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
SPS projected resource needs (IRP)
“approximately 5,300 MW to 10,200 MW”
Period
FY2030
Measure
Company-defined measure
Source
Prose
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
SPS — New Mexico Resource Plan (IRP) — In October 2023, SPS filed its IRP with the New Mexico Public Regulation Commission (NMPRC), which supports projected load growth and increasing reliability requirements, and secures replacement energy and capacity for retiring resources. SPS’ projected resource needs ranging from approximately 5,300 MW to 10,200 MW by 2030. In February 2024, the NMPRC accepted the IRP. In July 2024, SPS issued a RFP, seeking approximately 3,200 MW of accredited generation capacity by 2030. The total capacity to be added to the system is expected to align with the range identified in the SPS IRP, depending on the types of resources proposed in the RFP and their accredited capacity factors. The RFP portfolio selection is expected in May 2025. SPS is expected to file for a certificate of need for the recommended portfolio in the summer of 2025. The Public Utility Commission of Texas (PUCT) and NMPRC are expected to rule on the portfolio in 2026. SPS — System Resiliency Plan — In December 2024, SPS filed its Texas System Resiliency Plan (SRP) with the PUCT. Consistent with PUCT requirements, SPS’ proposed plan discusses resiliency-related risks and the five measures that have been designed to help SPS prevent, withstand, mitigate or more promptly recover from resiliency events, including wildfire. The SRP includes the following measures: • Distribution overhead hardening — Replacing and reinforcing key components of the distribution overhead system. • Distribution system protection modernization — Installing enh
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.