Xcel Energy 2010 Annual Report Download - page 137

Download and view the complete annual report

Please find page 137 of the 2010 Xcel Energy annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 172

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153
  • 154
  • 155
  • 156
  • 157
  • 158
  • 159
  • 160
  • 161
  • 162
  • 163
  • 164
  • 165
  • 166
  • 167
  • 168
  • 169
  • 170
  • 171
  • 172

127
The schedule is as follows:
● Intervenor direct testimony due June 20, 2011;
● Rebuttal testimony due July 22, 2011;
● Evidentiary hearings due Aug. 9-12, 2011;
● Initial briefs due Sept. 16, 2011;
● Reply brief and findings due Sept. 30, 2011; and
● NDPSC order due Nov. 16, 2011.
NSP-Wisconsin
Pending and Recently Concluded Regulatory Proceedings — PSCW
Base Rate
NSP-Wisconsin 2010 Electric Rate Case Reopener — In August 2010, NSP-Wisconsin filed a request with the PSCW to reopen
the 2010 rate case and increase retail electric rates for 2011 by $29.1 million, or 5.4 percent, based on a forecast 2011 test
year. In January 2011, the PSCW issued its final decision in the case, approving an increase of $21.1 million, or 3.9 percent. The
new rates went into effect on Jan. 15, 2011.
PSCo
Pending and Recently Concluded Regulatory Proceedings — CPUC
Base Rate
PSCo 2010 Electric Rate Case — In December 2009, the CPUC approved a rate increase of approximately $128.3 million;
however, due to the delay in Comanche Unit 3 coming online, the CPUC approved PSCo’s proposal to phase in the approved
electric rate increase to reflect the actual cost of service. In the first quarter of 2011, the CPUC reconsidered several matters at
PSCo’s request and increased that amount by $2.2 million, resulting in an overall rate increase of approximately $130 million.
Under the plan, the following increases have been implemented:
● A rate increase of $67 million was implemented on Jan. 1, 2010.
● In May 2010, base rates were increased to recover $125 million annually, when Comanche Unit 3 went into service.
● Base rates increased to recover approximately $130 million annually on Jan. 1, 2011, to reflect 2011 property taxes.
A second phase of the rate case addressed changes to rate design. The new rates, approved by the CPUC, went into effect on June
1, 2010. In this phase of the proceeding, the CPUC approved tiered summer rates for residential customers and seasonally
differentiated rates for other customer classes, which will impact the timing of revenue collection, as compared to the previous
rate design, depending on customer response. Year-to-date electric revenues and margin were positively impacted by
approximately $31 million, related to the implementation of such rate design and seasonal rates. Seasonal rates are designed to be
revenue neutral on an annual basis. However, the quarterly pattern of revenue collection is expected to be different than in the
past as seasonal rates are higher in the summer months and lower throughout the remainder of the year.
PSCo 2010 Gas Rate Case — In December 2010, PSCo filed a request with the CPUC to increase Colorado retail gas rates by
$27.5 million, effective in the summer of 2011. The request was based on a 2011 forecast test year, a 10.90 percent ROE, a rate
base of $1.1 billion and an equity ratio of 57.10 percent. PSCo also proposed that beginning in 2012, it be allowed to recover
certain compliance and aging infrastructure costs through a pipeline integrity rider.
Electric, Purchased Gas and Resource Adjustment Clauses
TCA Rider — In November 2010, PSCo filed its annual TCA rider, to adjust the amounts recovered in the rider based on updated
plant balances. The filing increased rates by $9.0 million, effective Jan. 1, 2011.