First Quarter 2015 Earnings Release Presentation April 30, 2015
EPS Results 0.52 0.52 0.46 0.30 Ongoing EPS GAAP EPS 2014 Q1 2015 Q1 First quarter 2015 ongoing earnings exclude a charge of 0.16 per share related to the Monticello life cycle management/extended power uprate project. 1
2015 Highlights Increased the dividend 6.7% Increased our annual dividend growth objective to 5% - 7% Resolved major regulatory proceedings - providing revenue certainty and reducing regulatory overhang Colorado electric…
Xcel Energy Strategic Plan Objectives Measurable Results Improve Utility Close ROE gap 50 bps by 2018 Performance Derive 75% of revenue from MYPs Drive Operational Manage workforce transition Excellence Limit annual O&M growth to…
EPS Results by Operating Company First Quarter 2015 2014 PSCo 0.22 0.24 NSP-Minnesota 0.16 0.21 NSP-Wisconsin 0.05 0.05 SPS 0.04 0.04 Equity earnings 0.01 0.01 Regulated utility 0.48 0.55 Holding company and other (0.02) (0.03)…
EPS Change from Prior Year First Quarter 2014 GAAP and ongoing diluted EPS 0.52 Higher electric margins 0.05 Lower conservation and DSM program expenses* 0.03 Higher depreciation and amortization (0.03) Higher O&M expenses (0.03)…
Electric Margin Change from Prior Year Dollars in millions First Quarter 2015 vs. 2014 Non-fuel riders 34 Retail rate increases 23 Earnings test refund 11 Transmission revenue, net of costs 7 NSP-Wisconsin fuel recovery 7 Estimated…
Natural Gas Margin Change from Prior Year Dollars in millions First Quarter 2015 vs. 2014 Estimated impact of weather (17) Conservation and DSM program revenues (offset by expenses) (7) Integrity rider (CO) and infrastructure rider…
O&M Expenses Change from Prior Year Dollars in millions First Quarter 2015 vs. 2014 Plant generation costs 17 Nuclear plant operations 4 Employee benefits 4 Other, net 1 Total increase in O&M expenses 26 8
Minnesota Multi-Year Electric Rate Case Resolved in March NSP-Minnesota filed a two-year, electric rate case seeking a revised net increase of 221 million over two years The filing was based on a requested ROE of 10.25%, a 52.5%…
Minnesota Multi-Year Electric Rate Case Outcome (millions of dollars) NSP-M ALJ MPUC NSP-Minnesotas original request 192.7 192.7 192.7 Sales forecast (trued up to weather-normalized sales in 2014) (38.5) (38.5) (38.5) ROE (ALJ =…
Monticello EPU/LCM Prudence Filing Resolved in March Original estimate was 320 million and final cost was 665 million (total capitalized costs were 748 million, which includes AFUDC) In March 2015, the MPUC made the following…
Colorado Multi-year Electric Rate Case Resolved in February PSCo requested a 2015 rate increase of 107 million (3.8%), based on an ROE of 10.25%, an equity ratio of 56%, and a rate base of 6.39 billion In February 2015, the CPUC…
South Dakota 2015 Electric Rate Case Seeking a 2015 electric rate increase of 15.6 million Requested ROE of 10.25% and equity ratio of 53.86% Average rate base of 433 million 2013 historic test year with known and measurable…
Texas 2015 Electric Rate Case Seeking a revised 2015 electric rate increase of 58.9 million Based on a June 2014 historic test year with known and measurable adjustments ROE of 10.25% and equity ratio of 53.97% Electric rate base…
Colorado Multi-Year Gas Rate Case Request 2015 2016 2017 Rate Increase 40.5 million 7.6 million 18.1 million PSIA Increase (.01) million 21.7 million 21.2 million ROE 10.1% 10.1% 10.3% Rate Base 1.26 billion 1.31 billion 1.36…
2015 Ongoing Earnings Guidance Ongoing EPS Guidance Range: 2.00 2.15 Key Assumptions Changes Earnings Driver Previous Current W/A Natural Gas Sales Decrease 2% Increase 0% to 1% Capital Rider Revenue Increase 160-170 million Increase…
Upcoming 2015 Second Quarter Events Deutsche Bank Conference: May 12 AGA Financial Forum: May 17-19 Xcel Energy Annual Meeting: May 20 17
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