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Written by John Egan for Industrial Info Resources (Sugar Land, Texas)--Xcel Energy Incorporated (NYSE:XEL) (Minneapolis, Minnesota) plans to invest $15.2 billion over the next five years in its gas distribution and electric generation, transmission and distribution systems operated by its subsidiaries: Northern States Power (NSP) (Minneapolis, Minnesota), Public Service Company of Colorado (PSCo) (Denver, Colorado) and Southwestern Public Service Company (SPS) (Amarillo, Texas).
By subsidiary, Xcel told investors and analysts earlier this month, it plans to spend about $7.2 billion in its NSP unit between now and 2020, $5 billion in its PSCo unit between 2016 and 2020 and about $2.9 billion in SPS unit. The $7.2 billion the utility holding company plans to spend in its NSP unit will be split between Minnesota ($5.9 billion) and Wisconsin ($1.3 billion). Xcel provides electricity and gas to about 3.3 million customers in eight states: Minnesota, North Dakota, South Dakota, Wisconsin, Michigan, Colorado, Texas and New Mexico.
Across its system, Xcel's units collectively plan to invest about $3 billion annually from 2016 to 2020, the company told investors in Kansas City and Texas on March 9 and 10. On an aggregate basis, Xcel's electric transmission and electric distribution assets will each receive about 27% of its $15.2 billion capital investment over the next five years, followed by planned investments in electric generation (22%) and natural gas distribution (13%). Industrial Info is tracking 50 Xcel Energy active capital projects that have total investment value (TIV) exceeding $2 billion.
Click on the icon at right to see a pie chart summarizing Xcel Energy's planned capital spending for 2016-2020.
By function, Xcel's subsidiaries plan the following investments:
Out of the $7.2 billion that Xcel plans to spend on its NSP unit, Xcel is targeting about $2.3 billion for the generating fleet. Another $1.7 of investments plan to be made in that unit's electric transmission business, while another $1.6 billion is slated to go into the electric distribution system.
The PSCo unit plans to invest about $1.9 billion in transmission between now and 2020, $1.3 billion in its natural gas business, $765 million in electric transmission and $585 million in electric generation.
Over the next five years, Xcel plans to invest about $1.7 billion in its SPS electric transmission, $570 million in its electric distribution and $420 million in its electric generation business.
"Xcel Energy's number of electric customers is growing at about 1% per year across all its subsidiaries, but weighted average customer electric usage across its subsidiaries actually declined in 2015 compared to 2014," commented Britt Burt, Industrial Info's vice president of research for the global Power Industry. "Subsidiaries in several states will file rate cases this year, and the company's Colorado subsidiary is investigating up to 1,000 of new renewable generation. The hefty investments in electric infrastructure are necessary to bring renewables from the generation site to load centers as well as to strengthen and expand the distribution network."
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, five offices in North America and 10 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn. For more information on our coverage, send inquiries to info@industrialinfo.com or visit us online at http://www.industrialinfo.com/.
By subsidiary, Xcel told investors and analysts earlier this month, it plans to spend about $7.2 billion in its NSP unit between now and 2020, $5 billion in its PSCo unit between 2016 and 2020 and about $2.9 billion in SPS unit. The $7.2 billion the utility holding company plans to spend in its NSP unit will be split between Minnesota ($5.9 billion) and Wisconsin ($1.3 billion). Xcel provides electricity and gas to about 3.3 million customers in eight states: Minnesota, North Dakota, South Dakota, Wisconsin, Michigan, Colorado, Texas and New Mexico.
Across its system, Xcel's units collectively plan to invest about $3 billion annually from 2016 to 2020, the company told investors in Kansas City and Texas on March 9 and 10. On an aggregate basis, Xcel's electric transmission and electric distribution assets will each receive about 27% of its $15.2 billion capital investment over the next five years, followed by planned investments in electric generation (22%) and natural gas distribution (13%). Industrial Info is tracking 50 Xcel Energy active capital projects that have total investment value (TIV) exceeding $2 billion.
Click on the icon at right to see a pie chart summarizing Xcel Energy's planned capital spending for 2016-2020.By function, Xcel's subsidiaries plan the following investments:
- Electric Transmission: $4.1 billion
- Electric Distribution: $4.1 billion
- Electric Generation: $2.8 billion
- Natural Gas Distribution: $1.9 billion
- Nuclear Fuel: $530 million
- Minnesota Renewables $480 million
Out of the $7.2 billion that Xcel plans to spend on its NSP unit, Xcel is targeting about $2.3 billion for the generating fleet. Another $1.7 of investments plan to be made in that unit's electric transmission business, while another $1.6 billion is slated to go into the electric distribution system.
The PSCo unit plans to invest about $1.9 billion in transmission between now and 2020, $1.3 billion in its natural gas business, $765 million in electric transmission and $585 million in electric generation.
Over the next five years, Xcel plans to invest about $1.7 billion in its SPS electric transmission, $570 million in its electric distribution and $420 million in its electric generation business.
"Xcel Energy's number of electric customers is growing at about 1% per year across all its subsidiaries, but weighted average customer electric usage across its subsidiaries actually declined in 2015 compared to 2014," commented Britt Burt, Industrial Info's vice president of research for the global Power Industry. "Subsidiaries in several states will file rate cases this year, and the company's Colorado subsidiary is investigating up to 1,000 of new renewable generation. The hefty investments in electric infrastructure are necessary to bring renewables from the generation site to load centers as well as to strengthen and expand the distribution network."
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, five offices in North America and 10 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn. For more information on our coverage, send inquiries to info@industrialinfo.com or visit us online at http://www.industrialinfo.com/.
