Northern States Power Co 10-K Annual Report Fri Feb 22 2019

MINNEAPOLIS — Xcel Energy Inc. (NASDAQ: XEL) today reported 2018 GAAP and ongoing earnings of $1,261 million, or $2.47 per share, compared with GAAP earnings of $1,148 million or $2.25 per share and ongoing earnings of $1,171 million or $2.30 per share in 2017.

GAAP and ongoing earnings increased as a result of higher electric and natural gas revenues primarily due to favorable weather and sales growth and higher AFUDC. These positive factors were partially offset by increased O&M, depreciation and interest expenses. GAAP earnings for 2017 include the non-recurring negative impact of the TCJA.

“Xcel Energy executed exceptionally well in 2018, achieving our financial targets and delivering outstanding value to customers and stakeholders. For the 14th consecutive year, we have met or exceeded our earnings guidance,” said chairman, president and CEO Ben Fowke. “In addition, throughout our entire company there is great pride that we became the first utility in the nation to announce a vision to deliver 100 percent carbon-free energy to our customers by 2050.”

“Our clean energy leadership is creating economic development opportunities for the communities we serve,” Fowke continued. “This is demonstrated by Google’s recent announcement regarding a new data center in Becker, Minnesota, which would be powered by our renewable energy.”

Earnings Adjusted for Certain Items (Ongoing Earnings)

A reconciliation of ongoing earnings per share (EPS) to generally accepted accounting principles (GAAP) EPS follows. Ongoing earnings is a non-GAAP financial measure. See “Non-GAAP Financial Measures” below for more information.



	Three Months Ended Dec. 31				Twelve Months Ended Dec. 31
Diluted Earnings Per Share	2018		2017		2018		2017
GAAP diluted EPS	$	0.42	$	0.37	$	2.47	$	2.25
Estimated impact of the Tax Cut and Jobs Act (TCJA) ^(a)	—		0.05		—		0.05
Ongoing diluted EPS	$	0.42	$	0.42	$	2.47	$	2.30


^(a)	See Notes 5 and 7.

The following information was filed by Northern States Power Co on Thursday, January 31, 2019 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Financial Statements, Disclosures and Schedules

Inside this 10-K Annual Report

Material Contracts, Statements, Certifications & more

Northern States Power Co provided additional information to their SEC Filing as exhibits

Exhibit 3.02: Articles Of Incorporation

Exhibit 23.01: Consents Of Experts And Counsel

Exhibit 31.01: Rule 13A-14(A)/15D-14(A) Certification

Exhibit 31.02: Rule 13A-14(A)/15D-14(A) Certification

Exhibit 32.01: Section 1350 Certification

CIK: 72909
Form Type: 10-K Annual Report
Accession Number: 0000072909-19-000004
Submitted to the SEC: Fri Feb 22 2019 2:36:17 PM EST
Accepted by the SEC: Fri Feb 22 2019
Period: Monday, December 31, 2018
Industry: Electric And Other Services Combined

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Northern States Power Co (72909) SEC Filing 10-K Annual report for the fiscal year ending Monday, December 31, 2018

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