Xcel Energy Q3 2009 Earnings Transcript

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2009-10-29 17:30:19.0

Tags: Colorado, Xcel Energy Inc., Jurisdiction, David Sparby Colorado, Taxes, Free Trade, Litigation, Personal Finance, Financial Planning, Finance, Business Operations, Seeking Alpha

Question-and-Answer Session

Operator

Thank you. Ladies and gentlemen, at this time, we will begin the question-and-answer session. (Operator Instructions). And our first question does come from the line of Paul Patterson with Glenrock Associates. Please go ahead.

Paul Patterson - Glenrock Associates

Good morning guys.

David Sparby

Good morning, Paul.

Paul Patterson - Glenrock Associates

Just on the tax issue, how should we think of 2010, what's the tax rate that we should be thinking about now in 2010?

David Sparby

Paul we'll provide more guidance later in the year. One of the factors that affected our effective tax rate this year was bonus depreciation which will expire at the end of the year.

Paul Patterson - Glenrock Associates

Okay. And then when you talked about Colorado in the forward test year and your disappointing intervener testimony as you saw it. Is there any possibility of settlement in Colorado? Or we really passed that point in time?

David Sparby

Colorado is always the possibility for settlement up until the time of the Commission's decision.

Paul Patterson - Glenrock Associates

Okay. When we're talking about -- you guys have gone through a large number of rate cases, and by the end of this year or by the beginning of next year, really most of these things will be completed.

How should we think about the regulatory landscape or your plans to go in for additional regulatory relief or when you might need to do so?

Just sort of generally speaking after all that you've sort of accomplished so far, obviously depends on once you sort of get a certain degree in some of these jurisdictions that haven't come out. But could you give a little bit of a flavor for that?

David Sparby

Paul, at this time, we're looking at our gas assets here at Minnesota and considering a rate change in this jurisdiction, we're also looking at our wholesale rates in our Colorado jurisdiction and those are what we're seeing in the near-term for rate relief.

Benjamin G.S. Fowke III

Paul, this is Ben. I would just say it would -- we continue to invest very heavily in our infrastructure and into the environment within all our jurisdictions. So I think you can expect that we'll be filing rate cases fairly routinely in all our jurisdictions. But that's what we've been doing obviously in over the last few years.

Paul Patterson - Glenrock Associates

 

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