Xcel Energy 2009 Annual Report Download - page 84

Capital Requirements
Utility Capital Expenditures — The estimated cost of the capital expenditure programs of Xcel Energy and its
subsidiaries, excluding discontinued operations, and other capital requirements for the years 2010 through 2013 are
shown in the tables below.
2010 2011 2012 2013
(Millions of Dollars)
By Subsidiary
NSP-Minnesota ..................................... $1,220 $1,240 $1,000 $1,440
NSP-Wisconsin ..................................... 135 155 160 160
PSCo ........................................... 610 600 710 815
SPS ............................................ 270 295 255 260
Total capital expenditures ............................. $2,235 $2,290 $2,125 $2,675
By Function 2010 2011 2012 2013
Electric generation ................................... $ 345 $ 425 $ 405 $ 570
Electric transmission .................................. 465 480 725 915
Electric distribution .................................. 405 405 440 475
Wind........................................... 460 390 — —
Gas ............................................ 170 190 180 205
Nuclear fuel ....................................... 95 105 140 100
Nuclear uprate and life extension .......................... 130 145 75 240
Common and other .................................. 165 150 160 170
Total capital expenditures ............................. $2,235 $2,290 $2,125 $2,675
By Project 2010 2011 2012 2013
Base and other capital expenditures ........................ $1,530 $1,415 $1,450 $1,600
NSP-Minnesota wind generation .......................... 460 390 — —
Nuclear capacity increases and life extension ................... 130 145 75 240
NSP-Minnesota wind transmission and CapX 2020 .............. 65 160 385 545
Jones repowering .................................... 20 75 35 —
Transmission projects ................................. 15 85 160 115
Sherco capacity increases ............................... 15 15 — 15
High Plains Express .................................. — 5 10 50
Black Dog repowering ................................. — — 10 110
Total capital expenditures ............................. $2,235 $2,290 $2,125 $2,675
Many of the states in which Xcel Energy operates have enacted RESs, which may require significant increases in
investment in renewable generation and transmission. Xcel Energy is able to meet these standards by either purchasing
renewable power from an independent party or by owning the assets. Therefore, these standards may present Xcel
Energy with the opportunity to increase its investment in wind generation and transmission assets. As a result, Xcel
Energy’s capital expenditure forecast, as detailed above, may increase due to potential increased investments for
renewable generation and transmission assets.
The capital expenditure programs of Xcel Energy are subject to continuing review and modification. Actual utility
construction expenditures may vary from the estimates due to changes in electric and natural gas projected load growth,
regulatory decisions and approvals, the desired reserve margin and the availability of purchased power, as well as
alternative plans for meeting Xcel Energy’s long-term energy needs. In addition, Xcel Energy’s ongoing evaluation of
restructuring requirements, compliance with future environmental requirements and RPSs to install emission-control
equipment, and merger, acquisition and divestiture opportunities to support corporate strategies may impact actual
capital requirements. See additional discussion in Item 1 — Electric Utility Operations.
74