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.
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how to sell pi coins at high rate quickly.DOT TECH
Where can I sell my pi coins at a high rate.
Pi is not launched yet on any exchange. But one can easily sell his or her pi coins to investors who want to hold pi till mainnet launch.
This means crypto whales want to hold pi. And you can get a good rate for selling pi to them. I will leave the telegram contact of my personal pi vendor below.
A vendor is someone who buys from a miner and resell it to a holder or crypto whale.
Here is the telegram contact of my vendor:
@Pi_vendor_247
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how to sell pi coins in all Africa Countries.DOT TECH
Yes. You can sell your pi network for other cryptocurrencies like Bitcoin, usdt , Ethereum and other currencies And this is done easily with the help from a pi merchant.
What is a pi merchant ?
Since pi is not launched yet in any exchange. The only way you can sell right now is through merchants.
A verified Pi merchant is someone who buys pi network coins from miners and resell them to investors looking forward to hold massive quantities of pi coins before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
US Economic Outlook - Being Decided - M Capital Group August 2021.pdfpchutichetpong
The U.S. economy is continuing its impressive recovery from the COVID-19 pandemic and not slowing down despite re-occurring bumps. The U.S. savings rate reached its highest ever recorded level at 34% in April 2020 and Americans seem ready to spend. The sectors that had been hurt the most by the pandemic specifically reduced consumer spending, like retail, leisure, hospitality, and travel, are now experiencing massive growth in revenue and job openings.
Could this growth lead to a “Roaring Twenties”? As quickly as the U.S. economy contracted, experiencing a 9.1% drop in economic output relative to the business cycle in Q2 2020, the largest in recorded history, it has rebounded beyond expectations. This surprising growth seems to be fueled by the U.S. government’s aggressive fiscal and monetary policies, and an increase in consumer spending as mobility restrictions are lifted. Unemployment rates between June 2020 and June 2021 decreased by 5.2%, while the demand for labor is increasing, coupled with increasing wages to incentivize Americans to rejoin the labor force. Schools and businesses are expected to fully reopen soon. In parallel, vaccination rates across the country and the world continue to rise, with full vaccination rates of 50% and 14.8% respectively.
However, it is not completely smooth sailing from here. According to M Capital Group, the main risks that threaten the continued growth of the U.S. economy are inflation, unsettled trade relations, and another wave of Covid-19 mutations that could shut down the world again. Have we learned from the past year of COVID-19 and adapted our economy accordingly?
“In order for the U.S. economy to continue growing, whether there is another wave or not, the U.S. needs to focus on diversifying supply chains, supporting business investment, and maintaining consumer spending,” says Grace Feeley, a research analyst at M Capital Group.
While the economic indicators are positive, the risks are coming closer to manifesting and threatening such growth. The new variants spreading throughout the world, Delta, Lambda, and Gamma, are vaccine-resistant and muddy the predictions made about the economy and health of the country. These variants bring back the feeling of uncertainty that has wreaked havoc not only on the stock market but the mindset of people around the world. MCG provides unique insight on how to mitigate these risks to possibly ensure a bright economic future.
when will pi network coin be available on crypto exchange.DOT TECH
There is no set date for when Pi coins will enter the market.
However, the developers are working hard to get them released as soon as possible.
Once they are available, users will be able to exchange other cryptocurrencies for Pi coins on designated exchanges.
But for now the only way to sell your pi coins is through verified pi vendor.
Here is the telegram contact of my personal pi vendor
@Pi_vendor_247
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
how to sell pi coins effectively (from 50 - 100k pi)DOT TECH
Anywhere in the world, including Africa, America, and Europe, you can sell Pi Network Coins online and receive cash through online payment options.
Pi has not yet been launched on any exchange because we are currently using the confined Mainnet. The planned launch date for Pi is June 28, 2026.
Reselling to investors who want to hold until the mainnet launch in 2026 is currently the sole way to sell.
Consequently, right now. All you need to do is select the right pi network provider.
Who is a pi merchant?
An individual who buys coins from miners on the pi network and resells them to investors hoping to hang onto them until the mainnet is launched is known as a pi merchant.
debuts.
I'll provide you the Telegram username
@Pi_vendor_247
Poonawalla Fincorp and IndusInd Bank Introduce New Co-Branded Credit Cardnickysharmasucks
The unveiling of the IndusInd Bank Poonawalla Fincorp eLITE RuPay Platinum Credit Card marks a notable milestone in the Indian financial landscape, showcasing a successful partnership between two leading institutions, Poonawalla Fincorp and IndusInd Bank. This co-branded credit card not only offers users a plethora of benefits but also reflects a commitment to innovation and adaptation. With a focus on providing value-driven and customer-centric solutions, this launch represents more than just a new product—it signifies a step towards redefining the banking experience for millions. Promising convenience, rewards, and a touch of luxury in everyday financial transactions, this collaboration aims to cater to the evolving needs of customers and set new standards in the industry.
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how can I sell pi coins after successfully completing KYCDOT TECH
Pi coins is not launched yet in any exchange 💱 this means it's not swappable, the current pi displaying on coin market cap is the iou version of pi. And you can learn all about that on my previous post.
RIGHT NOW THE ONLY WAY you can sell pi coins is through verified pi merchants. A pi merchant is someone who buys pi coins and resell them to exchanges and crypto whales. Looking forward to hold massive quantities of pi coins before the mainnet launch.
This is because pi network is not doing any pre-sale or ico offerings, the only way to get my coins is from buying from miners. So a merchant facilitates the transactions between the miners and these exchanges holding pi.
I and my friends has sold more than 6000 pi coins successfully with this method. I will be happy to share the contact of my personal pi merchant. The one i trade with, if you have your own merchant you can trade with them. For those who are new.
Message: @Pi_vendor_247 on telegram.
I wouldn't advise you selling all percentage of the pi coins. Leave at least a before so its a win win during open mainnet. Have a nice day pioneers ♥️
#kyc #mainnet #picoins #pi #sellpi #piwallet
#pinetwork
The secret way to sell pi coins effortlessly.DOT TECH
Well as we all know pi isn't launched yet. But you can still sell your pi coins effortlessly because some whales in China are interested in holding massive pi coins. And they are willing to pay good money for it. If you are interested in selling I will leave a contact for you. Just telegram this number below. I sold about 3000 pi coins to him and he paid me immediately.
Telegram: @Pi_vendor_247
what is the future of Pi Network currency.DOT TECH
The future of the Pi cryptocurrency is uncertain, and its success will depend on several factors. Pi is a relatively new cryptocurrency that aims to be user-friendly and accessible to a wide audience. Here are a few key considerations for its future:
Message: @Pi_vendor_247 on telegram if u want to sell PI COINS.
1. Mainnet Launch: As of my last knowledge update in January 2022, Pi was still in the testnet phase. Its success will depend on a successful transition to a mainnet, where actual transactions can take place.
2. User Adoption: Pi's success will be closely tied to user adoption. The more users who join the network and actively participate, the stronger the ecosystem can become.
3. Utility and Use Cases: For a cryptocurrency to thrive, it must offer utility and practical use cases. The Pi team has talked about various applications, including peer-to-peer transactions, smart contracts, and more. The development and implementation of these features will be essential.
4. Regulatory Environment: The regulatory environment for cryptocurrencies is evolving globally. How Pi navigates and complies with regulations in various jurisdictions will significantly impact its future.
5. Technology Development: The Pi network must continue to develop and improve its technology, security, and scalability to compete with established cryptocurrencies.
6. Community Engagement: The Pi community plays a critical role in its future. Engaged users can help build trust and grow the network.
7. Monetization and Sustainability: The Pi team's monetization strategy, such as fees, partnerships, or other revenue sources, will affect its long-term sustainability.
It's essential to approach Pi or any new cryptocurrency with caution and conduct due diligence. Cryptocurrency investments involve risks, and potential rewards can be uncertain. The success and future of Pi will depend on the collective efforts of its team, community, and the broader cryptocurrency market dynamics. It's advisable to stay updated on Pi's development and follow any updates from the official Pi Network website or announcements from the team.
What website can I sell pi coins securely.DOT TECH
Currently there are no website or exchange that allow buying or selling of pi coins..
But you can still easily sell pi coins, by reselling it to exchanges/crypto whales interested in holding thousands of pi coins before the mainnet launch.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and resell to these crypto whales and holders of pi..
This is because pi network is not doing any pre-sale. The only way exchanges can get pi is by buying from miners and pi merchants stands in between the miners and the exchanges.
How can I sell my pi coins?
Selling pi coins is really easy, but first you need to migrate to mainnet wallet before you can do that. I will leave the telegram contact of my personal pi merchant to trade with.
Tele-gram.
@Pi_vendor_247
1. Success Through
Stakeholder Alignment
AGA Meetings
October 2, 2008
2. 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; actions
of accounting regulatory bodies; 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 2007.
3. Why We are Positioned for Success
Ability to meet state RPS and environmental
initiatives
Well positioned for potential Federal climate
policy
Uniquely able to provide clean energy to
customers and hedge against fuel price
volatility
Renewable portfolio extends the decision time
horizon for new base load generation
Geographic advantage
4. Addressing Public Policy
State legislative mandates and goals
Minnesota: 30% RPS mandate by 2020
30% carbon reduction goal by 2025
Colorado: 20% RPS mandate by 2020
20% carbon reduction goal by 2020
New Mexico: 20% RPS mandate by 2020
10% carbon reduction goal by 2020
Wisconsin: 10% RPS mandate by 2015
Texas: 5% RPS mandate by 2015
Expanding emphasis on DSM and conservation
Emerging Federal climate policy
If Lieberman Warner Bill had passed:
• 21% carbon reduction by 2020
• 31% carbon reduction by 2030
• 75% carbon reduction by 2050
Federal climate policy likely in the next administration
6. Wind Development
Minnesota
Propose adding 2,600 MW by 2020
in Resource Plan
NSP 500 MW Wind RFP
Colorado
Propose adding 800 MW by 2015 in Resource Plan
PSCo 100-150 MW Wind RFP
7. NSP-Minnesota Wind Opportunities
NSP 500 MW Wind RFP
Issued December 2007
Bids received in March 2008
Currently negotiating with wind developers
Evaluating new wind generation resources
CBED projects contracted via PPA’s and build-
transfer agreements
Potential ownership in North Dakota
Capital expenditure forecast could increase if
negotiations result in ownership of wind projects
8. Solar Development
Central Solar
Alamosa Central Solar Plant 8.2 MW
Resource Plan expands solar
Current RFP 75 MW
Potential RFP’s 600 MW
Distributed Solar
Solar*Rewards
8.5 MW / 1,600+ installations
Accepted additional 5 MW for 2009
Resource Plan expands solar
63.5 MW Customer-sited by 2015
9. Transmission Investment
Net book value of $2.4 billion at year-end 2007
17,619 miles of transmission pole lines
#3 in total transmission pole miles
232 miles of transmission pole lines added in 2007
Capital Expenditure in $millions
$600
$500
$500
$390
$400
$325
$300
$300
$200
$100
$0
2008 2009 2010 2011
10. Rate Base Growth Drives EPS*
Dollars in billions
CAGR = 7.3%
$16.6
$15.4
$14.5
$13.7
$12.5
2007A 2008F 2009F 2010F 2011F
* Growth based on middle of capital forecast range
announced in October 2007
11. Constructive Regulation
Transmission riders – CO, MN, ND, SD
Renewable riders – CO, MN
MERP rider – MN
Conservation/DSM riders – CO, MN
Environmental riders – MN, ND, SD
Capacity rider – CO
Comanche 3 forward CWIP via general rate case – CO
IGCC rider – CO
Air quality improvement rider – CO
12. Projected Rider Revenue
Dollars in millions
240
Metro Emissions Reduction Project (MN)
Air Quality Improvement Rider (CO)
$195
200 Renewable Energy Standard (MN)
Transmission Rider (CO) $166
Transmission Rider (MN)
160
120 $107
$73
80
40
0
2006 2007 2008 2009
13. Recovery on Capital Expenditures*
Dollars in millions
2,800
$2,350
2,400
$2,150
$2,000
$1,900
2,000
1,600
1,200
800
400
0
2008 2009 2010 2011
Depreciation
Traditional Recovery Enhanced Recovery
* Capital expenditure forecast based on middle of range
14. Pending Rate Cases
Requested Status
North Dakota Electric June 2008 Pending
$17.9 million Fall 2008
10.75% ROE Interim rates
SPS Wholesale March 2008 Pending
$14.9 million Fall 2008
12.2% ROE
Texas Electric June 2008 Pending
$61.3 million overall Qtr 1 2009
11.25% ROE
NSP-Wisconsin August 2008 Pending
Limited Reopener Qtr 4 2008
$47.1 million
15. Financial Execution
Delivering on 5 – 7% EPS Growth
Guidance Range
2005 – 2008 CAGR = 9.3% $1.45 – $1.55
$1.43
$1.30
$1.15
2005 2006 2007 2008
Ongoing* Ongoing* Ongoing* Guidance
* Ongoing EPS excludes the impacts of COLI and disc ops.
A reconciliation to GAAP earnings is included in the appendix.
** Estimated CAGR is based on middle of 2008 guidance range
16. Financial Execution
Delivering 2 – 4% Dividend Growth*
Annualized dividend per share
2004 – 2008 CAGR = 3.4%
$0.95
$0.92
$0.89
$0.86
$0.83
2004 2005 2006 2007 2008
* Xcel Energy increased the dividend by 3¢ on May 21, 2008
17. Strong Access to Credit Markets in 2008
Hold Co - issued $400 million of retail hybrid securities
with a 7.6% coupon in January
NSP-Minnesota - issued $500 million of first mortgage bonds
with 10 year maturity and 5.25% coupon in March
PSCo - issued $600 million of first mortgage bonds in August:
10 year tranche with a 5.8% coupon
30 year tranche with a 6.5% coupon
NSP-Wisconsin – issued $200 million of first mortgage bonds
with 30 year maturity and 6.375% coupon in September
Potential debt issuances: 2nd half 2008
SPS: Up to $250 million of unsecured debt
18. Equity Issuance
Issued 17.25 million shares in September 2008
Proceeds of approximately $345 million
Why now?
Fund capital expenditure growth plan
Keeps balance sheet strong
Prudently took advantage of a stable period in a
disruptive capital market
Took equity off the table based on current capital forecast
Do we see the need for future equity beyond DRIP?
Depends on level of capital expenditures
Preserving credit metrics
Potential for hybrids
Potential asset sales
19. Value Proposition
Low risk, fully regulated and integrated utility
Constructive regulation with enhanced recovery
of major capital projects
Pipeline of investment opportunities
Environmental leader, well–positioned
for changing rules
Attractive Total Return
Sustainable annual EPS growth of 5% – 7%
with upside potential
Strong dividend yield of ~ 4.6%
Sustainable annual dividend growth of 2% – 4%
21. Company Profile
Traditional Regulation
NSP-Wisconsin
Operate in 8 States
NSP-Minnesota 6% of earnings *
40% of earnings *
Combination Utility
Electric 85% of net income
Gas 15% of net income
PSCo
49% of earnings * Customers
3.3 million electric
1.8 million gas
SPS 2007 Financial Statistics
5% of earnings * NI Ongoing: $612 million
NI GAAP: $577 million
* Percentages based on 2007 Ongoing Earnings
Assets: $23 billion
Equity ratio: 43%
2007 EPS Ongoing: $1.43; GAAP: $1.35
2008 Dividend $0.95 per share annualized
22. Reconciliation –
Ongoing EPS to GAAP
Dollars per share
2007
2005 2006
Ongoing Earnings $1.15 $1.30 $1.43
PSRI/COLI 0.05 0.05 (0.08)
Continuing Operations $1.20 $1.35 $1.35
Disc Ops 0.03 0.01 –
GAAP Earnings $1.23 $1.36 $1.35
As a result of the termination of the COLI program, Xcel Energy’s management
Energy’s
believes that ongoing earnings provide a more meaningful comparison of earnings
comparison
results between different periods in which the COLI program was in place and is
more representative of Xcel Energy’s fundamental core earnings power.
Energy’s
Xcel Energy’s management uses ongoing earnings internally for financial planning
Energy’s planning
and analysis, for reporting of results to the Board of Directors, in determining
Directors,
whether performance targets are met for performance-based compensation,
performance-based
and when communicating its earnings outlook to analysts and investors.
investors.
24. Debt Maturities
Dollars in millions
$1,200
SPS
$1,000 PSCo
NSPW
$800
NSPM
$600 Xcel Energy
$400
$200
$0
2008 2009 2010 2011 2012 2013 2014 2015
25. Credit Ratings
Secured Unsecured
Fitch Moody’s S&P Fitch Moody’s S&P
Holding Co. – – – BBB+ Baa1 BBB
NSPM A+ A2 A A A3 BBB
NSPW A+ A2 A A A3 BBB+
PSCo A A3 A A– Baa1 BBB
A–
SPS – – – BBB+ Baa1 BBB+
26. Geographic Competitive Advantage
Biomass Resource
Wind Resource
Source: National Renewable Energy Laboratory
Solar Resource
Wind Density
High
Low
Xcel Energy
States Served
28. Smart Grid Pilot Project
Pilot project in Boulder, Colorado:
Five major partners
Total project cost ~ $100 million
Xcel Energy portion ~ $15 million
Build out completed in 2009
Scope:
Smart meters
Real time, high speed, two–way communications
Intelligent home/smart appliances
Demand Side Management
Distributed generation
Renewable energy sector growth
Energy storage devices
29. Regulatory Results
Rate relief granted 2006-2007: $400 million
2006 Minnesota electric rate case: $131 million
2006 Colorado electric rate case: $151 million
2006 Wisconsin gas and electric rate cases: $47 million
2007 Colorado gas rate case: $32 million
Other: $39 million
30. 2008 Regulatory Outcomes
Requested Approved
New Mexico Electric December 2007 August 2008
$17.3 million $10.7 million
11.0% ROE 10.18% ROE
PSCo Wholesale February 2008 Settlement
Base rates $8.8 million $6.5 million
CWIP $3.7 million Blackbox
11.5% ROE
31. 2007 Rate Base and ROE
Weather Normalized
Dollars in millions
Rate Base Earned ROE
Minnesota Electric $4,054 11.02%
Minnesota Gas 456 7.74
North Dakota Electric 202 2.96
North Dakota Gas 44 7.66
South Dakota Electric 251 9.28
Colorado Electric 3,569 10.09
Colorado Gas 1,096 10.45
Wisconsin Electric 554 8.33
Wisconsin Gas 77 8.59
Texas Electric 940 4.61*
New Mexico Electric** 276 2.24*
Wholesale 982 Not Reported
Total Rate Base $12,501
* Texas and New Mexico ROE’s are actual earned, not weather normalized
** Results impacted by fuel disallowance
32. Strong Corporate Governance
Independent Lead Director
Annual election of all directors
12 independent directors on 13 person board
Management compensation aligned with
shareholders – stock ownership guidelines:
CEO ownership 5x annual base salary
CFO/Other Officers ownership 3x base salary