EX-99.03 4 a05-20881_1ex99d03.htm EXHIBIT 99



































 

Searchable text section of graphics shown above

 


 

[LOGO]

 

Executing
The Energy Supply Plan

 

Financial
Performance

 

Regulators/
Legislators

 

Value to
Customers

Environmental
Stewardship

 

 

Invest in Regulated Utility Business

 

David Wilks President – Energy Supply

 


 

Excellence in Generation

 

•                  Strong operational performance

 

•                  Environmental stewardship

 

•                  Strong cost management

 

•                  Proven construction management skills

 


 

Coal Plant Non-Fuel O&M Expense

 

[CHART]

 

Source:     Credit Suisse First Boston November 1, 2005 Report – Costs of Doing Business

 


 

Coal Plant Fuel Expense

 

[CHART]

 

Source:     Credit Suisse First Boston November 1, 2005 Report – Costs of Doing Business

 


 

Nuclear Fuel Expense

 

[CHART]

 

Source:     Credit Suisse First Boston November 1, 2005 Report – Costs of Doing Business

 


 

Xcel Energy Supply Sources

 

2004

Energy Supply Mix*

 

[CHART]

 

*                 Includes purchases

**          Low-sulfur western coal

 

2005 Owned

Generating Facilities

 

Unit Type

 

Number

 

MW

 

Coal

 

36

 

8,138

 

Natural Gas

 

61

 

4,918

 

Nuclear

 

3

 

1,617

 

Hydro

 

83

 

508

 

Oil

 

24

 

492

 

RDF

 

6

 

96

 

Wind

 

—

 

25

*

Total

 

 

 

15,794

 

 

*            Additionally, Xcel Energy purchases 928 MWs of wind power

 


 

NSP Supply Source

 

2004

Energy Supply Mix*

 

[CHART]

 

*                 Includes purchases

**          Low-sulfur western coal

 

2005 Owned

Generating Facilities

 

Unit Type

 

MW

 

Coal

 

3,375

 

Natural Gas

 

 

 

1,758

 

Nuclear

 

 

 

1,617

 

Hydro

 

 

 

266

 

Oil

 

 

 

492

 

RDF

 

 

 

96

 

Total

 

 

 

7,604

 

 


 

PSCo Supply Sources

 

2004

Energy Supply Mix*

 

[CHART]

 

*                 Includes purchases

**          Low-sulfur western coal

 

2005 Owned

Generating Facilities

 

Unit Type

 

MW

 

Coal

 

2,617

 

Natural Gas

 

 

 

982

 

Hydro

 

 

 

242

 

Wind

 

 

 

25

 

Total

 

 

 

3,866

 

 


 

SPS Supply Sources

 

2004

Energy Supply Mix*

 

[CHART]

 

*                 Includes purchases

**          Low-sulfur western coal

 

2005 Owned

Generating Facilities

 

Unit Type

 

MW

 

Coal

 

2,146

 

Natural Gas

 

 

 

2,178

 

Total

 

 

 

4,324

 

 


 

Excellence in Generation

 

•                  Strong operational performance

 

•                  Environmental stewardship

 

•                  Strong cost management

 

•                  Proven construction management skills

 


 

NSP Major Fossil Plant Availability

 

[CHART]

 


 

NSP Nuclear Plant Availability

 

[CHART]

 


 

PSCo Major Fossil Plant Availability

 

[CHART]

 


 

SPS Major Fossil Plant Availability

 

[CHART]

 


 

Excellence in Generation

 

•                  Strong operational performance

 

•                  Environmental stewardship

 

•                  Strong cost management

 

•                  Proven construction management skills

 


 

CAIR and Mercury Compliance Plan

 

•                  Colorado is exempt from CAIR

 

•                  Filed suit contesting inclusion of West Texas in CAIR

 

•                  NSP SO2 credits to last through 2020

 

•                  SPS to purchase SO2 allowances

 

•                  Investment of $50 – 60 million to meet NOX standards at NSP and SPS

 

•                  PSCo expected to meet mercury reduction requirements with Comanche 3 and Comanche 1 & 2 modifications

 

•                  Testing and evaluating approaches to reduce mercury at NSP and SPS

 


 

Environmental Compliance Costs Minimized by Allowance Purchases and Investment

 

[CHART]

 

Note: The curves are conceptual

 


 

NSP Environmental Initiatives

 

[CHART]

 


 

PSCo Environmental Initiatives

 

[CHART]

 


 

SPS Environmental Initiatives

 

[CHART]

 


 

Excellence in Generation

 

•                  Strong operational performance

 

•                  Environmental stewardship

 

•                  Strong cost management

 

•                  Proven construction management skills

 


 

Energy Supply Sourcing Initiatives

 

YTD Delivered Sourcing Savings

 

[CHART]

 

Sourcing Savings (millions)

 

O&M Total

=

 

$

1.0

 

Capital

=

 

$

1.5

 

YTD Total

=

 

$

2.5

 

YE Projections/Negotiated

~

 

$

7.0

 

 

Sourcing Savings

 

•                  Maintenance Repair and Operations (MRO)

 

•                  Turbine Overhaul Initiative

 

Characteristics

 

•                  Provide cost savings

 

•                  Consolidate supply base

 

•                  Includes supplier performance program for continuous improvement

 


 

Energy Supply Plant
Condition Assessment

 

 

 

Equipment

 

Colorado (Overall)
Units

 

Ash

 

Auxiliary

 

Boiler
Water
Makeup

 

Boiler

 

Controls

 

Cooling
Tower

 

Circulating
Water

 

Diesel
Engine

 

Circ Water
Makeup

 

Environmental

 

Electrical

 

Emissions

 

Forebay

 

FGS

 

Fuel
Handling

 

Alamosa 1

 

N

 

Y

 

N

 

N

 

G

 

N

 

N

 

N

 

N

 

G

 

G

 

 

 

N

 

N

 

N

 

Alamosa 2

 

N

 

G

 

N

 

N

 

G

 

N

 

N

 

N

 

N

 

G

 

G

 

 

 

N

 

N

 

N

 

Arapahoe 3

 

Y

 

G

 

G

 

R

 

Y

 

G

 

R

 

N

 

 

 

G

 

Y

 

G

 

N

 

N

 

 

 

Arapahoe 4

 

Y

 

G

 

G

 

Y

 

G

 

R

 

R

 

N

 

G

 

G

 

Y

 

G

 

N

 

N

 

 

 

Cabin Creek A

 

N

 

G

 

N

 

N

 

 

 

N

 

N

 

N

 

N

 

G

 

Y

 

 

 

Y

 

N

 

N

 

Cabin Creek B

 

N

 

G

 

N

 

N

 

 

 

N

 

N

 

N

 

N

 

G

 

Y

 

 

 

Y

 

N

 

N

 

Cameo 1

 

Y

 

G

 

G

 

R

 

Y

 

N

 

R

 

N

 

G

 

G

 

G

 

G

 

N

 

N

 

N

 

Cameo 2

 

Y

 

G

 

G

 

Y

 

Y

 

N

 

R

 

N

 

G

 

G

 

G

 

Y

 

N

 

N

 

N

 

Cherokee 1

 

Y

 

Y

 

Y

 

Y

 

G

 

G

 

G

 

N

 

Y

 

G

 

Y

 

R

 

N

 

 

 

N

 

Cherokee 2

 

Y

 

Y

 

Y

 

Y

 

R

 

G

 

G

 

N

 

Y

 

G

 

G

 

R

 

N

 

 

 

 

 

Cherokee 3

 

Y

 

Y

 

Y

 

Y

 

G

 

G

 

G

 

N

 

Y

 

G

 

G

 

R

 

 

 

G

 

 

 

Cherokee 4

 

Y

 

Y

 

Y

 

G

 

Y

 

G

 

G

 

N

 

Y

 

G

 

G

 

R

 

N

 

G

 

 

 

Comanche 1

 

Y

 

Y

 

Y

 

Y

 

G

 

G

 

Y

 

N

 

Y

 

G

 

Y

 

Y

 

N

 

N

 

 

 

Comanche 2

 

Y

 

Y

 

G

 

Y

 

Y

 

G

 

Y

 

N

 

Y

 

G

 

Y

 

Y

 

N

 

G

 

 

 

Denver Steam

 

N

 

G

 

G

 

Y

 

G

 

N

 

 

 

 

 

N

 

G

 

Y

 

 

 

N

 

N

 

 

 

Fort Lupton 1

 

N

 

G

 

N

 

N

 

G

 

N

 

N

 

N

 

N

 

G

 

G

 

 

 

N

 

N

 

N

 

Fort Lupton 2

 

N

 

G

 

N

 

N

 

G

 

N

 

N

 

N

 

N

 

G

 

G

 

G

 

N

 

N

 

N

 

Fort St Vrain 1

 

N

 

Y

 

G

 

N

 

Y

 

Y

 

Y

 

N

 

G

 

Y

 

Y

 

Y

 

N

 

N

 

N

 

Fort St Vrain 2

 

N

 

G

 

N

 

G

 

G

 

N

 

N

 

N

 

N

 

N

 

G

 

Y

 

N

 

N

 

N

 

Fort St Vrain 3

 

N

 

G

 

N

 

G

 

G

 

N

 

N

 

N

 

N

 

N

 

G

 

G

 

N

 

N

 

N

 

Fort St Vrain 4

 

N

 

G

 

N

 

G

 

G

 

N

 

N

 

N

 

N

 

N

 

G

 

G

 

N

 

N

 

N

 

 

 

 

Equipment

 

Colorado (Overall)
Units

 

Fuel

 

Feedwater

 

CT Water
Makeup

 

Generator

 

Combustion
Turbine

 

Condenser

 

Steam

 

Power
Tunne1

 

Radiators

 

Reservoir

 

Soot
Blowing

 

Plant

 

Support
Equipment

 

Turbine

 

Water Gathering

 

Alamosa 1

 

G

 

N

 

 

 

G

 

G

 

N

 

N

 

N

 

N

 

N

 

N

 

 

 

 

 

G

 

 

 

Alamosa 2

 

G

 

N

 

 

 

G

 

G

 

N

 

N

 

N

 

N

 

N

 

N

 

 

 

 

 

G

 

 

 

Arapahoe 3

 

Y

 

Y

 

 

 

G

 

N

 

Y

 

G

 

N

 

N

 

N

 

Y

 

R

 

 

 

G

 

 

 

Arapahoe 4

 

Y

 

Y

 

 

 

Y

 

N

 

Y

 

G

 

N

 

N

 

N

 

R

 

 

 

 

 

Y

 

 

 

Cabin Creek A

 

N

 

N

 

N

 

G

 

N

 

N

 

N

 

 

 

N

 

 

 

N

 

 

 

 

 

Y

 

N

 

Cabin Creek B

 

N

 

N

 

N

 

G

 

N

 

N

 

N

 

 

 

N

 

 

 

N

 

 

 

 

 

Y

 

N

 

Cameo 1

 

R

 

Y

 

 

 

R

 

N

 

G

 

G

 

N

 

N

 

N

 

Y

 

 

 

 

 

R

 

 

 

Cameo 2

 

R

 

R

 

N

 

R

 

N

 

G

 

G

 

N

 

N

 

N

 

Y

 

 

 

 

 

R

 

 

 

Cherokee 1

 

R

 

Y

 

 

 

G

 

N

 

Y

 

Y

 

N

 

N

 

N

 

G

 

 

 

 

 

Y

 

 

 

Cherokee 2

 

R

 

Y

 

 

 

G

 

N

 

G

 

G

 

N

 

N

 

N

 

G

 

 

 

 

 

Y

 

 

 

Cherokee 3

 

R

 

Y

 

 

 

G

 

N

 

Y

 

G

 

N

 

N

 

N

 

G

 

 

 

 

 

G

 

 

 

Cherokee 4

 

R

 

Y

 

 

 

Y

 

N

 

G

 

G

 

N

 

N

 

N

 

G

 

 

 

 

 

G

 

 

 

Comanche 1

 

G

 

Y

 

N

 

Y

 

N

 

G

 

G

 

N

 

N

 

N

 

Y

 

 

 

 

 

Y

 

 

 

Comanche 2

 

G

 

Y

 

 

 

G

 

N

 

R

 

Y

 

N

 

N

 

N

 

Y

 

 

 

 

 

Y

 

 

 

Denver Steam

 

Y

 

Y

 

 

 

 

 

N

 

N

 

G

 

N

 

 

 

N

 

N

 

 

 

 

 

 

 

 

 

Fort Lupton 1

 

G

 

N

 

N

 

G

 

G

 

N

 

N

 

N

 

N

 

N

 

N

 

 

 

 

 

G

 

 

 

Fort Lupton 2

 

G

 

N

 

N

 

G

 

G

 

N

 

N

 

N

 

N

 

N

 

N

 

 

 

 

 

G

 

N

 

Fort St Vrain 1

 

G

 

 

 

 

 

Y

 

N

 

Y

 

Y

 

N

 

N

 

N

 

N

 

Y

 

G

 

G

 

 

 

Fort St Vrain 2

 

G

 

G

 

N

 

G

 

Y

 

N

 

G

 

N

 

N

 

N

 

N

 

 

 

 

 

N

 

N

 

Fort St Vrain 3

 

G

 

G

 

N

 

G

 

G

 

N

 

N

 

N

 

N

 

N

 

N

 

 

 

 

 

N

 

N

 

Fort St Vrain 4

 

G

 

G

 

N

 

G

 

Y

 

N

 

G

 

N

 

N

 

N

 

N

 

 

 

 

 

N

 

N

 

 


 

Energy Supply Additional

Cost Saving Initiatives

 

Insurance Premiums

 

[CHART]

 

* Year ended June

 

YTD 2005

Cost Savings

 

Insurance premium

 

$

2.6

 M

 

 

 

 

Vendor management meetings

 

1.3

 

 

 

 

 

MRO alliances

 

0.6

 

 

 

 

 

Total savings

 

$

4.5

 M

 


 

Energy Supply Material Inventory

 

[CHART]

 


 

Excellence in Generation

 

•                  Strong operational performance

 

•                  Environmental stewardship

 

•                  Strong cost management

 

•                  Proven construction management skills

 


 

Completed Construction Projects

 

[GRAPHIC]

 

Fort St. Vrain

 

 

 

•      737 MWs

 

 

 

•      Completed May 2001; on-time and within budget

 

 

 

Black Dog 5

 

[GRAPHIC]

 

 

•      162 MWs

 

 

 

•      Completed November 2002; on-time and within budget

 

 


 

Prairie Island Steam Generators Replaced

 

[GRAPHIC]

 

•                  Two units, 1076 MWs which began commercial operation late 1973/1974

 

•                  Steam generators replaced on unit 1 November 2004 after 30 years of operations

 

•                  Project completed on time and within budget

 


 

NSP New Gas Units

 

[GRAPHIC]

 

Blue Lake

 

•                  2 combustion turbine peaking units totaling 320 MWs installed

 

•                  Online May 2005; on time and under budget

 

•                  Capacity factors of 16% and 18% from June through August

 

Angus Anson

 

•                  One 160 MW combustion turbine peaking unit installed

 

•                  Online May 2005; on time and under budget

 

•                  Capacity factor of 25% for June through August

 


 

NSP MERP — King Plant

 

Artist Rendering

One Unit – 571 MWs

 

[GRAPHIC]

 

•                  Detailed design work is 65% complete

 

•                  Piling work is complete; foundation installation work continues

 

•                  First permanent support steel was set on August 3, as scheduled

 

•                  SCR and AQCS components continue to be received at the site. Initial SCR ductwork was installed during September outage

 

•                  Scheduled for commercial operations May 2007

 


 

NSP MERP — High Bridge Plant

 

Artist Rendering

575 MWs

 

[GRAPHIC]

 

•                  Signed contract for purchase of 2 CTs and 1 steam turbine. Resulted in $40 million savings

 

•                  Gas pipeline awarded to NSP Gas

 

•                  All permits have been issued and site remediation work began August 2005

 

•                  Full construction release

 

•                  Project planned to be completed by May 2008

 


 

NSP MERP — Riverside Plant

 

Artist Rendering

520 MWs

 

[GRAPHIC]

 

•                  Asbestos abatement, mercury and lead removal activities underway on old section

 

•                  Began site development study in April 2005

 

•                  Permitting and equipment design began in Fall 2005

 

•                  In-service scheduled for May 2009

 


 

PSCo Comanche 3

 

Artist Rendering

One Unit – 750 MWs Net

 

[GRAPHIC]

 

•      PUC approval January 2005

 

•      Major contracts signed for turbine generator, boiler and air quality control system – within budget

 

•      Air permit approved July 15, 2005

 

•      Began construction in October 2005. Major contractors start May 2006

 

•      Construction completed fall 2009 at a total cost of $1.35 billion

 

•      New unit

 

$

1.073

B 

•      Transmission

 

$

150

M

•      Retrofit 1 & 2

 

$

127

M

 


 

NSP Nuclear Relicensing Status

 

Monticello

 

•                  Minnesota PUC, legislative and NRC approvals expected 2006 – 2007

 

•                  Life Cycle modifications to be installed 2008 – 2012, projected capital cost of $150 – 200 million

 

Prairie Island

 

•                  Begin license application to the NRC and Minnesota Legislature in 2008

 

•                  Life Cycle modifications under evaluation

 

•                  Approvals expected 2010 – 2011

 


 

Energy Supply Capital

Expenditures 2001 – 2009

 

[CHART]

 


 

Excellence in Generation

 

•                  Strong operational performance

 

•                  Environmental stewardship

 

•                  Strong cost management

 

•                  Proven construction management skills