1) Xcel Energy held its 2006 annual shareholders meeting on May 17, 2006. The meeting addressed the election of directors, ratification of auditors, and a proposal to separate the roles of Chairman and CEO.
2) Xcel Energy reported 2005 earnings of $499 million and first quarter 2006 earnings of $150 million. The company projected 2006 earnings between $1.25-$1.35 per share.
3) Xcel Energy outlined plans to invest $5 billion over 4 years to improve infrastructure and the environment, including emission reduction projects, transmission upgrades, and renewable energy investments. This would help earn the company's authorized rate of return.
4) Xcel Energy highlighted its commitment to environmental compliance, voluntary
40. FIRST QUARTER 2006 RESULTS
Earnings from continuing operations of:
$150 MILLION
36 CENTS PER SHARE
Total earnings of:
$151 MILLION
36 CENTS PER SHARE
2006 EARNINGS GUIDANCE OF $1.25 to $1.35
41. BEN FOWKE
Vice President
& Chief Financial Officer
42. XCEL ENERGY VALUE PROPOSITION
Growing dividend
5% to 7% earnings growth
10% to 12% total return
43. AVERAGE TOTAL RETURN
25
Top 25% of the Industry
24.4%
20
15
16.0%
10
5
0
XCEL ENERGY UTILITY INDUSTRY
44. BEN FOWKE
Vice President
& Chief Financial Officer
45. BUILDING THE CORE
Invest in our core businesses
Earn a return on that investment
46. BUILDING THE CORE
Investing in our core businesses
$5 billion over 4 years
Strong environmental component
Regulatory certainty regarding recovery
48. ENVIRONMENTAL IMPROVEMENTS
Comanche Station Projected Emissions and Generation
18000
Pre-Project
15000
Post-Project
12000
9000
6000
3000
0
Electricity
SO2 NOX
Production
(Tons/year) (Tons/year)
(GWh/year)
49. King Plant
High Bridge Plant
Riverside Plant
INVESTING IN OUR CORE BUSINESSES
Minnesota Emission Reduction Project
50. INVESTING IN OUR CORE BUSINESSES
Minnesota Emission Reduction Project
Reduce SO2 and NOX by more than 90%
Reduce mercury by almost 80%
Meets energy needs
Recovery approved
54. BUILDING THE CORE
Earning our authorized return
Natural gas cases in Wisconsin, Minnesota
and Colorado
Electric case in Wisconsin
Interim electric rates in Minnesota
Electric case in Colorado
