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TheStreet Open House

Xcel Energy's Management Presents At Deutsche Bank Clean Tech, Utilities And Power Conference (Transcript)

Stocks in this article: XEL

Xcel Energy, Inc. (XEL)

Deutsche Bank Clean Tech, Utilities and Power Conference

May 14, 2012 2:55 p.m. ET

Executives

Dave Sparby - Sr. Vice President and Group President

Analysts

Jonathon Arnold - Deutsche Bank

Presentation

Jonathon Arnold - Deutsche Bank

We are going to get started again with our final utility of day one which is Xcel Energy. We are delighted to have Dave Sparby here with us today. Dave, many of you know was CFO for a while and is now basically President and sitting on top of all of the utilities which gives him a unique perspective of what's going on. And if my historical facts are correct, Xcel is still the largest buyer of wind power in the country and therefore it’s great to have you at our Clean Tech Conference.

Dave Sparby

Thanks, Jonathon, it’s good to be here. Well, today's remarks will include some forward-looking statements subject to both some risks and uncertainties.

Now this afternoon I will touch on some of the key characteristics that make Xcel and attractive investment. They include our diversified business portfolio, our strong environmental record, constructive regulation, and positioning to deliver 10% total return to our shareholders.

Now a quick look at our company for those who are not familiar with it. In includes 3.4 million electric customers, 1.9 million gas customer throughout eight states. And being in eight states helps us diversify the risk of weather, regulatory decisions or regional economies. The largest operations of course are in Minnesota and Colorado.

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