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TRANSCRIPT
Total Taxes
Total Operating Revenues
Total Expenses
AFDC Debt
AFDC Equity
Net Income 658447
Rate of Return RORTotal Operating Income 658447
Total Rate Base
ROR Operating Income Rate Base
Return on Equity ROEl
Net Operating Income 658447
Debt Interest Rate Base Wmghted Cost of Debt
Earifings Available for Common 658447
iRate Base jate Base pity
ROE earnings for Common Equity
Revenue Deficiency
Required Operating Income Rate Base Required Return
Net Oeerating Income
Operating Income Deficiency
Revenue Convereon Factor 1/1 Conposite Tax Rate 1705611
Revenue Deficiency Income Deficiency Conversion Factor
Total Revenue Requirements
464607
1123054
464607
Total Retai Revenues
Revenue Dehcieiic
Total Revenue Requirements
MN
Co
Northern States Power CompanyElectnc Revenue
Other Electnc Revenue 2015 Brtdge 2013 Actual
and 2014 Actual
2016 Other Revenue
Adj 2016 Budget 2014 Actuate 2013 Actuate 2015 Bndge
MN State
MN
Co
MN
State
MN
Co
MN
State
RETURNCHECKCHARGES 331222 264341
30 248444 294225 258304 284797 249697
MISC SERVICE
RE
V
BA
D DEBT..LC
-LV GAIIcL3SS
CF c2X.L 24
31 73S
JTFPfli1CV liiND5OlJ..iCLl 5a4.820 544A2 61513.224 8130.754 1103/353 30117Flitl 5ta18t51 5588135
OT
I
rI
80
14 2Nfl SOU13cL R/Cc..R 70678 790675
CiLR i3C FV-S Mj
LLI tiLViA_AR3S1J VJAS22
i1
3.118 11318 535353
462
525
5t1
5135
42 hCSl1i
732
722
57
FR
81 itrv
51
rsa
22
45
43
iii 211 2811
32
2C
75S
22 St33
St
ITER LC
RrV
551 qsrt 410222 4221152
ii ls 4S .19.520
322
815
OTHFR ELEC
RE
V Twirr scin
18
230
131
019
52
rc
a5
OTHLR 4E
V Rec.nyc
cs 780000 780000
21
222
.5
443
25
OTHERELLCkLV 22ICA.\1FRETSCARRYINGCHARGE 13
OTHER ELEC
RE
V STATEOFMN4OTHER FLEC
RE
V TRANSMISS
ON ConstructIon
02
46 285
967
13 4918
OTHERELECREV EEIMUTUALAID 1291 31009781i 140678
OTHER ELEC
RE
V
Red Wing Port 5033
OTHER ELEC
RE
V COMM RELOC IS 607 6650 5773
OTHER ELEC
RE
V ZONAL RESOURCE C.REE
883
180
771
262
OTHER ELEC
RE
V Hedg
29
148
OTHER EE
C
rE
V Puchae Pwcr 14074 12293
OTHER ELEC
RE
V
ND Pray
For Rate Refund
and
Nuc Dcom Refund
OTHER ELEC
RE
V
RE
C Sates
OTHER ELEC
RE
V Aillant Tranamisslor
OTHER
El
EC
RE
V KING PLANT
Other Electnc Revenue Total Other 8238
902
seI5ne$evHtmo 53jft45
t$ Lt44Other EEectric Revenue Total after exclustons 094282
Year average after exclueion
BC
D 3198324
Adjustmcnt based
on Year Average after
exc 104043
Notes
OTHER ELE
RE
V
ND SOURCE Th Item excluded from Other Electric Operating Revenue
in the rate ease
See Volume Test Year Workpapers
Tab
Ri Revenue Summary Page
Ri
OTHFR FLFC
RF
V SFRV FIlIAl AD.l This tern evrlrirted from
the test year
if
hd1ctcd1
sc well sc
1iircthrtsnel etimeit rrpcItIriq cell therefore chooll
cls
be esrltded
frm
the year average
STATE
OF
MN SALES revenue co Stains
OM Agreement revenue
and Lncrgy Plus Servlce5 Revenue
121973
54832
1202
426
476
5750
18988
2915148
95789
71
005
790
966
95943
12075923
6041
831
7994075
L14462D2849455
3972509
1123
054
692
320
83978
12710135t2
6572
943
76949
85202
266039
1968688
74736
7360044
500688
52
947
6233349
1584453
500090
46247
6973985
4U
flO
SIQ
1va
paw
aain
aj
czy
Rate Case Adjustments
NSPM Electric
OM State
of Minnesota
SUMMARY
Retiree Medical
Qualified Pension
Total Adjustments
NSPM Electric
OM State
of Minnesota
2016 2017 2018
376048 336489 29686217991 2087 657796
358056 334403 360934
Rate Case Adjustments
NSPM Electric
OM State
of Minnesota
MN
Total Cost
Percent
to
electric
OM
Amount
to
electric
OM
Percent
to state
of
MN
Amount
to state
of
MN
2016
8.19.15 5.7.15
Retiree Medical
Using year Retiree
Average Medical from Change
Discount Rate Budget Adjustment
1922000 2501000 57900060.88% 60.88% 60.88%
1170209 1522733 35252487.07% 87.07% 87.07%
1018930 1325882 306951
2017
8.19.15 5.7.15
Retiree Medical
Using year Retiree
Average Medical from Change
Discount Rate Budget Adjustment
1720000 2242000 52200060.74% 60.74% 60.74%
1044780 1361858 31707987.07% 87.07% 87.07%
909716 1185804 276088
2018
8.19.15 5.7.15
Retiree Medical
Using year Retiree
Average Medical from Change
Discount Rate Budget Adjustment
1508000 1971000 46300060.80% 60.80% 60.80%
916829 1198322 28149387.07% 87.07% 87.07%
798306 1043409 245103
XE
S
Total Cost
Percent
to
electric
OM
Amount
to
electric
OM
Percent
to state
of
MN
Amount
to state
of
MN
1211000 1499000 28800027.55% 27.55% 27.55%
333675 413030 7935587.07% 87.07% 87.07%
290539 359635 69096
1201000 1456000 25500027.57% 27.57% 27.57%
331059 401351 7029287.07% 87.07% 87.07%
288262 349466 61205
1180000 1402000 22200027.61% 27.61% 27.61%
325769 387058 6128987.07% 87.07% 87.07%
283655 337021 53366
Affiliate charges
Percent
to state
of
MN
Amount
to state
of
MN
TOTAL
TOTAL Amount
to
electric
OM
Percent
to state
of
MN
TOTAL Amount
to
electric
OM state
of
MN
1586923 2018802 43187887.07% 87.07% 87.07%
1381774 1757822 376048
1458881 1845329 38644787.07% 87.07% 87.07%
1270285 1606775 336489
1326563 1667500 34093787.07% 87.07% 87.07%
1155072 1451934 296862
9-
Retiree Medical
Nuclear
Total Cost
Percent
to electric
OM
Amount
to
electric
OM
90000
92.27%
90000
92.27%
83039 83039
Percent
to state
of
MN
Amount
to state
of
MN
87.07% 87.07%
72304 72304
92.27%
87.07%
90000
92.27%
89000
92.27%
1000
92.27%
91000
92.27%
89000
92.27% 92.27%
83042 82120
923 83966 82120 1845
87.07% 87.07% 87.07% 87.07% 87.07% 87.07%
FILTERED ON RETIREE MEDICAL RECORD TYPE
NE01122 0000opol 19y00002 ooool 11
000 2010 Do 0011 to
Op 1090 12
LeO
VaoE 42202
oao 22.40002000
2200 Foo
120200 10104
0020 or 000202
Pod
202 o4 edo 122
2010 00
141021
02 00 100 oR rIot 02
Ia 100
0220 1oloo1ot
1094200.09924 Fop
20041
10000 100
02002040
e21a 10
010 rodState teSt
0800PtfO r0ord1lOpS 12 Aft
PolIo 1fr 0409
0142122 OIPrIhonopp
000 2efoTgot
Iota Opo 0000
Es 0000 00 ogOv
toxrQ04 11 100
10282 RoEoop Too Rook 000110
State 0012 Rat
0000009boooC001
1012012 400009
rd7tate 1102002 91 NO
Toll State IncIte 14290
Re8.rlITloeo
0040 ltPtoIut 0000020 aboto
700f00 021
Op lotp alto nO
edeTaoCrodt 0101
002220128111 000002
Total TIeR
Ta 01911100ttPl2 0t
012 920402000197108290100
Total 02001004 12000000
Toll P09.01.1
II 010
2201
00 00012
801090918 220407 100104 104410
914.029.291 lOll
10140 plOt to 00000 020400 10201 44
1010 petIt flg 000001 11010.90
RIEOoP02000ILTXiROE2
Npt Op 20 24 OttO 040 00 84 10 010
tIot0000ttat 400 010921 110 tO
Fat42
44 31020 10010 204 24 4000
EtooRat.000olt 0840 ala2
R0004artrolotatootot/EootPp
1001000180010001
020poatrp bc 0410 tao tq 02 Rot
1Oct0700 at 701 008 22 19 284
022121202 000020922 0004
to 00100 taott1/l 00010010132 9202 10 10 00061 100
0200001 DeRotonoy lot mt 9204022101 00002 10090010
2uq2oom
uosuad
tlzv
Rate Case Adjustments
NSPM Electric
OM State
of Minnesota
SUMMARY
Retiree Medical
Qualified Pension
Total Adjustments
NSPM Electric
OM State
of Minnesota
2016 2017 2018
376048 336489 29686217991 2087 657796
358056 334403 360934
Rate Case Adjustments
NSPM Electric
OM State
of Minnesota
QuaUfied Pension
GAAP Electnc
OM
Percent
to state
of
MN
GAAP Electric
OM state
of
MN
Deferral Amortization
Amount in Electric
OM state
of
MN
Amount
in Rates 2011 levels
for state
of
MN
Amount
of Rate Case Adjustment
2015 2016 2017 2018
8041592 7031359 6174077 5421
017
87
07% 87.07% 87.07% 87.07%
7002017 6122382 5375
925 4720216
1684283 7623615317734 5360021 5375925 4720216
5378012 5378012 5378012 5378012
60278 17991 2087 657796
F-
ITERED 00 00100 DM00 HIllel RECORD TYPE
Vol mIt
lOOM 0000FF 10000FF II crociOF 200 Dcv 00
sat 1Esproe
Del col
Ta clOd 10 00
Cv 0001 dFt00 WvS Ott
tcrFlS Fee FCC 00
Polootor 50
dooto 050102000
Cc OF ab
Pro001oc AOCRV
rdorCoF Cr1 oF
PrOc clot
Os era let
Coloe Ac
Do or It CF
CAT OF
Tote 005050 tO 000ersvs
tI 00Ft
Ft IrrA FaT red
tO
Cv OCT55
Total Is etOthe That OFF
mOTtvLOORT
TaTTOO tro rae
loOr FF0
Toe Vt
TF080IvreT0050 Fees
StsteTss
FtC CCCII
Saoeleecrodrc
Deer dOve 000tF
extol Stats soret Taxes
TOast
TorsOs lrrta Co
oF Feds ard late retTotal laser
Tote Cpa atlog eeoC OCICS
Fetal Experts 1050 1203 38 FF1
00 tOeD
010 to
tOss
besot 5010DelbOFI
Tote 20mar11
tOFTt OpOratl00 IrISes Rate Base
115cm srI Faults HotEl
5000001 Ivory
Dbrrtr Its 06t FrI 2000 ottOSrI
lao octlovab IFOOtto
deC10 FIje 0001010 dod 0O0 atOTT
ROE semI tgstot COFtOtOFO dEoxOs
beoeospel00toFs
00 Fl tFFOFtAF elolaro Fast Cccv Fr Fl
NeTo5o300
Opatetlnt rostra Rely eros 500
Rove vro coTs or cIT ITO FosrTAFTOa 01
Rsvenoa tTetlslensy teems leheletyt ConFers Ott EeOC 050 002 107
M3
0OjT 2001 05 rAT
1258 2052 ROTATOR
TI 2000 15 0%
IT
00 IVe
Id
Islets Teem
rOOF DOll
celloabl
Fl eoCtdt
Del rl200o yr0 00000
loIs tedstel IFOOtFSTOFSF
JNdS
MA
ptu
aq
5uiu
inuall
SZV
Remaining Life Study NSPM
This adjustment updates the test year to indude the impact of Docket No EG002/D-1 5-46In the 2015 Remaining Lives filing we proposed modifications to the remaining lives for the Blue Lake Units 1-4
Red Wing and Wilmarth production plants In addition to remaining life changes we are also recommending updates
to net salvage rates for electric production facilities based on new 5-year dismantling study and the discontinuation
of the use of probabilities in our dismantling analysis
Summary RL MN Depr Change.xlsx Purpose
Xcel Energy
Annual Revenue Requirement
Minnesota Remaining Life COSS Adjustment
2016 Test Year Minnesota Electric Rate Case
$s
Tota Company
nalsis
Plant Investment
DepreciationReserve
CwlP
Accumulated Deferred Taxes
Book Depreciation
Annual Deferred Tax
ITO Flow Thru
Tax DepreciationRemoval Expense
AFUDC Expend4ure
Avoided Tax nterest
PropertyTaxes
evenue Requirements
MN Jurisdicton
nal sic
Plant Investment
Depreciation Reserve
CwIP
427195
9569
21787587493
Average Rate Base
Debt Return
Equ ty Return
Current Income Tax Requirement
Book Deprec ation
Annual Deferred Tax
ITC Flow Thru
Tax DepreciationRemoval Experse
AFUDC Expenditure
Avoided Tax Interest
Property Taxes
Revenue Requirements
Other Revenues Interchange
373160
8359
19031513 182
1037
1037
BackUp Workpaper
2015 Bridge2016
427195
Average Rate Base
Dept Return
Equity Return
Current Income Tax Requirement
1410525
Accumulated Deferred Taxes
2015 Bridge2016
160
tzxz flu
Revenue Requirements Net of Ifl erch5nge1036
Rounded to thousands
AEH-1 Shcedule 11
Difference
S\GeneralOffiCe5GO01ATE\Rememe Analysis\Aflflua\l6BudYrl\RB\RaflboWs\RL Study\SummafY RL MN Depr Change xlsxtSummafy MN RL Last Authorized
Xcel Energy
Annual Revenue Requirement
Minnesota Remaining Life COSS Adjustment
2018 Test Year Minnesota Electric Rate Case
$s
Back-Up Workpaper
Totat CompanyRate Analysis 2015 Bridge 2016 2019
ant Investment
Depreciaton Reserve
CwlP
Accumulated Deferred Taxes
Average Rate Base
427 195 670 676 3992 700 12299088 21882092
427195 870 876 3992 700 12 299088 21 882092
Debt Return
Equity Return
Current Income Tax Requirement
569 15157 90 235 276729 498 912
22428 35210 209617 645702 fi 148810
587041 284 104 4799467 6319 177 5936348
Book Depreoabon
Annual Deferred Tax
ITC Flow Thru
Tax Depreciation Removal Expense
AFUOC Expend8ure
Avoded Tax Interest
Property Taxes
jTotalRevenue Requrements 1409 432 701897 11511086 14998051 13855327
MN Jurisdiction
RateAnalysis 2OlSBridge 2016 2017 2018 2019 2020
Plant Investment
Depreciation Reserve
CwlP
Accumulated Deferred Taxes
373 160 585874 3487576 10 742925 19113 349
Average Rate Base 373160 585 874 3487576 10742 925 19 113349
Debt Return 8359 13241 78819 241716 435784
Equrty Return 19591 30758 183 098 564 004 1003451
Current Income Tax ReqLnrement 512787 248126 4192173 5519 579 5186 939
Book Deprecation
Annual Deferred Tax
ITC Flow Thru
Tax Depreciation Removal Expense
AFUDC Expenth ure
Avoided Tax Interest
Property Taxes
ITotalRevenue Requirements 1231155 613013 10054546 13100270 121021401
Other Revenues Interchange515748 459392 11 021 908 10 182 131
RIS COSS 1035843 515748 8459392 11 021908 10182 132
2017 2018 2020
S\General-Offces GO-01RA1E\Revenue Analyeis\Annual\l6BudYrl\RB\Rainbows\RL StudytSummary RL MN Depr Change xlsxSummary MN Remain ng Life
Xce Energy
Annua Revenue Requirement
Minnesota Remaining Life COSS Adjustment
2016 Test Year Minnesota Electric Rate Case
$s
RS COSS Validation
Total Revenue Requirements
Back-Up Workpaper
Dec 2016
Dec 2017 Dec-2018
Dec 2019
Dec 2020
Total Retail Revenues
Revenue Deficenc
Total Revenue Reqwrements
1035843 8459392 11021908 10182132
1035843 8459392 11021908 10182132
Summary Revenue Requirements
Difference
1035843 8459392 11021908 10182131
Xcel Energy
Annual Revenue Requirement
Minnesota Remaining Life
2016 Test Year Minnesota Electric Rate Case
$s
Steam Production BackUp Workpaper
Accumulated Deferred Taxes
360991 1736173 90179 6515311 14389837
Average Rate Base 360991 1736173 90179 6515311 14389837
Book Depreciat on
Annual Deferred Tax
ITC Flow Thru
Tax Depreciat on Removal Expense
AFUDC Expenditure
Avoided Tax Interest
Property Taxes2831i 11 786 828
MN Juristhction
RateAnalvais 2OlSBndge 2018 2017 2018 2019 2020
Plant Investment
Depreciation Reserve
CWIP
Accumu ated Deferred Taxes
315312 1518479 78768 690870 12568961
Average Rate Base 315 312 1516479 78768 5690870 12 568961
Debt Return 063 34 272 1780 128045 286572
Equity Return 16554 79615 135 298771 659870
Current Income Tax Requirement 433295 1193 982 281989 852 358 4.377735
Book Deprecation
Annual Deferred Tax
ITC Flow Thru
Tax Depreciation Removal Expense
AFIJDC Expenditure
Avoided Tax Interest
Property Taxes
ITotalRevenue Requirements 1040303 851786 7935040 11117683 10 295334
Other Revenues Interchange 165045 452439 1258902 763 832 1633365
ITo1 Revenue Requirements Net of Interchange 875258 399347 6676138 353 852 661 969
Tota CompanyRate Analysis
Plant Investment
Depreciation Reserve
CWIP
2015 Bridge 2016 2017 2018 2019 2020
Debt Return 088 39 38 038 146594 328088
Equity Return 18952 91149 4734 342054 755488
Current Income Tax Requirement 496067 366933 757 454 5326348 5011941
S\General-Offices-GO-Ol \RATE\Revenue Analysisv\nnual\l6BudYrl\RB\Rainbows\RL Study\Summary RL MN Depr ChangexlsxSummary MN Remaining Life
Steam
XceI Energy
Annual Revenue Requirement
Minnesota Remaining Life
2016 Test Year Minnesota Electric Rate Case
$s
Wind Porduction Back-Up Workpaper
Total CompanyRate Anatv8ls
Plant Investment
Depreciation Reserve
CwIP
Accumulated Deferred Taxes
2015 Bridge
Average Rate Base 118230 354511 590618 826 977 063 978
Book Depreciat on
Annual Deferred Tax
ITC Flow Thru
Tax Depreciation Removal Expense
AFUDC Expenditure
Avoided Tax Interest
Property Taxes
Revenue Requirements 390 074 362942 338482 310 885 2653791
MN Jurisdiction
Rate Analysis 2015 Bndge 2018 2017 2018 2019 2020
Plant Investment
Depreciation Reserve
CwlP
Accumulated Deferred Taxes
103248 309587 515774 722181 929149
Average Rate Base 103248 309587 515774 722181 929149
Debt Return 2313 6997 11656 16 249 21 185
Equity Return 421 16253 27078 37914 48780
Current Income Tax Requirement 141881 34017 126385 119041 111864
Book Depreciation
Annual Deferred Tax
lTCFlowThru
Tax Depreciation Removal Expense
AFUDC Expenditure
Avoided Tax Interest
Property Taxes
Iai Revenue Requirements 340643 316850 293843 271496 2492151
2016 2017 2018 2019 2020
116230 354511 590618
Debt Return 2648 8012 13348 18 607
Equity Return 6287 18612 31 007 43416
Current Income Tax Requirement 162469 153464 144725 136315
24259
55859
128097
fl ly \1 thy Ith\R rLbows SI St dy\Suir tar PL
tex sz rirra MN ri