Xcel Energy 2015 Annual Report Download - page 113
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5. Joint Ownership of Generation, Transmission and Gas Facilities
Following are the investments by Xcel Energy Inc.’s utility subsidiaries in jointly owned generation, transmission and gas facilities
and the related ownership percentages as of Dec. 31, 2015:
(Thousands of Dollars) Plant in
Service Accumulated
Depreciation CWIP Ownership %
NSP-Minnesota
Electric Generation:
Sherco Unit 3 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 590,048 $ 386,675 $ 4,984 59%
Sherco Common Facilities Units 1, 2 and 3 . . . . . . . . . . . . . . . . . 145,825 93,583 47 80
Sherco Substation. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4,790 3,054 — 59
Electric Transmission:
Grand Meadow Line and Substation . . . . . . . . . . . . . . . . . . . . . . . 9,248 1,451 — 50
CapX2020 Transmission . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 947,674 107,985 68,834 51
Total NSP-Minnesota . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 1,697,585 $ 592,748 $ 73,865
(Thousands of Dollars) Plant in
Service Accumulated
Depreciation CWIP Ownership %
NSP-Wisconsin
Electric Transmission:
CapX2020 Transmission . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 154,394 $ 6,863 $ 1,633 80%
La Crosse, Wis. to Madison, Wis. . . . . . . . . . . . . . . . . . . . . . . . . . — — 18,894 37
Total NSP-Wisconsin . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 154,394 $ 6,863 $ 20,527
(Thousands of Dollars) Plant in
Service Accumulated
Depreciation CWIP Ownership %
PSCo
Electric Generation:
Hayden Unit 1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 155,159 $ 69,679 $ 147 76%
Hayden Unit 2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 121,486 61,780 20,840 37
Hayden Common Facilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 37,756 17,910 321 53
Craig Units 1 and 2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 60,158 36,570 8,518 10
Craig Common Facilities 1, 2 and 3 . . . . . . . . . . . . . . . . . . . . . . . 37,418 18,520 505 7
Comanche Unit 3 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 892,340 95,029 452 67
Comanche Common Facilities. . . . . . . . . . . . . . . . . . . . . . . . . . . . 23,826 1,430 894 82
Electric Transmission:
Transmission and other facilities, including substations . . . . . . . . 152,460 62,324 5,378 Various
Gas Transportation:
Rifle, Colo. to Avon, Colo. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19,928 7,165 — 60
Gas Transportation Compressor. . . . . . . . . . . . . . . . . . . . . . . . . . . 8,353 124 127 50
Total PSCo . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 1,508,884 $ 370,531 $ 37,182
NSP-Minnesota and PSCo have approximately 517 MW and 820 MW of jointly owned generating capacity, respectively. Each
Company’s share of operating expenses and construction expenditures are included in the applicable utility accounts. Each of the
respective owners is responsible for providing its own financing.
6. Income Taxes
Consolidated Appropriations Act, 2016 - In December 2015, the Consolidated Appropriations Act, 2016 (Act) was signed into law.
The Act provides for the following:
• Immediate expensing, or “bonus depreciation,” of 50 percent for property placed in service in 2015, 2016, and 2017; 40
percent for property placed in service in 2018; and 30 percent for property placed in service in 2019. Additionally, some
longer production period property placed in service in 2020 will be eligible for bonus depreciation;
• PTCs at 100 percent of the credit rate ($0.023 per KWh) for wind energy projects that begin construction by the end of 2016;
80 percent of the credit rate for projects that begin construction in 2017; 60 percent of the credit rate for projects that begin
construction in 2018; and 40 percent of the credit rate for projects that begin construction in 2019. The wind energy PTC was
not extended for projects that begin construction after 2019;