upgrades provide earnings growth potential.
- Xcel is well positioned geographically and through its diverse portfolio to comply with potential climate change legislation and be an environmental leader.
Xcel Energy is an electric and gas utility company operating in several Midwestern and Western states, with plans to invest over $1 billion per year through 2011 to upgrade its infrastructure and generation facilities. The company aims to grow earnings per share by 5-7% annually through 2009 by increasing its regulated rate base and return on equity through rate cases. Xcel Energy also discusses various regulatory proceedings and cost recovery mechanisms across its jurisdictions.
xcel energy _25/2007EarningsReleasePresentationfinance26
This document summarizes the earnings results of a company for the first quarter of 2007 compared to 2006. Key points include:
- EPS for the quarter was $0.28 compared to $0.36 in 2006, with higher natural gas margins offset by higher expenses.
- Electric margins were flat due to various factors including a rate increase and weather, offset by fuel cost recoveries.
- Gas margins increased $18 million due to weather and rate increases.
- O&M expenses increased $26 million primarily from higher plant outage and employee benefit costs.
- The company reached a settlement in a Texas rate case and has pending gas rate cases in several states.
- 2007 EPS guidance is $1.
The document is a notice for the annual meeting of shareholders of WPS Resources Corporation to be held on May 19, 2005. Shareholders are being asked to vote on:
1) Electing three directors to three-year terms
2) Ratifying the selection of Deloitte & Touche LLP as the independent registered public accounting firm for 2005
3) Approving the 2005 Omnibus Incentive Compensation Plan
4) Approving an amended and restated Deferred Compensation Plan
Shareholders as of March 24, 2005 are entitled to vote. Voting can be done online, by phone, by mail, or in person at the meeting.
This document provides an overview and summary of Xcel Energy's strategy for sustainable growth between 2006-2020. It discusses Xcel's focus on building its core utility business through meeting customer needs, environmental leadership, and constructive regulation. Key initiatives include investments in renewable energy, emissions reductions, and new technologies. The document also summarizes Xcel's recent rate case outcomes, future investment opportunities, sources of cash, and earnings guidance. It outlines Xcel's objectives of 5-7% annual EPS growth and increasing the dividend by 2-4% annually.
This document provides a summary from Dick Kelly, Chairman and CEO of Xcel Energy, at the Edison Electric Institute Financial Conference in November 2006. It discusses Xcel Energy's strategy of building its core utility business through meeting customer needs, environmental leadership, and regulatory and legislative accomplishments. Key points include delivering competitively priced and reliable energy, leading in renewables and emissions reductions, and significant investment opportunities through 2020 to support growth. Earnings guidance of $1.25-1.35 per share is provided for 2006 and $1.35-1.45 for 2007.
George Tyson, Vice President and Treasurer of Xcel Energy, presented at a West Coast seminar on February 15, 2007. He outlined Xcel Energy's strategy of investing in regulated utility operations to meet customer needs, provide environmental leadership, and earn a reasonable return. Significant planned capital investments include projects to upgrade power plants, expand renewable energy and transmission infrastructure, and potentially build an IGCC plant with carbon sequestration. Tyson projected 2007 earnings per share of $1.35 to $1.45.
- Public Service Company of Colorado filed a quarterly report on Form 10-Q with the SEC for the quarter ended September 30, 2007.
- The company reported operating revenues of $781 million for the quarter and $2.78 billion for the nine months ended September 30, 2007.
- Net income for the quarter was $106 million and $210 million for the nine months ended September 30, 2007.
xcel energy 9_4LehmanConfPresentation952007SECfinance26
This document summarizes a presentation given by Ben Fowke, Vice President and CFO of Xcel Energy, at a Lehman Brothers conference on September 5, 2007. Fowke outlines Xcel Energy's value proposition as a low-risk regulated utility with a constructive regulatory environment and opportunities for investment and growth. He highlights recent accomplishments and construction projects coming in on time and on budget. Fowke also discusses Xcel Energy's plans for continued investment, earnings growth, and dividend growth through 2011 while maintaining its investment grade credit ratings.
xcel energy 9_8888LehmanConfPresentation952007SECfinance26
The document is a presentation by Dick Kelly, Chairman and CEO of Xcel Energy, at a Merrill Lynch conference on September 25, 2007. Kelly summarizes Xcel's value proposition as a low-risk regulated utility with opportunities for investment and environmental leadership. He outlines the company's accomplishments in 2007, upcoming capital investment opportunities, and expectations for continued earnings per share growth of 5-7% and dividend growth of 2-4% per year through strong capital expenditure programs and constructive regulation.
xcel energy 9_11EuropeanRoadShowPresentationSeptember2007finance26
This document provides an overview of Xcel Energy's business and financial performance from the perspective of the Vice President and CFO. It summarizes Xcel's operating regions, recent accomplishments, capital investment opportunities, environmental leadership, and financial outlook. The key messages are that Xcel delivers low-risk returns through regulated utilities, has a strong pipeline of investment opportunities, and is positioned to continue delivering earnings and dividend growth through 2011 by executing on its capital plans.
This document summarizes information from a presentation given by Xcel Energy to Canadian investors in May 2007. It outlines Xcel Energy's strategy of focusing on fully regulated utility operations, highlights its leadership in renewable energy and environmental initiatives, and projects sustainable earnings growth of 5-7% through continued capital investment. Regulatory mechanisms allow for recovery of major capital expenditures and fuel costs.
This document summarizes information from a presentation given by Xcel Energy to Canadian investors. It outlines Xcel Energy's strategy of focusing on fully regulated utility operations, highlights their leadership in renewable energy and environmental initiatives, and provides projections showing expected sustainable earnings growth through 2020 driven by continued capital investments. Regulatory mechanisms across their jurisdictions allow for recovery of fuel and purchased power costs as well as major capital investments.
This document discusses Xcel Energy's strategy for sustainable growth through investments in regulated utility operations and environmental leadership. It outlines Xcel's plans to invest in renewable energy, transmission infrastructure, and environmental upgrades. This is expected to drive earnings per share growth of 5-7% annually and annual dividend growth of 2-4%. Regulatory mechanisms allow for recovery of major capital investments.
This document discusses Xcel Energy's strategy for sustainable growth through investments in regulated utility operations. It outlines Xcel's plans to invest in renewable energy, transmission infrastructure, and environmental projects. Xcel expects this capital investment to drive 5-7% annual EPS growth and 2-4% annual dividend growth. The company operates under constructive regulation and has recovery mechanisms that allow passing costs through to customers.
This document provides a summary from Ben Fowke, Vice President and CFO of Xcel Energy, given at the AGA Financial Forum on April 29 - May 1, 2007. It outlines Xcel Energy's strategy of focusing on regulated utility operations to drive sustainable 5-7% EPS growth and 2-4% annual dividend growth. It also highlights Xcel Energy's environmental leadership in wind and other renewable energy, and discusses regulatory matters and major capital projects.
This document provides a summary of Xcel Energy's strategy for sustainable growth through 2022. It outlines Xcel's plans to invest heavily in renewable energy and transmission projects to meet renewable portfolio standards, as well as large coal and nuclear projects. It also discusses Xcel's regulatory strategy of obtaining forward cost recovery for these major investments and notes Xcel's expectation of 5-7% annual earnings growth through 2022.
This document provides an overview of Xcel Energy, an integrated utility company focused on reducing carbon emissions. Key points include:
1) Xcel Energy has plans to significantly reduce carbon emissions by 2020-2030 through investments in renewable resources like wind, solar, and biomass as well as new technologies like smart grids and carbon sequestration.
2) The company operates under constructive regulation with recovery mechanisms for major capital projects and has a strong financial position with consistent earnings growth and dividend increases.
3) Xcel Energy expects to invest over $2 billion per year through 2011 to expand renewable generation, upgrade infrastructure, and extend the life of its nuclear plants, positioning it for continued growth.
xcel energy BAC_Presentation_112007_Finalfinance26
Ben Fowke, Vice President and CFO of Xcel Energy, discusses the company's strategy to achieve financial success through environmental leadership. Xcel aims to stabilize or reduce carbon emissions from electricity by 2020 through renewable energy, energy efficiency, upgrading plants, and evaluating carbon capture technology. This strategy positions the company for anticipated climate regulation while maintaining reasonable customer rates and regulatory support for investments. Fowke outlines capital spending projections and enhanced recovery mechanisms that can deliver earnings and dividend growth.
This document summarizes a presentation given by Dick Kelly, the CEO of Xcel Energy, at a financial conference in 2007. The presentation addresses Xcel Energy's strategy for achieving financial success through environmental leadership as climate change policies emerge. Key points include:
1) Xcel Energy is positioning itself to be a leader in addressing climate change by stabilizing or reducing its carbon emissions by 2020 through investments in renewables, energy efficiency, nuclear and cleaner generation.
2) This strategy is expected to reduce regulatory risk, meet customer and political expectations, and demonstrate environmental leadership which could open investment opportunities.
3) Financial projections show rate base growth of 7.5% annually through 2011 which Xcel Energy expects to
This document provides an overview of Xcel Energy's strategy to achieve financial success through environmental leadership. It summarizes the company's plans to reduce carbon emissions by 2020 through investments in wind, solar, and natural gas generation while expanding demand side management efforts. It also outlines Xcel's goals for annual earnings per share growth of 5-7% and dividend growth of 2-4% through 2020. The capital expenditure forecast estimates spending between $2.1-$2.2 billion annually through 2011 to fund these clean energy investments and system upgrades.
This document summarizes Xcel Energy's strategy to reduce carbon emissions while growing earnings. It outlines plans to increase renewable energy and energy efficiency, upgrade plants, and invest in new natural gas generation and transmission. Specific resource plans for Minnesota and Colorado are detailed that would reduce carbon emissions through 2020. The company expects constructive regulation to support capital investments and rate base growth of 7.5% annually through 2011.
This document provides an overview and summary of Xcel Energy's strategy to reduce carbon emissions while growing earnings. Key points include:
- Xcel aims to achieve annual EPS growth of 5-7% and increase its dividend by 2-4% annually while reducing carbon emissions 30% by 2020.
- Resource plans in Minnesota and Colorado seek approval for increasing renewable energy, demand side management programs, and natural gas generation to reduce carbon emissions.
- Constructive regulation and a pipeline of investment opportunities in areas like transmission, renewables and environmental upgrades provide earnings growth potential.
- Xcel is well positioned geographically and through its diverse portfolio to comply with potential climate change legislation and be an environmental leader.
Xcel Energy is an electric and gas utility company operating in several Midwestern and Western states, with plans to invest over $1 billion per year through 2011 to upgrade its infrastructure and generation facilities. The company aims to grow earnings per share by 5-7% annually through 2009 by increasing its regulated rate base and return on equity through rate cases. Xcel Energy also discusses various regulatory proceedings and cost recovery mechanisms across its jurisdictions.
xcel energy _25/2007EarningsReleasePresentationfinance26
This document summarizes the earnings results of a company for the first quarter of 2007 compared to 2006. Key points include:
- EPS for the quarter was $0.28 compared to $0.36 in 2006, with higher natural gas margins offset by higher expenses.
- Electric margins were flat due to various factors including a rate increase and weather, offset by fuel cost recoveries.
- Gas margins increased $18 million due to weather and rate increases.
- O&M expenses increased $26 million primarily from higher plant outage and employee benefit costs.
- The company reached a settlement in a Texas rate case and has pending gas rate cases in several states.
- 2007 EPS guidance is $1.
The document is a notice for the annual meeting of shareholders of WPS Resources Corporation to be held on May 19, 2005. Shareholders are being asked to vote on:
1) Electing three directors to three-year terms
2) Ratifying the selection of Deloitte & Touche LLP as the independent registered public accounting firm for 2005
3) Approving the 2005 Omnibus Incentive Compensation Plan
4) Approving an amended and restated Deferred Compensation Plan
Shareholders as of March 24, 2005 are entitled to vote. Voting can be done online, by phone, by mail, or in person at the meeting.
This document provides an overview and summary of Xcel Energy's strategy for sustainable growth between 2006-2020. It discusses Xcel's focus on building its core utility business through meeting customer needs, environmental leadership, and constructive regulation. Key initiatives include investments in renewable energy, emissions reductions, and new technologies. The document also summarizes Xcel's recent rate case outcomes, future investment opportunities, sources of cash, and earnings guidance. It outlines Xcel's objectives of 5-7% annual EPS growth and increasing the dividend by 2-4% annually.
This document provides a summary from Dick Kelly, Chairman and CEO of Xcel Energy, at the Edison Electric Institute Financial Conference in November 2006. It discusses Xcel Energy's strategy of building its core utility business through meeting customer needs, environmental leadership, and regulatory and legislative accomplishments. Key points include delivering competitively priced and reliable energy, leading in renewables and emissions reductions, and significant investment opportunities through 2020 to support growth. Earnings guidance of $1.25-1.35 per share is provided for 2006 and $1.35-1.45 for 2007.
George Tyson, Vice President and Treasurer of Xcel Energy, presented at a West Coast seminar on February 15, 2007. He outlined Xcel Energy's strategy of investing in regulated utility operations to meet customer needs, provide environmental leadership, and earn a reasonable return. Significant planned capital investments include projects to upgrade power plants, expand renewable energy and transmission infrastructure, and potentially build an IGCC plant with carbon sequestration. Tyson projected 2007 earnings per share of $1.35 to $1.45.
- Public Service Company of Colorado filed a quarterly report on Form 10-Q with the SEC for the quarter ended September 30, 2007.
- The company reported operating revenues of $781 million for the quarter and $2.78 billion for the nine months ended September 30, 2007.
- Net income for the quarter was $106 million and $210 million for the nine months ended September 30, 2007.
xcel energy 9_4LehmanConfPresentation952007SECfinance26
This document summarizes a presentation given by Ben Fowke, Vice President and CFO of Xcel Energy, at a Lehman Brothers conference on September 5, 2007. Fowke outlines Xcel Energy's value proposition as a low-risk regulated utility with a constructive regulatory environment and opportunities for investment and growth. He highlights recent accomplishments and construction projects coming in on time and on budget. Fowke also discusses Xcel Energy's plans for continued investment, earnings growth, and dividend growth through 2011 while maintaining its investment grade credit ratings.
xcel energy 9_8888LehmanConfPresentation952007SECfinance26
The document is a presentation by Dick Kelly, Chairman and CEO of Xcel Energy, at a Merrill Lynch conference on September 25, 2007. Kelly summarizes Xcel's value proposition as a low-risk regulated utility with opportunities for investment and environmental leadership. He outlines the company's accomplishments in 2007, upcoming capital investment opportunities, and expectations for continued earnings per share growth of 5-7% and dividend growth of 2-4% per year through strong capital expenditure programs and constructive regulation.
xcel energy 9_11EuropeanRoadShowPresentationSeptember2007finance26
This document provides an overview of Xcel Energy's business and financial performance from the perspective of the Vice President and CFO. It summarizes Xcel's operating regions, recent accomplishments, capital investment opportunities, environmental leadership, and financial outlook. The key messages are that Xcel delivers low-risk returns through regulated utilities, has a strong pipeline of investment opportunities, and is positioned to continue delivering earnings and dividend growth through 2011 by executing on its capital plans.
This document summarizes information from a presentation given by Xcel Energy to Canadian investors in May 2007. It outlines Xcel Energy's strategy of focusing on fully regulated utility operations, highlights its leadership in renewable energy and environmental initiatives, and projects sustainable earnings growth of 5-7% through continued capital investment. Regulatory mechanisms allow for recovery of major capital expenditures and fuel costs.
This document summarizes information from a presentation given by Xcel Energy to Canadian investors. It outlines Xcel Energy's strategy of focusing on fully regulated utility operations, highlights their leadership in renewable energy and environmental initiatives, and provides projections showing expected sustainable earnings growth through 2020 driven by continued capital investments. Regulatory mechanisms across their jurisdictions allow for recovery of fuel and purchased power costs as well as major capital investments.
This document discusses Xcel Energy's strategy for sustainable growth through investments in regulated utility operations and environmental leadership. It outlines Xcel's plans to invest in renewable energy, transmission infrastructure, and environmental upgrades. This is expected to drive earnings per share growth of 5-7% annually and annual dividend growth of 2-4%. Regulatory mechanisms allow for recovery of major capital investments.
This document discusses Xcel Energy's strategy for sustainable growth through investments in regulated utility operations. It outlines Xcel's plans to invest in renewable energy, transmission infrastructure, and environmental projects. Xcel expects this capital investment to drive 5-7% annual EPS growth and 2-4% annual dividend growth. The company operates under constructive regulation and has recovery mechanisms that allow passing costs through to customers.
This document provides a summary from Ben Fowke, Vice President and CFO of Xcel Energy, given at the AGA Financial Forum on April 29 - May 1, 2007. It outlines Xcel Energy's strategy of focusing on regulated utility operations to drive sustainable 5-7% EPS growth and 2-4% annual dividend growth. It also highlights Xcel Energy's environmental leadership in wind and other renewable energy, and discusses regulatory matters and major capital projects.
This document provides a summary of Xcel Energy's strategy for sustainable growth through 2022. It outlines Xcel's plans to invest heavily in renewable energy and transmission projects to meet renewable portfolio standards, as well as large coal and nuclear projects. It also discusses Xcel's regulatory strategy of obtaining forward cost recovery for these major investments and notes Xcel's expectation of 5-7% annual earnings growth through 2022.
This document discusses Xcel Energy's strategy to achieve financial success through environmental leadership and reducing carbon emissions. It outlines plans to increase renewable energy and energy efficiency, upgrade plants, and replace coal generation with natural gas and renewable sources. This is projected to reduce carbon emissions by 2020 while maintaining reasonable customer rates and regulatory approval of resource plans. The strategy also aims to deliver annual EPS growth of 5-7% through rate cases and recovery of capital investments in transmission and generation projects.
xcel energy 4_10MinneapolisInvestorMtgSECApril2007finance26
This document summarizes a presentation given by Xcel Energy to investors. It outlines Xcel's strategy of investing in regulated utility infrastructure to drive sustainable earnings growth of 5-7% annually. It highlights Xcel's leadership in renewable energy and environmental initiatives. The presentation also reviews Xcel's constructive regulatory relationships and mechanisms to recover costs and earn fair returns on investments.
xcel energy 4_10MinneapolisInvestorMtgSECApril2007finance26
This document summarizes a presentation given by Xcel Energy to investors. It outlines Xcel's strategy of investing in regulated utility infrastructure to drive sustainable earnings growth of 5-7% annually. It highlights Xcel's leadership in renewable energy and environmental initiatives. The presentation also reviews Xcel's constructive regulatory relationships and mechanisms to recover costs and earn fair returns on investments.
This document provides an overview of Xcel Energy's strategy to align stakeholders and achieve success through 2022. Key points include:
- Xcel Energy is well positioned for renewable energy growth and potential climate policies due to its ability to meet renewable portfolio standards and environmental initiatives across eight states.
- The company forecasts renewable resources such as wind, solar, and biomass will grow substantially to comprise 24% of its energy mix by 2020 compared to 9% in 2007.
- Xcel Energy is seeking rate relief through rider mechanisms and rate cases to recover investments in transmission, renewable generation, and other capital projects aimed at reducing emissions.
- The company expects to deliver 5-7% annual EPS growth and 2
This document provides an overview of Xcel Energy's strategy to align stakeholders and achieve success through 2022. Key points include:
- Xcel Energy is well-positioned for renewable portfolio standards and environmental regulations due to its renewable resources and ability to provide clean energy.
- The company addresses public policy mandates for renewable energy and carbon reduction in its states. It is expanding investment in renewable generation such as wind and solar.
- Xcel Energy forecasts strong rate base and earnings per share growth through 2020 driven by its capital expenditure plans focused on generation, transmission and distribution investments.
- The company maintains constructive regulation with enhanced recovery mechanisms which support its investment opportunities and financial execution.
This document discusses Xcel Energy's strategy for success through stakeholder alignment. It outlines Xcel's ability to meet renewable portfolio standards and environmental goals in its states. It also addresses upcoming public policy issues like potential federal climate legislation. The document details Xcel's growing renewable energy portfolio and transmission investments. It emphasizes Xcel's constructive regulatory environment and financial execution, delivering earnings and dividend growth.
This document discusses Xcel Energy's strategy for success through stakeholder alignment. It notes Xcel's ability to meet renewable energy standards and position itself for potential climate policy. The document outlines Xcel's renewable portfolio, wind and solar development plans, and transmission investments. It emphasizes Xcel's constructive regulatory environment and projected growth in rate base and earnings. The summary highlights Xcel's focus on delivering shareholder value through earnings and dividend growth.
This document provides an overview of Xcel Energy's strategy to align stakeholders through renewable energy development and regulatory policies. It summarizes Xcel's renewable portfolio goals through 2020, including increasing wind and solar capacity. It also discusses the company's transmission investments and constructive regulatory environment, which allow recovery of capital expenditures. Finally, it highlights Xcel's financial execution in delivering earnings and dividend growth.
This document provides an overview of Xcel Energy's strategy to align stakeholders through renewable energy development and regulatory policies. It summarizes Xcel's renewable portfolio goals through 2020, including increasing wind and solar capacity. It also discusses the company's transmission investments and constructive regulatory environment, which allow recovery of capital expenditures. Finally, it highlights Xcel's financial execution in delivering earnings and dividend growth.
This document provides an overview and summary of Xcel Energy's strategy and performance. It discusses Xcel's positioning for renewable energy growth and potential federal climate policy. It also summarizes Xcel's financial performance, delivering 5-7% EPS growth and 2-4% dividend growth. Regulatory developments and rate cases are also addressed.
This document provides an overview and summary of Xcel Energy's strategy and performance. It discusses Xcel's positioning for renewable energy growth and potential federal climate policy. It also summarizes Xcel's financial performance, delivering 5-7% EPS growth and 2-4% dividend growth. Regulatory developments and rate cases are also addressed.
Similar to xcel energy 8_16_2007KohlerPresentation8172007SEC (20)
This document provides an overview and financial projections for Xcel Energy. It discusses Xcel Energy's integrated utility operations, forecasts steady customer and earnings growth, and outlines plans to reduce emissions and refurbish coal plants. It also summarizes Xcel Energy's liquidity and debt refinancing plans, provides 2003 earnings guidance, and outlines priorities including resolving its involvement with bankrupt company NRG.
This document provides an overview and financial projections for Xcel Energy. It discusses Xcel Energy's integrated utility operations, forecasts steady customer and earnings growth, and outlines plans to reduce emissions and refurbish coal plants. It also summarizes Xcel Energy's liquidity and debt refinancing plans, provides 2003 earnings guidance, and outlines priorities including resolving its NRG investment and maintaining its dividend.
This document provides an overview and financial projections for Xcel Energy. It discusses Xcel Energy's integrated utility operations, forecasts steady customer and earnings growth, and outlines plans to reduce emissions and refurbish coal plants. It also summarizes Xcel Energy's liquidity and debt refinancing plans, provides 2003 earnings guidance, and outlines priorities including resolving its involvement with bankrupt company NRG.
This document summarizes Xcel Energy's presentation at the 2003 Banc of America Securities Investment Conference. It outlines Xcel Energy's operations as an integrated utility across multiple US states, financial metrics including earnings growth and dividend yield, efforts to divest from the unprofitable NRG Energy business, and capital expenditure plans including converting coal plants to natural gas to reduce emissions. It also provides guidance for 2003 earnings per share and outlines financing plans to redeem higher interest debt.
This document summarizes Xcel Energy's presentation at the 2003 Banc of America Securities Investment Conference. It outlines Xcel Energy's operations as an integrated utility across multiple US states, its financial performance and guidance, initiatives to reduce emissions in Minnesota, and capital expenditure and financing plans. It highlights Xcel Energy's regulated business model, commitment to dividends, efforts to resolve issues related to its former subsidiary NRG, and expectations for continued earnings growth.
This document summarizes an investor presentation by Xcel Energy on its business operations and financial outlook. It discusses Xcel Energy's integrated utility operations, positive cash flow generation, plans to divest its stake in NRG Energy through bankruptcy proceedings, financial guidance for 2003 including earnings per share, and capital expenditure plans. The presentation also provides comparisons of Xcel Energy's operating metrics to industry peers.
This document provides an overview of Xcel Energy's financial performance and objectives presented at the Edison Electric Institute Financial Conference in October 2003. Key points include: Xcel achieved several accomplishments in 2003 including settling with NRG creditors and maintaining investment grade ratings. Objectives are to invest in utility assets, provide competitive returns, and improve credit ratings. Earnings guidance for 2003 is $1.48-$1.53 per share and $1.15-$1.25 for 2004, driven by utility operations and tax benefits from NRG. The presentation outlines capital expenditures, financing plans, and regulatory strategies.
This document provides an overview of Xcel Energy's financial performance and objectives presented at the Edison Electric Institute Financial Conference in October 2003. Key points include: Xcel achieved several accomplishments in 2003 including settling with NRG creditors and maintaining investment grade ratings. Objectives are to invest in utility assets, provide competitive returns, and improve credit ratings. Earnings guidance for 2003 is $1.48-$1.53 per share and $1.15-$1.25 for 2004, driven by utility operations and tax benefits from NRG. The presentation outlines capital expenditures, financing plans, and regulatory strategies.
This document provides an overview of Xcel Energy from their presentation at the Edison Electric Institute Financial Conference in October 2003. Key points include Xcel achieving several accomplishments in 2003 including settling with NRG creditors, maintaining investment grade ratings, and refinancing debt. Projections for 2004 include earnings of $1.15-1.25 per share assuming NRG emerges from bankruptcy. The presentation outlines Xcel's objectives, investments, regulatory strategy, and earnings drivers to emphasize the company as a low-risk, integrated utility with a total return of 7-8%.
This document provides an overview of Xcel Energy from their presentation at the Banc of America Securities Energy & Power Conference in November 2003. Key points include that Xcel achieved several accomplishments in 2003 including settling with NRG creditors and maintaining investment grade ratings. Objectives for 2004 include investing additional capital in utilities, providing competitive returns to shareholders, and improving credit ratings. Earnings guidance for 2003 is $1.48-$1.53 per share and $1.15-$1.25 per share for 2004.
This document summarizes Xcel Energy's presentation at the Banc of America Securities Energy & Power Conference on November 17-19, 2003. It discusses Xcel Energy's accomplishments in 2003, objectives for investment, earnings growth, and credit ratings improvement. It also provides guidance on projected 2003 and 2004 earnings, cash flows, utility investments, and the expected timeline for NRG's emergence from bankruptcy.
This document summarizes Xcel Energy's presentation at the Banc of America Securities Energy & Power Conference on November 17-19, 2003. It discusses Xcel Energy's accomplishments in 2003, objectives for investment, earnings growth, and credit ratings improvement. It also provides guidance on projected 2003 and 2004 earnings, cash flows, utility investments, and the expected timeline for NRG's emergence from bankruptcy.
This document provides an overview of Xcel Energy Inc. for investors attending the EEI International Financial Conference. It summarizes Xcel's financial performance, business segments, generation assets, environmental commitments, regulatory strategy, and earnings guidance. The presentation outlines Xcel's strengths as a utility, investment merits, and objectives to invest additional capital in its utility business and improve credit ratings while providing competitive returns.
This document provides an overview of Xcel Energy Inc. for investors attending the EEI International Financial Conference. It summarizes Xcel's financial performance, business segments, generation assets, environmental commitments, regulatory strategy, and earnings guidance. The presentation outlines Xcel's strengths as a growing utility, its investment merits, and capital expenditure plans to improve its credit ratings and provide competitive returns.
This document provides an overview of Xcel Energy Inc. for investors attending the EEI International Financial Conference. It summarizes Xcel's business segments, strengths, investment merits, capital investment plans, power supply, environmental commitments, and financial performance. Projections for 2004 earnings per share and cash flow are also presented. Key points include Xcel being the 4th largest US electric and gas utility, a growing service area, low rates, and a goal of providing competitive total returns of 7-9% to shareholders.
Xcel Energy reported improved second quarter 2004 earnings compared to the second quarter of 2003. Net income for the quarter was $86 million, or $0.21 per share, compared to a net loss of $283 million, or $0.71 per share in 2003. Regulated utility earnings from continuing operations improved to $89 million in 2004 from $77 million in 2003. Results from discontinued operations were earnings of $5 million in 2004 compared to losses of $337 million in 2003. The company maintained its annual earnings guidance of $1.15 to $1.25 per share.
This document summarizes a presentation given by Dick Kelly, president and COO of Xcel Energy, at a Lehman Brothers energy conference on September 8, 2004. Kelly outlines Xcel Energy's strategy of investing $900-950 million annually in its utility assets to meet growth, while also pursuing specific generation projects, including a $1 billion coal plant expansion in Colorado. Kelly projects total shareholder return of 7-9% annually through earnings growth of 2-4% and a dividend yield of around 5%.
Wayne Brunetti is the Chairman and CEO of Xcel Energy, a major electric and gas utility. The document discusses Xcel Energy's business strategy, which involves continued investment in its utility assets to meet growth. Key capital projects include a $1 billion emissions reduction program in Minnesota and a proposed $1.3 billion coal plant in Colorado. The summary also provides Xcel Energy's earnings guidance for 2004 and discusses its dividend policy. Brunetti emphasizes that Xcel Energy needs clarity on public policy regarding energy and the environment to effectively plan and invest.
Wayne Brunetti is the Chairman and CEO of Xcel Energy, a major electric and gas utility. The document discusses Xcel Energy's business strategy, which involves continued investment in its utility assets to meet growth. Key capital projects include a $1 billion emissions reduction program in Minnesota and a proposed $1.3 billion coal plant in Colorado. The summary also outlines Xcel Energy's financial metrics, earnings guidance, and dividend policy. Brunetti emphasizes that Xcel Energy needs clarity on public policy regarding energy and the environment to effectively plan and invest.
Wayne Brunetti is the Chairman and CEO of Xcel Energy, a major electric and gas utility. The document discusses Xcel Energy's business strategy, which involves continued investment in its utility assets to meet growth. Key capital projects include a $1 billion emissions reduction program in Minnesota and a proposed $1.3 billion coal plant in Colorado. The summary also provides Xcel Energy's earnings guidance for 2004 and discusses its dividend policy. Brunetti emphasizes that Xcel Energy needs clarity on public policy regarding energy and the environment to effectively plan and invest.
Discover the Future of Dogecoin with Our Comprehensive Guidance36 Crypto
Learn in-depth about Dogecoin's trajectory and stay informed with 36crypto's essential and up-to-date information about the crypto space.
Our presentation delves into Dogecoin's potential future, exploring whether it's destined to skyrocket to the moon or face a downward spiral. In addition, it highlights invaluable insights. Don't miss out on this opportunity to enhance your crypto understanding!
https://36crypto.com/the-future-of-dogecoin-how-high-can-this-cryptocurrency-reach/
The Rise and Fall of Ponzi Schemes in America.pptxDiana Rose
Ponzi schemes, a notorious form of financial fraud, have plagued America’s investment landscape for decades. Named after Charles Ponzi, who orchestrated one of the most infamous schemes in the early 20th century, these fraudulent operations promise high returns with little or no risk, only to collapse and leave investors with significant losses. This article explores the nature of Ponzi schemes, notable cases in American history, their impact on victims, and measures to prevent falling prey to such scams.
Understanding Ponzi Schemes
A Ponzi scheme is an investment scam where returns are paid to earlier investors using the capital from newer investors, rather than from legitimate profit earned. The scheme relies on a constant influx of new investments to continue paying the promised returns. Eventually, when the flow of new money slows down or stops, the scheme collapses, leaving the majority of investors with substantial financial losses.
Historical Context: Charles Ponzi and His Legacy
Charles Ponzi is the namesake of this deceptive practice. In the 1920s, Ponzi promised investors in Boston a 50% return within 45 days or 100% return in 90 days through arbitrage of international reply coupons. Initially, he paid returns as promised, not from profits, but from the investments of new participants. When his scheme unraveled, it resulted in losses exceeding $20 million (equivalent to about $270 million today).
Notable American Ponzi Schemes
1. Bernie Madoff: Perhaps the most notorious Ponzi scheme in recent history, Bernie Madoff’s fraud involved $65 billion. Madoff, a well-respected figure in the financial industry, promised steady, high returns through a secretive investment strategy. His scheme lasted for decades before collapsing in 2008, devastating thousands of investors, including individuals, charities, and institutional clients.
2. Allen Stanford: Through his company, Stanford Financial Group, Allen Stanford orchestrated a $7 billion Ponzi scheme, luring investors with fraudulent certificates of deposit issued by his offshore bank. Stanford promised high returns and lavish lifestyle benefits to his investors, which ultimately led to a 110-year prison sentence for the financier in 2012.
3. Tom Petters: In a scheme that lasted more than a decade, Tom Petters ran a $3.65 billion Ponzi scheme, using his company, Petters Group Worldwide. He claimed to buy and sell consumer electronics, but in reality, he used new investments to pay off old debts and fund his extravagant lifestyle. Petters was convicted in 2009 and sentenced to 50 years in prison.
4. Eric Dalius and Saivian: Eric Dalius, a prominent figure behind Saivian, a cashback program promising high returns, is under scrutiny for allegedly orchestrating a Ponzi scheme. Saivian enticed investors with promises of up to 20% cash back on everyday purchases. However, investigations suggest that the returns were paid using new investments rather than legitimate profits. The collapse of Saivian l
Madhya Pradesh, the "Heart of India," boasts a rich tapestry of culture and heritage, from ancient dynasties to modern developments. Explore its land records, historical landmarks, and vibrant traditions. From agricultural expanses to urban growth, Madhya Pradesh offers a unique blend of the ancient and modern.
KYC Compliance: A Cornerstone of Global Crypto Regulatory FrameworksAny kyc Account
This presentation explores the pivotal role of KYC compliance in shaping and enforcing global regulations within the dynamic landscape of cryptocurrencies. Dive into the intricate connection between KYC practices and the evolving legal frameworks governing the crypto industry.
Mutual Fund Taxation – How Mutual Funds Are Taxeddhvikdiva
Divadhvik explains Mutual Fund Taxation clearly: Equity funds held over a year are taxed at 10% for gains over ₹1 lakh, while short-term gains are taxed at 15%. Debt funds held over three years are taxed at 20% post-indexation. Short-term gains are taxed as per your income slab.
13 Jun 24 ILC Retirement Income Summit - slides.pptxILC- UK
ILC's Retirement Income Summit was hosted by M&G and supported by Canada Life. The event brought together key policymakers, influencers and experts to help identify policy priorities for the next Government and ensure more of us have access to a decent income in retirement.
Contributors included:
Jo Blanden, Professor in Economics, University of Surrey
Clive Bolton, CEO, Life Insurance M&G Plc
Jim Boyd, CEO, Equity Release Council
Molly Broome, Economist, Resolution Foundation
Nida Broughton, Co-Director of Economic Policy, Behavioural Insights Team
Jonathan Cribb, Associate Director and Head of Retirement, Savings, and Ageing, Institute for Fiscal Studies
Joanna Elson CBE, Chief Executive Officer, Independent Age
Tom Evans, Managing Director of Retirement, Canada Life
Steve Groves, Chair, Key Retirement Group
Tish Hanifan, Founder and Joint Chair of the Society of Later life Advisers
Sue Lewis, ILC Trustee
Siobhan Lough, Senior Consultant, Hymans Robertson
Mick McAteer, Co-Director, The Financial Inclusion Centre
Stuart McDonald MBE, Head of Longevity and Democratic Insights, LCP
Anusha Mittal, Managing Director, Individual Life and Pensions, M&G Life
Shelley Morris, Senior Project Manager, Living Pension, Living Wage Foundation
Sarah O'Grady, Journalist
Will Sherlock, Head of External Relations, M&G Plc
Daniela Silcock, Head of Policy Research, Pensions Policy Institute
David Sinclair, Chief Executive, ILC
Jordi Skilbeck, Senior Policy Advisor, Pensions and Lifetime Savings Association
Rt Hon Sir Stephen Timms, former Chair, Work & Pensions Committee
Nigel Waterson, ILC Trustee
Jackie Wells, Strategy and Policy Consultant, ILC Strategic Advisory Board
Economic Risk Factor Update: June 2024 [SlideShare]Commonwealth
May’s reports showed signs of continued economic growth, said Sam Millette, director, fixed income, in his latest Economic Risk Factor Update.
For more market updates, subscribe to The Independent Market Observer at https://blog.commonwealth.com/independent-market-observer.
Vicinity Jobs’ data includes more than three million 2023 OJPs and thousands of skills. Most skills appear in less than 0.02% of job postings, so most postings rely on a small subset of commonly used terms, like teamwork.
Laura Adkins-Hackett, Economist, LMIC, and Sukriti Trehan, Data Scientist, LMIC, presented their research exploring trends in the skills listed in OJPs to develop a deeper understanding of in-demand skills. This research project uses pointwise mutual information and other methods to extract more information about common skills from the relationships between skills, occupations and regions.
[4:55 p.m.] Bryan Oates
OJPs are becoming a critical resource for policy-makers and researchers who study the labour market. LMIC continues to work with Vicinity Jobs’ data on OJPs, which can be explored in our Canadian Job Trends Dashboard. Valuable insights have been gained through our analysis of OJP data, including LMIC research lead
Suzanne Spiteri’s recent report on improving the quality and accessibility of job postings to reduce employment barriers for neurodivergent people.
Decoding job postings: Improving accessibility for neurodivergent job seekers
Improving the quality and accessibility of job postings is one way to reduce employment barriers for neurodivergent people.
3. 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
“anticipate,” “estimate,” “expect,” “projected,” “objective,” “outlook,”
“possible,” “potential” and similar expressions. Actual results may vary
materially. Factors that could cause actual results to differ materially
include, but are not limited to: general economic conditions, including the
availability of credit, actions of rating agencies and their impact on capital
expenditures; business conditions in the energy industry; competitive
factors; unusual weather; effects of geopolitical events, including war and
acts of terrorism; changes in federal or state legislation; regulation; costs
and other effects of legal administrative proceedings, settlements,
investigations and claims including litigation related to company-owned
life insurance (COLI); actions of accounting regulatory bodies; the higher
degree of risk associated with Xcel Energy’s nonregulated businesses
compared with Xcel Energy’s regulated business; and other risk factors
listed from time to time by Xcel Energy in reports filed with the SEC,
including Exhibit 99.01 to Xcel Energy’s report on Form 10-K for year 2006.
4. Value Proposition
• Low risk, fully regulated and integrated utility
• Constructive regulatory environment with enhanced
recovery of major capital projects
• Pipeline of investment opportunities
• Environmental leader, well-positioned
for changing rules
Attractive Total Return
Sustainable 5% – 7% earnings per share growth
~ 4.5%
Dividend yield
Dividend growth of 2% – 4% per year
5. Delivering on Expectations
2007 Accomplishments
• Positive resolution of the COLI program
• Completed the upgrade of the King plant
• Signed 100-MW wind development project
• Filed Certificate of Need for CapX 2020
• Constructive resolutions of rate cases in Colorado,
North Dakota and Texas
• Filed rate cases in Wisconsin and New Mexico
• Increased dividend 3.4%
• Positioned to deliver 2007 earnings from continuing
operations at the high-end or potentially exceeding
guidance range
6. Delivering on Expectations
Strong Construction Management
• Minnesota Emissions Reduction Project
– Approximately 75% of capital spent
– King upgrade completed on schedule
– Project is within 5% of original budget
• Comanche 3
– Approximately 45% of capital spent
– Project is on schedule
– Project is on budget
– Estimated plant cost is approximately $1,400/kw
– Estimated all-in cost is approximately $1,800/kw
7. Capital Investment Opportunities
Capital Expenditures by Function (Dollars in millions)
1,900 1,900 1,850
1,700
1,700
2007 2008 2009 2010 2011
Elec Gen Elec Tran Elec Dist
Gas Nuclear Fuel Common/Other
8. Transmission Expansion - CapX 2020
North Dakota
Minnesota Group I
~
~
Total Cost $1.4 - 1.7 Billion
~
~
Wisconsin Xcel Share $800-900 Million
Certificate of Need Filed
In Service in 2014
Post Group I
South Dakota
In Service 2014 – 2020
Iowa
Group I
Group II
9. CapX 2020 Permitting Timeline
2007 2008 2009 2010
MN Certificate of Need – 345kV Projects
MN Certificate of Need – 345kV Projects
Analyses of Routes
Bemidji 230kV Project Need and Route
Bemidji 230kV Project Need and Route
WI, ND, SD: Need, Route Permits
WI, ND, SD: Need, Route Permits
MN Route Permits
MN Route Permits
Federal Environmental Review
Federal Environmental Review
10. Nuclear Life Extension and Uprate
• Monticello
– Life extension approximately $150 million
– Power uprate approximately $130 million ($1,850/kw)
• 15 MW new capacity in 2009
• 56 MW new capacity in 2011
• Prairie Island
– Life extension approximately $400 million
• Includes Unit 2 steam generator replacement
– Power uprate approximately $320 million ($1,900/kw)
• 82 MW new capacity on Unit 1 in 2012
• 82 MW new capacity on Unit 2 in 2015
11. Nuclear Plant Life Extension
• Federal License Renewal Process
– Complete for Monticello
– Plan to submit Prairie Island applications in 2008
– Expect Prairie Island renewed licenses in 2010
• State Certificate of Need for Spent Fuel Storage
– Complete for Monticello
– Plan to submit Prairie Island application in
December 2007 with completion expected June
2010
12. Enhanced Recovery on Capital Investment
Capital Expenditures ($Millions)
2,000
1,600
1,200
800
400
0
2007 2008 2009 2010 2011
Depreciation
Traditional Enhanced Recovery
13. Delivering on Rate Base Growth
Dollars in Billions
$15.5
$15.1
CAGR = 6% $14.4
$13.7
$12.8
$11.7
2006A 2007 2008 2009 2010 2011
14. Delivering on EPS Growth Objective
2007 Continuing Operations EPS Guidance
$1.30-$1.40 Guidance
$1.30
$1.15 Range
13% >7%
2005 Actual 2006 Actual 2007 Guidance
Utility Operations $1.45 – $1.55
Holding Company & Other (0.15)
Continuing Operations $1.30 – $1.40*
Disc Ops $(0.10) - $(0.08)
Total Xcel Energy $1.20 - $1.32
* Xcel Energy is positioned to deliver 2007 earnings from continuing
operations at the high-end or potentially exceeding guidance range
16. Delivering on Expectations
Additional Catalysts
• Colorado rate case to be filed in fall 2007
– Based on forecast test year
• Resource plans to be filed
– Colorado: October 2007
– Minnesota: December 2007
• Additional capital investment opportunities
• Actions to improve earned ROE in
jurisdictions where we aren’t earning our
authorized return
18. Northern States Power – Minnesota
2006 Financials ($Millions)
North Dakota Minnesota
Earnings Cont. Op $272
Assets $9,079
GAAP ROE 11.2%
Equity Ratio 52.3%
2006 Owned Generation (MW)
(NSP System)
Coal 3,590
South Dakota
Nuclear 1,817
Gas 2,335
Renewable 399
2006 Customers
Electric 1,360,000
2006 Retail Sales
Gas 465,000
(Thousands of Mwh / MMBtu)
Electric 35,923
Gas 70,497
19. NSP-M 2006 Rate Base and ROE
Dollars in Millions W/N
Rate Base Earned ROE
Minnesota Electric $3,599 10.3%
Minnesota Gas 441 6.1
North Dakota Electric 188 8.9
North Dakota Gas 44 7.5
South Dakota Electric 232 NR
Wholesale 27 NR
Total Rate Base $4,531
Regulated Equity Ratio = 51.6%
NR = Not Reported
21. Minnesota Recovery Mechanisms
• Forward test year with interim rates
• MERP rider
• Transmission rider
• Conservation improvement program rider
• Mercury reduction & environmental improvement rider
• RDF rider
• State energy policy rider
• Fuel clause adjustment
• Purchased gas adjustment
22. Dakota’s Recovery Mechanisms
• Forward test year with interim rates (ND)
• Historical test year (SD)
• Environmental rider (ND & SD)
• Transmission rider (ND & SD)
• Fuel clause adjustment (ND & SD)
• Full decoupling on retail natural gas (ND)
23. Public Service Company of Colorado
2006 Financials ($Millions)
Colorado
Earnings Cont. Op $221
Assets $8,363
GAAP ROE 7.8%
Equity Ratio 56.5%
2006 Owned Generation (MW)
Coal 2,656
Gas 1,026
Wind 54
Renewable 358
2006 Customers
2006 Retail Sales
Electric 1,320,000
(Thousands of Mwh / MMBtu)
Gas 1,250,000
Electric 27,198
Gas 125,123
24. PSCo 2006 Rate Base and ROE
Dollars in Millions W/N
Rate Base Earned ROE
Colorado Electric $3,292 7.7%
Colorado Gas 1,106 7.8
Wholesale 418 NR
Total Rate Base $4,816
Regulated Equity Ratio = 60.3%
NR = Not Reported
26. Colorado Recovery Mechanisms
• Ability to file either historical or forecast test years
• Purchased capacity cost adjustment
• Comanche 3 – forward CWIP via general rate case
• Transmission rider
• Renewable energy rider
• IGCC rider (if there is an approved project)
• Demand side management cost adjustment rider
• Air quality improvement rider
• Energy cost adjustment
• Gas cost adjustment
• Partial decoupling on retail natural gas
27. Northern States Power – Wisconsin
Upper Michigan
2006 Financials ($Millions)
Earnings Cont. Op $44
Assets $1,251
GAAP ROE 9.7%
Equity Ratio 57.1%
2006 Owned Generation (MW)
Included in NSP System
Wisconsin
2006 Retail Sales
(Thousands of Mwh / MMBtu)
Electric 6,173
2006 Customers
Gas 14,568
Electric 245,000
Gas 100,000
28. NSP-W 2006 Rate Base and ROE
Dollars in Millions W/N
Rate Base Earned ROE
Wisconsin Electric $556 10.7%
Wisconsin Gas 77 4.6
Wholesale 29 4.4
Michigan Electric 14 8.4
Michigan Gas 3 2.2
Total Rate Base $679
Regulated Equity Ratio = 56.1%
30. Wisconsin Recovery Mechanisms
• Forward test year
• Ability to file for prospective fuel & purchase energy
adjustments (Wisconsin)
• Fuel clause adjustment – wholesale
• Purchased gas adjustment
• Fuel clause factor (Michigan retail)
31. Southwestern Public Service
New Mexico
2006 Financials ($Millions)
Earnings Cont. Op $48
Assets $2,619
GAAP ROE 5.9%
Equity Ratio 49.1%
2006 Owned Generation (MW)
Coal 2,073
Texas
Gas 2,078
2006 Retail Sales
2006 Customers
(Thousands of Mwh / MMBtu)
Electric 385,000
Electric 17,291
32. SPS 2006 Rate Base and ROE
Dollars in Millions
W/N
Rate Base Earned ROE
Texas Electric $977 NR
New Mexico Electric 311 6.2%
Wholesale 404 NR
Total Rate Base $1,692
Regulated Equity Ratio = 50.1%
NR = Not Reported
34. SPS Recovery Mechanisms
• Historical test year (Texas & New Mexico)
• Texas fixed fuel factor recovery
• New Mexico fuel clause adjustment
• Ability to establish interim rates through rate case to
recover capacity costs associated the Lea Power
contract (Texas)
35. Key Take-Aways
• Strong regulatory recovery mechanisms
– Forward test years
– Riders for major capital projects
– Fuel clause and PGA recovery
• Opportunities exist to improve earned ROE in
jurisdictions where we aren’t earning our
authorized return
• Significant capital investment opportunities exist
• We are disciplined portfolio managers
• Capital investment is driven by customer
requirements and economic signals
36. Value Proposition
• Low risk, fully regulated and integrated utility
• Constructive regulatory environment with enhanced
recovery of major capital projects
• Pipeline of investment opportunities
• Environmental leader, well-positioned
for changing rules
Attractive Total Return
Sustainable 5% – 7% earnings per share growth
~ 4.5%
Dividend yield
Dividend growth of 2% – 4% per year
37. Upcoming Analyst Meeting
December 5th
Date:
Location: New York Marriott Marquis
Times Square
Details to follow in the coming weeks
39. Profile
NSP- Minnesota Traditional Regulation
NSP- Wisconsin
47% Net Income
7% Net Income Operate in 8 States
Combination Utility:
• Electric 85% net income
• Gas 15% net income
PSCo
38% Net Income
Customers:
• 3.3 million electric
• 1.8 million gas
2006 Financial Stats:
• NI Cont Op = $548 million
• Assets = $22 billion
SPS • Equity Ratio = 43%
8% Net Income • GAAP ROE = 10.1%
2006 EPS $1.30 continuing operations
2007 Dividend $0.92 per share annualized
40. Xcel Energy Supply Sources
2006 2006 Owned
Energy Supply Mix* Generating Facilities
Gas & Oil Nuclear
Unit Type Units MW
27% 12%
Coal 35 8,182
Renewables
9% Natural Gas 58 4,987
Nuclear 3 1,668
Hydro 83 508
Oil 24 460
RDF 6 67
Coal **
Wind 37 27
52%
Total 15,899
* Includes purchases
** Low-sulfur western coal
Low-sulfur
41. Delivering Competitively Priced Energy
Summer 2006 EEI Typical Bills
Cents per kWh (Retail)
21
18
15
12
9 7.79
6.64 7.01
6
3
0
C
uis City ines City rillo aul ago ver kee nix n D C mi ton York
o
. L ake Mo as ma St. P hic en wau hoe gto Mia Bos ew
St L es ns A s / C D i l P h in N
al t pl h
Ka M as
D M
S W
42. Environmental Leadership
• Number 1 utility wind provider
— 1,300 MW on-line
on-line
— 2,800 MW projected by year-end 2007
year-end
• Over 2,000 MW of conservation and DSM achieved
• One of the largest U.S. solar photovoltaic projects
• Evaluating an IGCC with sequestration
• Reducing emissions and increasing efficiency
— MERP
— Comanche
— Sherco Upgrade Project
• Nuclear life extension and capacity increases
• Member of Dow Jones Sustainability Index
43. Constructive Regulation
2006 rate case outcomes
Dollars in millions
Dollar Increase Return on Equity
Requested Granted Requested Granted
Colorado Gas $34.5 $22.0 11.0% 10.5%
Wisconsin Electric 53.1 43.4 11.9% 11.0%
Wisconsin Gas 7.8 3.9 11.9% 11.0%
Minnesota Electric 156 131/115* 11.0% 10.54%
Colorado Electric 208 151 11.0% 10.5%
* $131 million for 2006 reduced to $115 million in 2007 for large
customer coming on-line January 1, 2007
44. 2007 Rate Cases
Dollars in millions
Dollar Increase Return on Equity
Requested Granted Requested Granted
Colorado Gas $41.9 $32.3 11.0% 10.25%
North Dakota Gas $2.8 $2.3 11.3% 10.75%
Texas Electric $48 $23 11.6% NA
45. Pending Rate Cases
Dollars in millions
Revenue Requested Interim
Jurisdiction Request ROE Rate Decision
Minnesota Gas $16.8 10.75% $15.9 Summer 2007
Wisconsin Electric 67.4 11.0% NA Winter 2007
Wisconsin Gas 5.3 11.0% NA Winter 2007
New Mexico Electric 17.3 11.0% NA Summer 2008
Future Rate Cases:
* Colorado electric rate case filing planned for the fall of 2007
* Texas electric rate case filing planned for 2008
54. Debt Maturities
Dollars in millions
1,200
Xcel
1,000 NSPM
NSPW
800
PSCo
600 SPS
400
200
0
2007 2008 2009 2010 2011 2012 2013 2014 2015
PSCO Xcel Energy
$100M due 3/1/07 @ 7.11% $230M due 11/1/07 @ 7.50%
55. 2006 Rate Base and ROE
W/N
Dollars in Millions
Rate Base Earned ROE
Minnesota Electric $3,599 10.3%
Minnesota Gas 441 6.1
North Dakota Electric 188 8.9
North Dakota Gas 44 7.5
South Dakota Electric 232 NR
Colorado Electric 3,292 7.7
Colorado Gas 1,106 7.8
Wisconsin Electric 556 10.7
Wisconsin Gas 77 4.6
Texas Electric 977 NR
New Mexico Electric 311 6.2
Wholesale 879 NR
Total Rate Base $11,702
NR = Not Reported