Fourth Quarter 2014 Earnings Release Presentation January 29, 2015
EPS Results 1.95 2.03 2.03 1.91 0.30 0.39 0.30 0.39 Ongoing EPS Q4 GAAP EPS Q4 Ongoing EPS GAAP EPS Year End Year End 2013 2014 2013 GAAP EPS includes a charge of 0.04 per share associated with FERC complaint orders 1
2014 Highlights Achieved EPS in upper half of guidance range Managed O&M growth within guidance range Better-than-expected weather-adjusted electric sales growth of 1.3% Updated five-year capital forecast drives rate base growth…
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 Fourth Quarter Year End 2014 2013 2014 2013 PSCo 0.18 0.15 0.90 0.91 NSP-Minnesota 0.17 0.12 0.80 0.79 SPS 0.03 0.04 0.26 0.23 NSP-Wisconsin 0.03 0.01 0.14 0.12 Equity earnings 0.01 0.01 0.04 0.04…
EPS Change from Prior Year Fourth Quarter Year End 2013 GAAP diluted EPS 0.30 1.91 SPS 2004 FERC complaint case orders - 0.04 2013 Ongoing diluted EPS 0.30 1.95 Higher electric margins * 0.11 0.26 Higher natural gas margins 0.01 0.06…
Electric Margin Change from Prior Year Dollars in millions Fourth Quarter Year End 2014 vs. 2013 2014 vs. 2013 Retail rate increases* 36 129 Non-fuel riders 19 57 Conservation and DSM revenues (offset by expenses) 11 44 Transmission…
Natural Gas Margin Change from Prior Year Dollars in millions Fourth Quarter Year End 2014 vs. 2013 2014 vs. 2013 Retail rate increases (CO) 3 19 PSIA rider (partially offset in O&M expenses) 3 14 Retail sales growth (excluding…
O&M Expenses Change from Prior Year Dollars in millions Fourth Quarter Year End 2014 vs. 2013 2014 vs. 2013 Nuclear plant operations and amortization 11 36 2013 gain on sale of transmission assets 14 14 Transmission costs (2) 4…
Pending Regulatory Cases Requested Rate Case Requested Increase Expected Decision ROE 221 million Minnesota Electric 10.25% 2015 Q1 Over Two Years South Dakota Electric 16 million 10.25% Mid-2015 Texas Electric 65 million 10.25%…
Minnesota Multi-Year Electric Rate Case NSP-Minnesota filed a two-year, electric rate case seeking a revised net increase of 221 million over two years The filing is based on a requested ROE of 10.25%, a 52.5% equity ratio, a 2014…
Monticello EPU/LCM Prudence Filing Original estimate was 320 million and final cost was 665 million Monticello uprate & life extension was a sound investment Rebuilt plant provides customer value through 2030 Essential for carbon…
South Dakota 2015 Electric Rate Case Seeking a 2015 electric rate increase of 15.6 million, or 8.0% Requested ROE of 10.25% Equity ratio of 53.86% Average rate base of 433 million 2013 historic test year with known and measurable…
Colorado 2015 Electric Rate Case Requested a 2015 rate increase of 107 million (3.8%), based on a 2015 test year, an ROE of 10.25%, an equity ratio of 56% and an electric rate base of 6.39 billion In January 2015, the parties reached…
Texas 2015 Electric Rate Case Requested a 2015 electric rate increase of 64.75 million, or 6.7% Based on a June 2014 historic test year with known and measurable adjustments ROE of 10.25% Electric rate base of 1.56 billion Equity…
2015 Ongoing Earnings Guidance Ongoing EPS Guidance Range: 2.00 2.15 Key Assumptions Earnings Driver Previous Current Capital Rider Revenue * Increase 65-75 million Increase 160-170 million Property Taxes Increase 75-85 million…
Upcoming 2015 First Quarter Events UBS Conference: Mar. 4 Morgan Stanley Conference: Mar. 5 Barclays Conference: Mar. 18 16
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