HighGravityDataXcel Energy — Oct 31, 2024 release
Fiscal 2024 third-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0000072903-24-000196
Showing in the filing
PSCo base capital expenditures (Total)
“$22,280”
Period
FY2025
Measure
Company-defined measure
Source
Guidance table
All guidance in this release · 40
Ongoing EPS for FY2024
“$3.50 to $3.60”
Ongoing EPS for FY2025
“$3.75 to $3.85”
Long-term annual growth objectives dividend … for the long term
“4 to 6%”
PSCo base capital expenditures (Total) for FY2025
“$22,280”
Total base capital expenditures for FY2025
“$11,000”
Total base capital expenditures for FY2026
“$9,840”
Total base capital expenditures for FY2027
“$8,750”
Electric distribution base capital expenditu… for FY2025
“$15,830”
Total base capital expenditures for FY2028
“$7,570”
Total base capital expenditures for FY2029
“$7,840”
Potential additional capital expenditures be… for FY2025
“approximately $10 billion or greater”
Funding mix for additional capital investment for the long term
“approximately 40% equity and 60% debt”
Funding of additional capital investment
“approximately 40% equity and 60% debt”
Financing plan - Cash from operations for FY2025
“$25,320”
Financing plan - Maturing debt for FY2025
“$3,730”
Financing plan - Equity through the Dividend… for FY2025
“$500”
Weather-normalized retail firm natural gas s… for FY2025
“~1%”
Weather-normalized retail firm natural gas s… for FY2024
“decline by ~1%”
Capital rider revenue increase assumption for FY2024
“$60 million to $70 million (net of PTCs)”
O&M expense growth assumption for FY2024
“3% to 4%”
O&M expenses for FY2024
“3% to 4%”
Depreciation expense for FY2024
“approximately $290 million to $300 million”
Depreciation expense increase assumption for FY2024
“approximately $290 million to $300 million”
Property tax change assumption for FY2024
“expected to decline $10 to $20 million”
Property taxes for FY2024
“$10 to $20 million”
Interest expense (net of AFUDC - debt, net o… for FY2024
“increase $130 million to $140 million”
Interest expense increase assumption for FY2025
“$130 million to $140 million, net of interest income”
Interest expense increase assumption for FY2024
“$130 million to $140 million, net of interest income”
AFUDC - equity for FY2024
“$70 million to $80 million”
AFUDC - equity increase assumption for FY2024
“$70 million to $80 million”
Weather-normalized retail electric sales gro… for FY2025
“~3%”
Capital rider revenue increase assumption for FY2025
“$240 million to $250 million (net of PTCs)”
O&M expense growth assumption for FY2025
“~3%”
O&M expenses for FY2025
“~3%”
Depreciation expense increase assumption for FY2025
“approximately $210 million to $220 million”
Property tax increase assumption for FY2025
“$40 million to $50 million”
AFUDC - equity increase assumption for FY2025
“$120 million to $130 million”
Long-term annual EPS growth for the long term
“6% to 8% based off of $3.55 per share (the mid-point of 2024 original ongoing earnings guidance of $3.50 to $3.60 per share)”
Dividend payout ratio target for the long term
“50% to 60%”
Senior secured debt credit ratings target for the long term
“A range”
Exhibit 99.1 · the passage around this item
… earlier in the release
Commercial paper P-2 A-2 F2 NSP-Minnesota Commercial paper P-1 A-2 F2 NSP-Wisconsin Commercial paper P-1 A-2 F2 PSCo Commercial paper P-2 A-2 F2 SPS Commercial paper P-2 A-2 F2 Capital Expenditures — Base capital expenditures and incremental capital forecasts for Xcel Energy for 2025 through 2029: Base Capital Forecast (Millions of Dollars) By Regulated Utility 2025 2026 2027 2028 2029 Total PSCo $ 5,820 $ 5,190 $ 3,940 $ 3,780 $ 3,550 $ 22,280 NSP-Minnesota 3,240 2,500 2,830 2,080 2,570 13,220 SPS 1,400 1,540 1,280 1,040 1,040 6,300 NSP-Wisconsin 640 650 690 660 670 3,310 Other (a) (100) (40) 10 10 10 (110) Total base capital expenditures $ 11,000 $ 9,840 $ 8,750 $ 7,570 $ 7,840 $ 45,000 (a) Other category includes intercompany transfers for wind and solar generating equipment. Base Capital Forecast (Millions of Dollars) By Function 2025 2026 2027 2028 2029 Total Electric distribution $ 2,570 $ 3,000 $ 3,400 $ 3,320 $ 3,540 $ 15,830 Electric transmission 2,260 2,860 2,740 2,390 2,310 12,560 Renewables 3,360 1,400 260 — — 5,020 Electric generation 1,210 1,150 910 580 620 4,470 Natural gas 800 680 690 630 620 3,420 Other 800 750 750 650 750 3,700 Total base capital expenditures $ 11,000 $ 9,840 $ 8,750 $ 7,570 $ 7,840 $ 45,000 10 The base plan does not include any potential incremental generation or transmission assets that are pending commission approval through a request for proposal (RFP), a resource plan, or from additional data center load, which could result in additional capital expenditures of approximately $10 billion or greater. Xcel Ener
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.