Xcel Energy 2011 Annual Report Download - page 82

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72
Commercial paper outstanding for Xcel Energy was as follows:
(Amounts in Millions, Except Interest Rates)
Three Months
Ended
Dec. 31, 2011
Borrowing limit ................................
..................
$
2,450
Amount outstanding at period end................................
..
219
Average amount outstanding ................................
......
165
Maximum amount outstanding................................
.....
241
Weighted average interest rate, computed on a daily basis
............
0.35
%
Weighted average interest rate at end of period
......................
0.40
(Amounts in Millions, Except Interest Rates)
Twelve Months
Ended
Dec. 31, 2011
Twelve Months
Ended
Dec. 31, 2010
Twelve Months
Ended
Dec. 31, 2009
Borrowing limit ................................
...................
$
2,450
$
2,177
$ 2,177
Amount outstanding at period end................................
...
219
466
459
Average amount outstanding ................................
.......
430
2
63
406
Maximum amount outstanding................................
......
824
653
675
Weighted average interest rate, computed on a daily basis
0.36
%
0.36
% 0.95%
Weighted average interest rate at end of period
.......................
0.40
0.40
0.36
Commercial paper borrowings during 2011 were used for general operating activities, capital expenditures, redemption of
preferred stock and timing differences between debt maturities and refinancings.
Credit Facilities — During 2011, NSP-Minnesota, NSP-Wisconsin, PSCo, SPS and Xcel Energy Inc. executed new four-year
credit agreements. The total capacity of the credit facilities increased approximately $273 million to $2.45 billion. As of Feb. 17,
2012, Xcel Energy Inc. and its utility subsidiaries had the following committed credit facilities available to meet its liquidity
needs:
(Millions of Dollars) Facility (a) Drawn (b) Available Cash Liquidity
Xcel Energy Inc.
.........................
$
800.0 $
244.1 $
555.9
$
0.1 $
556.0
PSCo ................................
....
700.0 5.0
695.0
44.1 739.1
NSP-Minnesota
..........................
500.0 7.6
492.4
0.5 492.9
SPS ................................
.....
300.0 -
300.0
0.8 300.8
NSP-Wisconsin
..........................
150.0 49.0
101.0
1.1 102.1
Total ................................
..
$
2,450.0 $
305.7 $
2,144.3
$
46.6 $
2,190.9
(a) These credit facilities expire March 2015.
(b) Includes outstanding commercial paper and letters of credit.
Money Pool — Xcel Energy received FERC approval to establish a utility money pool arrangement with the utility subsidiaries,
subject to receipt of required state regulatory approvals. The utility money pool allows for short-term investments in and
borrowings between the utility subsidiaries. Xcel Energy Inc. may make investments in the utility subsidiaries at market-based
interest rates; however, the money pool arrangement does not allow the utility subsidiaries to make investments in Xcel Energy
Inc. The money pool balances are eliminated during consolidation.
NSP-Minnesota, PSCo and SPS participate in the money pool pursuant to approval from their respective state regulatory
commissions. NSP-Wisconsin does not participate in the money pool.