HighGravityDataXcel Energy — Feb 6, 2025 release
Fiscal 2024 fourth-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0000072903-25-000023
Showing in the filing
Financing plan - Maturing debt
“$3,730”
Period
FY2025
Measure
Company-defined measure
Source
Guidance table
All guidance in this release · 51
Base capital expenditures - PSCo for FY2026
“$5,190”
Base capital expenditures - PSCo for FY2027
“$3,940”
Base capital expenditures - PSCo for FY2028
“$3,780”
Base capital expenditures - PSCo for FY2029
“$3,550”
Base capital expenditures - PSCo 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”
Base capital expenditures - NSP-Minnesota for FY2029
“$2,570”
Base capital expenditures by function - Elec… for FY2025
“$2,570”
Base capital expenditures by function - Elec… for FY2026
“$3,000”
Base capital expenditures by function - Elec… for FY2027
“$3,400”
Base capital expenditures by function - Elec… for FY2028
“$3,320”
Base capital expenditures by function - Elec… for FY2029
“$3,540”
Base capital expenditures by function - Elec… for FY2025
“15,830”
Base capital expenditures by function - Elec… for FY2025
“12,560”
Total base capital expenditures for FY2028
“$7,570”
Total base capital expenditures for FY2029
“$7,840”
Financing plan - Base capital expenditures for FY2025
“$45,000”
Base capital expenditures - Other for FY2029
“$10”
Base capital expenditures - Other for FY2028
“$10”
Base capital expenditures - Other for FY2027
“$10”
Potential additional capital expenditures be… for FY2025
“$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”
Base capital expenditures by function - Natu… for FY2025
“$800”
Cash proceeds from forward sale agreements a…
“approximately $1.36 billion”
NSP-Minnesota planned resource additions (wi… for FY2030
“3,200 MW of wind, 400 MW of solar and 600 MW of stand-alone storage”
PSCo base sales forecast (compound annual gr… for FY2031
“7% compound annual sales growth”
PSCo low sales forecast (compound annual gro… for FY2031
“3% compound annual sales growth”
PSCo forecasted new generation capacity need for FY2031
“5-14 GW”
PSCo Wildfire Mitigation Plan (WMP) estimate… for FY2025
“approximately $1.9 billion”
SPS projected resource needs (IRP) for FY2030
“approximately 5,300 MW to 10,200 MW”
SPS RFP accredited generation capacity sought for FY2030
“approximately 3,200 MW”
Financing plan - Equity through the Dividend… for FY2025
“$500”
Ongoing earnings (EPS) for FY2025
“$3.75 to $3.85 per share”
Weather-normalized retail electric sales for FY2025
“~3%”
Weather-normalized retail firm natural gas s… for FY2025
“~1%”
Capital rider revenue (net of PTCs) for FY2025
“$260 million to $270 million”
Base capital expenditures by function - Rene… for FY2027
“$260”
O&M expenses for FY2025
“~3%”
Depreciation expense for FY2025
“approximately $210 million to $220 million”
Property taxes for FY2025
“$55 million to $65 million”
Interest expense (net of AFUDC - debt), net … for FY2025
“$165 million to $175 million”
AFUDC - equity for FY2025
“$110 million to $120 million”
Long-term annual EPS growth objective 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)”
Annual dividend increases objective for the long term
“4% to 6%”
Dividend payout ratio target for the long term
“50% to 60%”
Senior secured debt credit ratings target for the long term
“the A range”
Exhibit 99.1 · the passage around this item
… earlier in the release
Current estimated financing plans of Xcel Energy for 2025-2029 (includes the impact of tax credit transferability) (Millions of Dollars) Funding Capital Expenditures Cash from operations (a) $ 25,320 New debt (b) 15,180 Equity through the Dividend Reinvestment and Stock Purchase Program and benefit program 500 Other equity 4,000 Base capital expenditures 2025-2029 $ 45,000 Maturing debt $ 3,730 (a) Net of dividends and pension funding. (b) Reflects a combination of short and long-term debt; net of refinancing. 2024 Financing Activity — During 2024, Xcel Energy and its utility subsidiaries issued the following long-term debt: Issuer Security Amount (Millions of Dollars) Tenor Coupon Xcel Energy Inc. Unsecured Senior Notes $ 800 10 Year 5.50 % PSCo First Mortgage Bonds 1,200 10 Year & 30 Year 5.35 & 5.75 NSP-Minnesota First Mortgage Bonds 700 30 Year 5.40 NSP-Wisconsin First Mortgage Bonds 400 30 Year 5.65 SPS First Mortgage Bonds 600 30 Year 6.00 Xcel Energy issued approximately $1.1 billion of equity through its at-the-market program in 2024. In November 2024, Xcel Energy Inc. entered into forward sale agreements for up to 21.1 million shares of Xcel Energy common stock. The cash proceeds at settlement are expected to be approximately $1.36 billion. 2025 Planned Financing Activities — During 2025, Xcel Energy Inc. and its utility subsidiaries anticipate the following long-term debt issuances: Issuer Security Amount (Millions of Dollars) Expected Tenor Anticipated Timing Xcel Energy Inc. Senior Unsecured Notes $ 1,000 10 Year First Quarter PSCo First Mortgage
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.