om...118959 102660 16299 1.038.000 $1033940 4.061 gm mn overrun due to nuclear plant overhaul...
TRANSCRIPT
-
XceIEnergy
Suppementa Reports
2010 2014 Financial Performance Team FPT Operating and Maintenance ExpenseReports
This section contains explanations for significant differences between the NSPM
Companys year end actual and budget business area departmental operating and
maintenance expenses for the previous five years The purpose of these schedules is to
provide the reports that were reviewed and used each month by the executives of Xcel
Energy Financial Council to govern the companies operating and maintenance
expenditures Together these reports indicate the Companys historical actual versus
budget performance and provide explanations for variances
The FPT schedules provided in Section are those referenced by Company witness
Gregory Robinson within his direct testimony discussion regarding the accuracy of the
Companys budgets to its actual cost These reports are consistent with the values
shown in Table Total NSPM Company Actual vs Budget OM within his testimony
The total operating and maintenance amounts summarized on the FPT reports include
NSPM Company electric gas and non-utility expenditures Therefore they do not match
the total operating and maintenance expenses identified on the NSPM Companys fivehistorical electric utility operating and maintenance expense schedules included in
Section NSPM Electric Utility OM Expense
-
FPT Report
OM Actual
vs Budget
Northern States Power
Co Minnesota Company
December 2010
Attachment
OM thousands
of
Energy Supply
C/H
Nuclear Generation
Nuclear Amortization Other
Talent Tech Customers
Distribution
Transmission
Reg Resource Planning
Corporate Other
Corporate Services
Financial Operations
General Counsel
Chief Executive Officer
Benefits
Total
YE 2010
Actuals
YE Budget Difference
162080 167460 5380270316 264809 5507
19759 18818
941
142086 154407 12321143903 150857 6954
39385 34669 4717
10037 10097
60
36851 35261 1590
35569 36750 118136358 36464
107
10096 8762 1333
12601 12925
323
118959 102660 16299
1038000 $1033940 4061
Year
End Deviation
Energy Supply
C/H
Management Initiatives
GM
MN Plants
Management Initiatives Peaking Plants
Management Initiatives Service Orgs
Management Initiatives Sherco
Ui overhaul turbine work move
to 2012
Management Initiatives Sherco
U2 overhaul move from 2009
Target Adjustment Total Round Management Initiatives
Management Initiatives
GM MN Plants
Management Initiatives Hydro
Management Initiatives Peaking Plants Granite City
Management Initiatives Service Orgs
Target Adjustment Total Round Management Initiatives
3155
49
685
510075001489
2175
25
325
204
2729
Management Initiatives
GM
MN Plants
Management Initiatives Service Orgs
Target Adjustment Total Round Management Initiatives
TargetAdjustment Phase -Accelerations from 2011/12
Target Adjustment Phase
2- 2010 additional spend
Accelerations into 2009
Peaking move from 2009
333
774
1107
567
1456
1486
540
Page
of
14
-
OM thousands
of
FPT Report
OM Actual
vs Budget
Northern States Power
Co Minnesota Company
December 2010
Energy Supply
C/H
Nuclear Generation
Nuclear Amortization Other
Talent Tech Customers
Distribution
Transmission
Reg Resource Planning
Corporate Other
Corporate Services
Financial Operations
General Counsel
Chief Executive Officer
Benefits
TotalY
E Actuals
YE Budget Difference
162080 167460 5380270316 264809 5507
19759 18818
941
142086 154407 12321143903 150857 6954
39385 34669 4717
10037 10097
60
36851 35261 1590
35569 36750 118136358 36464
107
10096 8762 1333
12601 12925
323
118959 102660 16299
1.038.000 $1033940 4.061
GM
MN overrun
due
to Nuclear plant overhaul support
GM
MN Sales/use
tax rebate credit
MN Craft labor increase
in
support
of non-ES departments
Net Service
Org reductions
due
to
productivity challenge
Peaking-Anson gas line integrity project
not budgeted
Peaking-Anson
U4
Cl overhaul moved
to 2012 $700k
U2
Cl moved
to 2013 $390kPeaking-Blue Lake
U8 unplanned outage
and compressor grinding overhaul
Peaking-Grand Meadow inspections materials underrun
Peaking-Granite City
UI
gen inspection
in forecast only
see above under
Mls
Peaking-Inver Hills
U2
major inspection overhaul moved
to 2011
Peaking-MN Valley
dam removal
and stop
log grout repairs project delayed
Peaking-Nobles base cost increase primarily
due
to land lease payments earlier start-up
Peaking-reduce full-time benefit employees
at Anson
AS King-mercury sorbent reduction
due
to
timing
of project completion rider
AS
King Spring overhaul
gas recirc
fan repairs discovery work
AS King reclassification
of
ash landfill capital project
to
OM
AS King -lime silo repairs payment applied
to
revenue
High Bridge reduction
in
outage work scopeService Orgs additional cost savingsSherco
U3
mercury sorbent underrun
due
to results
of fuel
sys optimization testing
Sherco-Ul overhaul work scope change timing airheater gearbox repairs
Sherco-U2 overhaul discovery work
Sherco-U3 forced outage tube leak repairs
Sherco-U3 audit findings settlement
CM less than anticipated
Other
Year
End Deviation
317
990
103
260
430
1090
180
259
150
650
60
950
200
1052
200
358
730
500
10002150
700
2500
1600
19
863
55
Total Energy Supply
C/H 5380
Attachment
Page
of
14
-
FPT Report
OM Actual
vs Budget
Northern States Power
Co Minnesota Company
December 2010
Attachment
OM thousands
of
$1
Energy Supply
C/H
Nuclear Generation
Nuclear Amortization Other
Talent Tech Customers
Distribution
Transmission
Reg Resource Planning
Corporate Other
Corporate Services
Financial Operations
General Counsel
Chief Executive Officer
Benefits
Total
YE 2010
YE Actuals
YE Budget Difference
162080
270316
19759
142086
143903
39385
10037
36851
35569
36358
10096
12601
118959
167460
264809
18818
154407
150857
34669
10097
35261
36750
36464
8762
12925
102660
53805507
941
1232169544717
60
1590
1181
107
1333
323
16299
1.038.000 51.033.940 4.061
Nuclear Generation
MONTICELLOTarget Adjustment Management Initiatives Round
Target Adjustment Management Initiatives Round
Target Adjustment Additional Mgmt Initiatives
Target Adjustment Phase Accelerations from 2011
Target Adjustment Phase Approved new projects
Target Adjustment
IT move
to
Corp
and
HR
security moved
to Nuclear
Non-Outage
Accelerations into 2009
Forecast change commitment
Forecast sensitivity
Labor Nuclear Labor Pool
Adj
Plant shutdown to repair
15 feedwater heater tube leaks
Security-force
on force drill comp measures other contractor expense snow removal
Other
Total Non-Outage
Outage
Outage Prep Timing
Total OutageTotal Monticello
Year
End Deviation
1534
202
400
400
175
750
426
805
1062
89
2100
325
59
85
85
Page
of
14
-
Energy Supply
C/H
Nuclear Generation
Nuclear Amortization Other
Talent Tech Customers
Distribution
Transmission
Reg Resource Planning
Corporate Other
Corporate Services
Financial Operations
General Counsel
Chief Executive Officer
Benefits
Total
PRAIRIE ISLAND
Target Adjustment Management Initiatives Round
Target Adjustment Management Initiatives Round
Target Adjustment Additional Mgmt Initiatives
Target Adjustment Phase Accelerations from 2011
Target Adjustment Phase Approved
new projects
Target Adjustment
IT
move
to
Corp
and
HR
security moved
to Nuclear
Non-Outage
Accelerations into 2009
Initiatives
to fund Outage over-run
Initiatives-Dewolif
and income taxes
Instrument
Air Project Write-down forecasted
at Corp level
Labor
PTO Carryover savings
EP fees less than budget
and 2009 sales
tax
true-up
Planning Project budget transferred
to
outage
Planning budget transferred
to 2011 outage
Planning budget transferred
to 2012 outageTurbine building flood project moved
to
capital
Other Misc
Total Non-Outage
Outage
2009 Outage expense Credit from Siemens
for work
not performed
to
spec2009 Outage expense Westinghouse
for work
not performed
tospec
2010 Outage Forecast Sensitivity Turbine Contract
2010 Outage Planning Project budget transferred
to
outage
2010 Planned Refueling Outage CM-fuel cavity leakageto
capital
2011 Planning budget transferred
to
outage
2012 Planning budget transferred
to
outage
Total OutageTotal Prairie Island
YE 2010
YE Actuals
YE Budget Difference
162080 167460 5380270316 264809 5507
19759 18818
941
142086 154407 12321143903 150857 6954
39385 34669 4717
10037 10097
60
36851 35261 1590
35569 36750 118136358 36464
107
10096 8762 1333
12601 12925
323
118959 102660 16299
1038000 $1033940 4061
Year
End Deviation
1580
406
1151
700
1540
821
177
771
200
7519
228
397
720
167
133
900
945
3319
950
264
2900
72
02
87
16
71
33
2993
6312
FPT Report
OM Actual vs Budget Attachment
Northern States Power
Co Minnesota Company
December 2010
OM thousands
of
Page
of
14
-
OM thousands
of
$1
FPT Report
OM Actual vs Budget
Northern States Power
Co Minnesota Company
December 2010
Energy Supply
C/H
Nuclear Generation
Nuclear Amortization Other
Talent Tech Customers
Distribution
Transmission
Reg Resource Planning
Corporate Other
Corporate Services
Financial Operations
General Counsel
Chief Executive Officer
Benefits
Total
YE 2010
YE Actuals
YE Budget Difference
162080 167460 5380270316 264809 5507
19759 18818
941
142086 154407 12321143903 150857 6954
39385 34669 4717
10037 10097
60
36851 35261 1590
35569 36750 118136358 36464
107
10096 8762 1333
12601 12925
323
118959 102660 16299
1038000 $1033940 4061
NUCLEAR SUPPORTTarget Adjustment Management Initiatives Round
Target Adjustment Management Initiatives Round
Target Adjustment Additional Mgmt Initiatives
Target Adjustment Phase Accelerations from 2011
Target Adjustment
HR
security moved
to Nuclear
Forecast sensitivity
Accelerations into 2009
YE reduction
of labor consulting
and employee expenses CM-timing
of moving expenses
Total Nuclear SupportOther
Total Nuclear Generation
Nuclear Outage Cost Deferral
and Amortization
Year
End Deviation
505
304
444
105
994
115
68
613
720
5507
Lower deferral
due
to reversal
of December
P1 Unit
R26 accruals
Monticello
R25 costs lower than budget
YTD
P1 Unit
R27 costs higher than budget
YTD
P1 Unit 2R26/27 costs higher than budget
YTD
Total Outage Cost Deferrals
Monticello
R24 amortization lower than budget
due
to lower costs
P1 Unit
R26 amortization higher than budget
due
to
higher costs
P1 Unit 2R26 amortization higher than budget
du
e
to
higher costs
Total Outage Cost Amortizations
Other
Total Nuclear Outage Cost Deferral
an
d Amortization
1215
495
410
40912791
491
3154
1072
3735
94
1
Attachment
Page
of
14
-
FPT Report
OM Actual vs Budget
Northern States Power
Co Minnesota Company
December 2010
Attachment
OM thousands
of
Energy Supply
C/H
Nuclear Generation
Nuclear Amortization Other
Talent Tech Customers
Distribution
Transmission
Reg Resource Planning
Corporate Other
Corporate Services
Financial Operations
General Counsel
Chief Executive Officer
Benefits
Total
YE 2010
YE Actuals
YE Budoet Difference
162080 167460 5380270316 264809 5507
19759 18818
941
142086 154407 12321143903 150857 6954
39385 34669 4717
10037 10097
60
36851 35261 1590
35569 36750 118136358 36464
107
10096 8762 1333
12601 12925
323
118959 102660 16299
1.038.000 S1.033.940 4061
TTC
Management Initiatives Round
Human ResourcesCustomer Care
Business Systems
Marketing
Total Management Initiatives Round
Year
End Deviation
121
156
608
215
1100
Management Initiatives Round
Human ResourcesCustomer Care
Business Systems
Marketing
Bad Debt
Total Management Initiatives Round
Accelerations
Human ResourcesBusiness Systems
Marketing
Total Accelerations
Incremental Projects
Business Systems
Total Incremental Projects
79
88
204
19
12881678
70
441
20
53112
12
Page
of
14
-
FPT Report
OM Actual
vs Budget
Northern States Power
Co Minnesota Company
December 2010
OM thousands
of
Energy Supply
C/H
Nuclear Generation
Nuclear Amortization Other
Talent Tech Customers
Distribution
Transmission
Reg Resource Planning
Corporate Other
Corporate Services
Financial Operations
General Counsel
Chief Executive Officer
Benefits
Total
YE 2010
Actuals
YE Budget Difference
162080 167460 5380270316 264809 5507
19759 18818
941
142086 154407 12321143903 150857 6954
39385 34669 4717
10037 10097
60
36851 35261 1590
35569 36750 118136358 36464
107
10096 8762 1333
12601 12925
323
118959 102660 16299
1038000 $1033940 4061
Bad Debt unfavorable
due
to reserve change offset
by
net write offs
for
the current month
and favorable
for
YE
BS Favorable software maintenance
due
to
prepaid correction from prior month change
in
timing
of
the prepaid NACR invoice
change
in run rate
due
to amortization
of many contracts over service period
and other favorable variances
in various categories
BS Budget transfer
of Nuclear
BS Direct charge
vs allocations
for Network Radio
FMF
partially offset
by
09
FMF that
was
paid
in 2010
and Network Radio infrastructure
BS Virtualization
of servers
as well
as contract change on per server costs
and re-negotiated Disaster Recovery contract with
IBM
BS Accenture expense recognition associated with
new contracfiADM
BS Higher contract labor/consulting/online information primarily driven
by
PW
C
IT
Assessmentand
ION
Calpine Integration
BS Consulting fees
due
to PWC
CC Favorable
due
to
managed under
run driven
by December vacations
and lower postage
HR Favorable
due
to
managed under
run
in
consulting/screening
and labor
for
YE
HR Transfer
of Nuclear Screening
Marketing Favorable
due
to
managed under
run
and
net other lower
Other
Total
TTC
Year End Deviation
65651074
1765
1200
1262
544
866
213
254
18821187
290
240
10086
12321
Attachment
Page
of
14
-
FPT Report
OM
Actual
vs Budget Attachment
Northern States Power
Co Minnesota Company
December 2010
OM thousands
of
Energy Supply
C/H
Nuclear Generation
Nuclear Amortization Other
Talent Tech Customers
Distribution
Transmission
Reg Resource Planning
Corporate Other
Corporate Services
Financial Operations
General Counsel
Chief Executive Officer
Benefits
Total
Distribution
Sewer mitigation incremental costs moved
to deferred account
Vegetation Management achieved additional reductions
put
in
place
in Nov/Dec
Additional reduction efforts
for advertising dues
and sponsorships
Increased overtime
due
to
reliability efforts
Material reduction efforts
and commodity price savings beyond management initiatives
Labor attrition impacts partially offset
by favorable labor savings
due
to
delayed hires
and
PTO
Increased overtime
due
to
significant storm events
Increased Integrity Management Project efforts
due
to
project plan changes
Reductions efforts
in contract outside vendor costs
for projects
on hold
Reductions efforts
in
contact labor beyond management initiatives
to
help offset overruns
due
to other impacts
Increased gas
and elect utility costs
as facilities moves costs
out
to
the business areas
Achieved Management Initiatives
Low
Achieved Management Initiatives MediumAchieved Management Initiatives Sustainable
Achieved Management Initiatives Other
Achieved 2009 Accelerations savings which included materials
and
Veg Mgmt
2011 Accelerations into 2010 achieved
for Outdoor lighting pole painting
and capacitor controls purchase
OM
Additions $546K
out
of
the $700K was spent
on Qwest effort
due
to additional reductions
to be achieved
Vegetation Management L1DAR
Other
Total Distribution
Actuals
YE Budget Difference
162080 167460 5380270316 264809 5507
19759 18818
941
142086 154407 12321143903 150857 6954
39385 34669 4717
10037 10097
60
36851 35261 1590
35569 36750 118136358 36464
107
10096 8762 1333
12601 12925
323
118959 102660 16299
1.038.000 51.033.940 4.061
Year
End Deviation
500
202
131
15611000
1263
288
343
400
149
15181520
579
3500
818
400
546
210
6954
Page
of
14
-
FPT Report
OM Actual
vs Budget Attachment
Northern States Power
Co Minnesota Company
December 2010
OM thousands
of
Energy Supply
C/H
Nuclear Generation
Nuclear Amortization Other
Talent Tech Customers
Distribution
Transmission
Reg Resource Planning
Corporate Other
Corporate Services
Financial Operations
General Counsel
Chief Executive Officer
Benefits
Total
Transmission
Substation labor driven
by overtime
to
support maintenance
and emergency work
Substation consulting services
to
support increased compliance workload
Substation contract vendor supporting increased transformer maintenance versus budgeted work plan
Substation materials
for maintenance work
Substation employee
exp mileage meals
and safety equipment performing maintenance
and emergency work floods 2010
Substation equipment rental
to
support additional compliance workload
Substation credits
for Energy Supply work performed under
in
current
mo
and
in excess
of planned
YTD
Non-Substation labor driven
by overtime
in
field operations
YTD $256K performing line maintenance
Non-Substation productive labor
and labor loading non-productive
are less than planned YTD$-492 plus impact
of
attrition
YT
D $414K
on
the business areas budgets
Other compensation-welfare fund more than planned
in
field operations
Contract labor less than planned
for business operations
and
the vice president organization
Timing
of requested Consulting studies
Contract outside vendor decreased
in
Field Operations
due
to maintenance work performed
by internal resources
Timing
of partner invoicing CapX
OM
Materials increased
in
Field Operations
due
to avian protection woodpecker hole filler
$1
02K
and line maintenance work
Employee expenses reduced against planned spend
as business areas reduced travel
Transportation fleet expense variance
to
historic spend budget splits
Regulatory fees timing
vs historic spend budget splits
Electric utility association dues land rights fees
and transmission fees less than planned
Other
Total Transmission
YE 2010
Actuals
YE Budget Difference
162080 167460 5380270316 264809 5507
19759 18818
941
142086 154407 12321143903 150857 6954
39385 34669 4717
10037 10097
60
36851 35261 1590
35569 36750 118136358 36464
107
10096 8762 1333
12601 12925
323
118959 102660 16299
1.038.000 51.033.940 4.061
Year
End Deviation
1061
187
3586
34
585
189
522
256
78
214
177
335
394
160
545
112
163
136
280
97
4717
Page
of
14
-
OM thousands
of
FPT Report
OM Actual
vs Budget
Northern States Power
Co Minnesota Company
December 2010
Energy Supply
C/H
Nuclear Generation
Nuclear Amortization Other
Talent Tech Customers
Distribution
Transmission
Reg Resource Planning
Corporate Other
Corporate Services
Financial Operations
General Counsel
Chief Executive Officer
Benefits
Total
Actuals
YE Budget Difference
162080 167460 5380270316 264809 5507
19759 18818
941
142086 154407 12321143903 150857 6954
39385 34669 4717
10037 10097
60
36851 35261 1590
35569 36750 118136358 36464
107
10096 8762 1333
12601 12925
323
118959 102660 16299
1038000 $1033940 4061
Regulatory Resource Planning
Management Initiatives
Additional reductions
in
consulting recognition office supplies
and employee expenses
Write
off expenses
for
MN Rate Case costs
in excess
of authorized
Other
Total Regulatory Resource Planning
Corporate Other
Year
End Deviation
101
495
530
60
Transmission Interchange Expense
First
Set Credit variance
due
to
change
in
meter/transformer purchases
Company
use credit
Net
BM
O accrual
for unreconciled transactions
in concur
Service Company Permanent
Tax Differences
Denver audit settlement
Shared asset annual true up
for PeopleSoft
and
CR
S
Other
Total Corporate Other
479
377
419
537
2009
139
74
106
1590
Attachment
Page
10
of
14
-
OM thousands
of
FPT Report
OM Actual vs Budget
Northern States Power
Co Minnesota Company
December 2010
Energy Supply
C/H
Nuclear Generation
Nuclear Amortization Other
Talent Tech Customers
Distribution
Transmission
Reg Resource Planning
Corporate Other
Corporate Services
Financial Operations
General Counsel
Chief Executive Officer
Benefits
Total
YE 2010
Actuals
YE Budaet Difference
162080 167460 5380270316 264809 5507
19759 18818
941
142086 154407 12321143903 150857 6954
39385 34669 4717
10037 10097
60
36851 35261 1590
35569 36750 118136358 36464
107
10096 8762 1333
12601 12925
323
118959 102660 16299
1038000 $1033940 4061
Corporate Services
Management Initiatives Excluding Property Services
Management Initiatives Property Services
Total Management Initiatives
Reductions above mgmt initiative
for Consulting Equipment Maint Brand Sponsorship Director Fees
Reduced proxy statement facility solicitation
and transfer share expenses
in Shareholder Relations
Reduced materials director fees
and shareholder relations
Rents shared asset annual true-up
Rents 1800 Larimer change
in
possession
of floors
and addition
of taxes
and tenant operating
and maintenance expenses
Rents reduced contract labor
to
keep 2010 expense flat
to 2009 actuals
Rents
ES
G chemical labs moved
to MDC
Rents transfer from Business Systems
for
copier lease/use
Rents change
in the labor allocation
Rents maintenance spending increased
to
complete projects
in
2010 snow removal expense
due
to several storms
and copier lease payment made later than budgeted
due
to invoicing issues withth
e vendorOther
Year
End Deviation
237
89
326
Attachment
551
323
813
651
165
12
18
115
398
33
855
Total Corporate Services 1181
Page
11
of
14
-
FPT Report
OM Actual
vs Budget
Northern States Power
Co Minnesota Company
December 2010
OM thousands
of
Energy Supply
C/H
Nuclear Generation
Nuclear Amortization Other
Talent Tech Customers
Distribution
Transmission
Reg Resource Planning
Corporate Other
Corporate Services
Financial Operations
General Counsel
Chief Executive Officer
Benefits
Total
YE 2010
Actuals
YE Budget Difference
162080 167460 5380270316 264809 5507
19759 18818
941
142086 154407 12321143903 150857 6954
39385 34669 4717
10037 10097
60
36851 35261 1590
35569 36750 118136358 36464
107
10096 8762 1333
12601 12925
323
118959 102660 16299
1038000 $1033940 4061
Financial Operations
Management Initiatives
Labor savings above management initiatives including workforce plan reductions with timing
of
PTO
also impacting December
Severances
Credits
for loss control engineers labor
and expenses reimbursed
by captive insurance
Contract labor reductions above management initiatives
Other consulting including
an NSPM electric project
Legal consulting supporting
the
tax department
Reductions
and OpCo allocation adjustments
to Controller accounting consulting including
tax support
and
DT
audits above management initiatives
for year-end
Employee expense savings above management initiatives
Risk Management legal settlements
Property insurance including increase
for loss control
and
for
the Nobles Wind Farm
General liability insurance
due
to
high losses
Auto liability/physical damage insurance reductions
due
to loss history
Directors
and Officers/Fiduciary insurance
Other insurance
due
to delay
in the purchase
of Cyber Risk insurance until 2011
Nuclear property insurance
due
to
completion
of shall recommendations
for reductions
Nuclear liability insurance primarily
due
to Price-Anderson
Act which requires
the purchase
of as much insurance
as
the market will beer
2009 nuclear liability Industry Credit Rating Plan ICRP distribution larger than anticipatedReduced Nuclear Electric Insurance Limited distribution compared
to
year-end budget
Unclaimed propertyOn-line information services
Other
Total Financial Operations
Year
End Deviation
180
461
177
77
149
185
57
374
363
180
73
1027
62
36
113
71
126
140
504
88
12
22
25
107
Attachment
Page
12
of
14
-
OM thousands
of
FPT Report
OM Actual
vs Budget
Northern States Power
Co Minnesota Company
December 2010
Energy Supply
C/H
Nuclear Generation
Nuclear Amortization Other
Talent Tech Customers
Distribution
Transmission
Reg Resource Planning
Corporate Other
Corporate Services
Financial Operations
General Counsel
Chief Executive Officer
Benefits
Total
YE 2010
YE Actuals
YE Budget Difference
162080 167460 5380270316 264809 5507
19759 18818
941
142086 154407 12321143903 150857 6954
39385 34669 4717
10037 10097
60
36851 35261 1590
35569 36750 118136358 36464
107
10096 8762 1333
12601 12925
323
118959 102660 16299
1038000 $1033940 4061
General Counsel
Management initiatives
Increases
to outside legal
due
to 2010 sensitivities
Labor decrease
due
to
delays
in
hiring
Legal invoices relating
to DOE Monticello Rates
and
Regulatory Matters
Nuclear Contract Reviews Areva
U.S Xcel Energy
EP
A matter
Other
Total General Counsel
Chief Executive Officer
Management Initiatives
New
CO
O organization
No budget
Labor shift between op
cos
primarily
in
Safety organization
as well
as fewer pseudos than attrition rate
Shift
in
contract
LT
security expense between legal entities
Reductions
in
consulting primarily
in CEO
and Federal State Affairs above management initiatives
Reductions
in
employee expense primarily
in
Safety above management initiatives
Year
End Deviation
28
1161
735
976
41
1333
Reduction
in
Safety advertising
due
to lower fulfillment orders
44
Reduction
in Civic Political Chamber
of Commerce dues
and
MU
I dues as expenses paid
in 2009
Other
Total Chief Executive Officer
Attachment
428
331
486
202
123
69
145
129
323
Page
13
of
14
-
FPT Report
OM Actual vs Budget Attachment
Northern States Power
Co Minnesota Company
December 2010
OM thousands
of
Energy Supply
C/H
Nuclear Generation
Nuclear Amortization Other
Talent Tech Customers
Distribution
Transmission
Reg Resource Planning
Corporate Other
Corporate Services
Financial Operations
General Counsel
Chief Executive Officer
Benefits
Total
Benefits
Higher qualified pension costs
Higher nonqualified pension costs
FAS
88 settlement expense
Higher 401K match costs
Prior year 401K match true-up recorded
in
2010
Higher retirement
and compensation consulting costs
Higher active healthcare costs Lower compared
to forecast mainly
due
to claims adjustment
Lower
FAS
106 retiree medical costs
Higher
FAS
112 long-term disability costs
Higher workers compensation costs mainly
due
to
higher
FAS
112 estimates
Higher workers compensation costs
due
to the SMMPA billing adjustment
in
August
for 2003 through August
YTD 2010
Higher annual incentive costs
due
to
updated
KP
I
and performance assumptions
Prior year annual incentive true-up recorded
in March
Lower performance share plan costs
due
to the true-up recorded from
the 2007 cycle payout
Higher performance share plan costs
Higher restricted stock unit costs mainly
due
to acceleration
of
vesting periods offset
by employee adjustments
Prior year
NM
C long-term incentive true-up recorded
in March
Lower
NM
C
long-term incentive costs
due
to
employee adjustmentsElimination
of
the
perquisite benefit program
Changes
in
splits
to OM other
Total Benefits
YE Actuals
YE Budget Difference
162080 167460 5380270316 264809 5507
19759 18818
941
142086 154407 12321143903 150857 6954
39385 34669 4717
10037 10097
60
36851 35261 1590
35569 36750 118136358 36464
107
10096 8762 1333
12601 12925
323
118959 102660 16299
1038000 $1033940 4061
Year
End Deviation
5515
320
665
310
160
385
359
2400
65
1000
1046
8630
255
95
1374
78
84
19
184
739
16299
Page
14
of
14
-
FPT Report
OM Actual
vs Budget Attachment
Northern States Power
Co Minnesota Company
December 2011
OM thousands
of
YE 2011
YE
Actuals
YE Budget Difference
EnergySupply 151000 155311 4311Distribution Utility 139562 138076 1485
Transmission
and
Op Srvcs 37658 37659
Operations Services 8971 9167
196
Nuclear Generation
Bus Area 310126 299838 10288
Nuclear Amortz Other 8187 6198 1989Corporate Services 176313 182492 6180Financial Operations 38657 37747
909
Group President 28185 29362 1177General Counsel 6637 9455 2817Public Policy/External Affairs 11374 11430
56
Strategy Planning 3245 3202
43
Chief Executive Officer 1714 1791
77
Corporate Other 41493 40802
691
Benefits Loadings 118051 120120 2069Total 1064797 1070254 5457
Year
End Deviation
Energy Supply
C/H
Target Adjustment
GM
MN projects moved from 2011 into 2010
975
Target Adjustment Merricourt Wind project cancelled 1524Accelerations Round Black
Dog component refurbishment 1755
Accelerations Round Black
Dog
Red Wing Sherco projects
267
Accelerations Round King Sherco Wilmarth projects
923
Accelerations Round
VC
P Sherco Wilmarth projects
760
Environmental Permit
Fee increase
all plants
500
AS King spring overhaul discovery work 1000
AS King fall outage misc projects under
run
200
Black
Dog Unit repowering
31
6B
projects transfer capital
to OM
1200Black
Dog Unit
gas turbine exhaust crack repairs 1574
Black
Dog component refurbishment acceleration round 1-costs less than expected $300k will
be
spent
in
2012 1355
GM
MN Peaking plants reduction
of misc maintenance projects 2750
GM
MN Sales
tax rebate filing
600
GM
MN FERC security contract
not required
700
Grand Meadow Nobles Wind-gearbox repair
to
capital 210k mobilization
fee paid
in
2010 misc projects savings 1629Nuclear plant overhaul support
800
Angus Anson materials returned
to
inventory less
run time misc projects under
run
500
Angus Anson gas line testing Blue Lake inventory write-off
not budgeted
210
Riverside boundary properties emergent environmental project 2638Sherco Unit
AS King mercury sorbent under
run 5000
Sherco Unit chemicals under
run
due
to turbine failure unit
not running
750
Sherco Unit turbine/generator failure
617
Sherco Unit turbine/generator failure-move
OM
to insurance receivables account
61
7
Sherco slow moving inventory write-off 1000SMMPA credit more credit
du
e
to Sherco Unit overhaul work scope
70
0
Engineering Construction timing reduction
of miscellaneous projects
316
Other
61
Total Energy Supply
C/H 4311
Page
of
12
-
FPT Report
OM Actual
vs Budget Attachment
Northern States Power
Co Minnesota Company
December 2011
OM thousands
of
YE 2011
YE Actuals
YE
Budaet Difference
EnergySupply 151000 155311 4311Distribution Utility 139562 138076 1485
Transmission
and
Op Srvcs 37658 37659
Operations Services 8971 9167
196
Nuclear Generation
Bus Area 310126 299838 10288
Nuclear Amortz Other 8187 6198 1989Corporate Services 176313 182492 6180Financial Operations 38657 37747
909
Group President 28185 29362 1177General Counsel 6637 9455 2817Public Policy/External Affairs 11374 11430
56
Strategy Planning 3245 3202
43
Chief Executive Officer 1714 1791
77
Corporate Other 41493 40802
691
Benefits Loadings 118051 120120 2069Total 1064797 1070254 5457
Year
End Deviation
Distribution
Accelerated
St Light pole painting
in 2011 from 2012 250
Accelerated fall arrest equipment
in
2011 from 2012 100
Accelerated capacitor control material
in
2011 from 2012 115
Accelerated
gas materials
in
2011 from 2012 142
Accelerated
Ice Shields/Meter Guards from 2011 into 2012 279
Under run
in contract outside vendor costs
for sewer efforts budgeted
but deferred 3001
Timing
of
PTO usage
at year
end
699
Re-negotiation
on vendor pricing
as well
as capitalization policy change
for
IMP
409
Transportation impacts
due
to increased fleet cost such
as fuel materials
etc 1085
Non Commodity
Bad Debt higher than forecast
and budget
56
Over run
in
overtime
and premium time
due
to
significant storm events
and Minot flood 1900
Damage Prevention Zayo/ACS locates
608
Vegetation Management
St Paul Agreement payment
500
Gas Association dues higher than planned
due
to sewer mitigation efforts
203
Mutual
Aid
287
Other
69
Total Distribution 1485
Page
of
12
-
FPT Report
OM Actual
vs Budget Attachment
Northern States Power
Co Minnesota Company
December 2011
OM thousands
of
YE2OI1
YE Actuals
YE
Budget Difference
EnergySupply 151000 155311 4311Distribution Utility 139562 138076 1485
Transmission
and
Op Srvcs 37658 37659
Operations Services 8971 9167
196
Nuclear Generation
Bus Area 310126 299838 10288
Nuclear Amortz Other 8187 6198 1989Corporate Services 176313 182492 6180Financial Operations 38657 37747
909
Group President 28185 29362 1177General Counsel 6637 9455 2817Public Policy/External Affairs 11374 11430
56
Strategy Planning 3245 3202
43
Chief Executive Officer 1714 1791
77
Corporate Other 41493 40802
691
Benefits Loadings 118051 120120 2069Total 1064797 1070254 5457
Year
End Deviation
Transmission
Acceleration Round 30
Headcount Realignment Initiative between OPCos
544
Substation Transformer
and Mobile Repairs partially offset
by
PTO
525
Substation Construction costs associated with Cass County
Sub
56
Work
for Energy Supply
is
greater than anticipated
10
IHS subscription allocated from
ES 41
Substation flood work Preparation
for upcoming season
442
Subst2tinn emergent work that
is
accelerating maintenance cost
119
Substation
OM work
in
support
of Capital
634
Substation 500kv outage
60
Substation non relay work
171
System Operations received credit
in
labor
for Capital treatment
for switching
31
Engineering Studies less than anticipated Revenue forecast also adjusted 1237Transmission Business Operations
is
delayed
in
hiring consultants
and employees
215
due
to
qualifications
of applicants
Substation
is
working higher concentration
of capital work
75
The GIST2 computer support project
had
OM
charge inadvertently charged
to
the
capital project
110
Other
97
Total Transmission
Operations Services
Other
196
Total Operations Services
196
Page
of
12
-
FPT Report
OM Actual vs Budget Attachment
Northern States Power
Co Minnesota Company
December 2011
OM thousands
of
YE 2011
YE Actuals
YE Budget Difference
EnergySupply 151000 155311 4311Distribution Utility 139552 135075 1455
Transmission
and
Op Srvcs 37658 37659
Operations Services 8971 9167
196
Nuclear Generation
Bus Area 310126 299838 10288
Nuclear Amortz Other 8187 6198 1989Corporate Services 176313 182492 6180Financial Operations 38657 37747
909
Group President 28185 29362 1177General Counsel 6637 9455 2817Public Policy/External Affairs 11374 11430
56
Strategy Planning 3245 3202
43
Chief Executive Officer 1714 1791
77
Corporate Other 41493 40802
691
Benefits Loadings 118051 120120 2069Total 1064797 1070254 5457
Year
End Deviation
Nuclear Generation
MONTICELLONon-Outage
Round
2- Approved accelerations from 2012
to 2011
427
ESRV forced outage June
370
INPO fees
330
Low turbine
oil system pressure forced outage 2500
Lump sum
in
lieu
of incentive
60
Site employee expenses
300
Other
15
Total 2742
Outage
RFO
25
refueling outage duration ended
16
days compared
to
budget 1419
RFO
26
refueling outage timing
585
Other
101
Total 1903
Total Monticello 4645
Page
of
12
-
FPT Report
OM
Actual
vs Budget Attachment
Northern States Power
Co Minnesota Company
December 2011
OM thousands
of
YE2O11
YE Actuals
YE Budciet Difference
EnergySupply 151000 155311 4311Distnbution utility 139562 138076 1485
Transmission
and
Op Srvcs 37658 37659
Operations Services 8971 9167
196
Nuclear Generation
Bus Area 310126 299838 10288
Nuclear Amortz Other 8187 6198 1989Corporate Services 176313 182492 6180Financial Operations 38657 37747
909
Group President 28185 29362 1177General Counsel 6637 9455 2817Public Policy/External Affairs 11374 11430
56
Strategy Planning 3245 3202
43
Chief Executive Officer 1714 1791
77
Corporate Other 41493 40802
691
Benefits Loadings 118051 120120 2069Total 1064797 1070254 5457
Year
End Deviation
PRAIRIE ISLAND
Non-OutageRound
2- Approved accelerations from 2012
to 2011 1516
Round 3-Approved accelerations from 2012
to 2011 Reactor Coolant Pump Seal work 2150Round 3-Approved accelerations from 2012
to 2011 Reactor Coolant Pump Seal work
43
Base Labor Open Headcount
44 Contract increases
for Maint Engineering
484
Base Labor Engineering Contract settlement target adjustment
790
Forecast reduction
for Bechtel transition costs transferred
to Nuclear Projects 2000Engineering
CD
R Initiative 1200
NR
C Fees Rate changes 1233Projects transfer Baffle Bolt
to
Outage-PRG
875
Rad Waste cost increase 700
RC
P Forced outage costs above budgeted pull-forward amount 1355
RC
P Forced outage initiative
to
offset
RC
P forced outage overage
PR
G project reductions 1355Initiatives
to
offset increased outage costs walk-downs
for 2012-
PR
G project reductions
498
Spent fuel heat exchanger capital costs moved
to OM deemed
to be design
258
NR
C White finding Contract Support
50
U2 incore flux tilit Westinghouse
93
OM
Projects-PRG
261
R27 outage underage transferred
to base
for
Rad Waste
and
to
support$2M transfer
for Bechtel 1033
ER
O Contract Support 1100Other
328
Total 3254Outage
2012 outage 1R28 Increased planning cost compared
to
budget
2012 outage 2R27 increased costs 2011 walk downs pre-outage expense
49
1
2012 2R27 Transferring baffle bolt project from base
to
outage
for 2012
91
0
R27 underage
du
e
to
in-processing synergies weekend management 1686Other
54
Total
33
2
Total Prairie Island 2922
Page
of
12
-
FPT Report
OM Actual
vs Budget Attachment
Northern States Power
Co Minnesota Company
December 2011
OM thousands
of
YE 2011
YE Actuals
YE Budget Difference
Energy Supply 151000 155311 4311Distribution Utility 139562 138076 1485
Transmission
and
Op Srvcs 37658 37659
Operations Services 8971 9167
196
Nuclear Generation
Bus Area 310126 299838 10288
Nuclear Amortz Other 8187 6198 1989Corporate Services 176313 182492 6180Financial Operations 38657 37747
909
Group President 28185 29362 1177General Counsel 6637 9455 2817Public Policy/External Affairs 11374 11430
56
Strategy Planning 3245 3202
43
Chief Executive Officer 1714 1791
77
Corporate Other 41493 40802
691
Benefits Loadings 118051 120120 2069Total 1064797 1070254 5457
Year
End Deviation
NUCLEAR SUPPORTCorp Supply Chain will
be
paying
the
US
A dues
for 2011
167
Transfer
of
Regulatory personnel
to assist with Monti
EP
U project
60
Bechtel transition costs recorded
in
Nuclear Projects area/not
at site 2542
Transfer
of Fuel Group from
ES
to Nuclear October reorganization
130
EP Rulemaking lower costs
due
to December contractor furlough
190
Labor savings-CM
YTD labor increases
337
Employee expense savings
175
Other
184
Total Nuclear Support 2721
Total Nuclear Generation 10288
Page
of
12
-
FPT Report
OM Actual
vs Budget Attachment
Northern States Power
Co Minnesota Company
December 2011
OM thousands
of
$1
YE 2011
YE Actuals
YE
Budget Difference
EnergySupply 151000 155311 4311Distribution Utility 139562 138076 1485Transmission
and
Op Srvcs 37658 37659
Operations Services 8971 9167
196
Nuclear Generation
Bus Area 310126 299838 10288
Nuclear Amortz Other 8187 6198 1989Corporate Services 176313 182492 6180Financial Operations 38657 37747
909
Group President 28185 29362 1177General Counsel 6637 9455 2817Public Policy/External Affairs 11374 11430
56
Strategy Planning 3245 3202
43
Chief Executive Officer 1714 1791
77
Corporate Other 41493 40802
691
Benefits Loadings 118051 120120 2069Total 1064797 1070254 5457
Year
End Deviation
Nuclear Outage Cost Deferral
and Amortization
P1 Unit
R27 actual outage costs were lower vs budget
YTD
NG
1676
P1 Unit 2R27
YE forecasted costs were higher than budget
YTD
NG 1366
P1 Unit
R28 actual outage costs were higher vs budget
YTD
NG
MT RFO25-201 actual outage costs were higher than
YTD budget Monticello Nuclear 1419
MT RFO26-201 actual costs were higher than December
YTD
budget Monticello Nuclear
248
RFO26
was moved back
to 2013 from 2012
MT outage
25 actual deferred outage costs were higher than
YTD budget Energy Supply Travelers
680
MT outage
25 actual deferred outage costs were higher than
YTD budget Marquette Plaza Nuclear Travelers
83
MT outage
25 actual deferred outage costs were higher than
iTO budget Prairie Island Nuclear Travelers
408
MT outage
25 actual deferred outage costs were higher than
iTO budget Corp Business Systems Travelers
24
Total Outage Cost Deferrals 2559
P11 Unit
R27 amortization
is lower than
YTD budget
due
to decreased outage costs
544
P1 Unit 2R26 amortization was lower because
of reclass from outage
OM costs
to
capital-$477K
558
MT
R25 amortization
is
higher than
YTD budget
due
to increased deferred outage costs 1665Total Outage Cost Amortizations
563
Other
Total Nuclear Outage Cost Deferral
and Amortization 1989
Page
of
12
-
FPT Report
OM
Actual
vs Budget Attachment
Northern States Power
Co Minnesota Company
December 2011
OM thousands
of
YE 2011
YE Actuals
YE Budget Difference
EnergySupply 151000 155311 4311Distribution Utility 139562 138076 1485
Transmission
and
Op Srvcs 37658 37659
Operations Services 8971 9167
196
Nuclear Generation
Bus Area 310126 299838 10288
Nuclear Amortz Other 8187 6198 1989Corporate Services 176313 182492 6180Financial Operations 38657 37747
909
Group President 28185 29362 1177General Counsel 6637 9455 2817Public Policy/External Affairs 11374 11430
56
Strategy Planning 3245 3202
43
Chief Executive Officer 1714 1791
77
Corporate Other 41493 40802
691
Benefits Loadings 118051 120120 2069Total 1064797 1070254 5457
Year
End Deviation
Corporate Services
Accelerations
Human Resources Round 73
Business Systems Round 75
Business Systems Round
98
Customer Care Round 95
Safety Round
95
Safety Round 49
Bad Debt favorable
due
to lower write-offs and/or reserve change 3507
Business Systems
IT shared asset depreciation allocation 1833Favorable software maintenance
due
to
change
in
projects
in the pipeline 2150
Tax contingencies
and settlements budgeted
in Dec
act
in
previous months 381
Server storage
and maintenance increase
due
to
system demands
399
Mainframe upgrade 163
Help Desk incurred fees
for termination
of
the
IBM
and Dell transition fees
120
Software license purchases were favorable
as management reviewed application inventory
and based requirements
on business needs 194
Management initiatives
to
control employee travel
and related expenses
145
Contract labor/consulting
on
pie project capital work
and Critical Information Protection compliance 2400
Lower demand
for Hardware/software purchases
508
Page
of
12
-
FPT Report
OM Actual
vs Budget Attachment
Northern States Power
Co Minnesota Company
December 2011
OM thousands
of
YE 2011
YE Actuals
YE Budget Difference
EnergySupply 151000 155311 4311Distribution Utility 139562 136076 1465
Transmission
and
Op Srvcs 37658 37659
Operations Services 8971 9167
196
Nuclear Generation
Bus Area 310126 299838 10288
Nuclear Amortz Other 8187 6198 1989Corporate Services 176313 182492 6180Financial Operations 38657 37747
909
Group President 28185 29362 1177General Counsel 6637 9455 2817Public Policy/External Affairs 11374 11430
56
Strategy Planning 3245 3202
43
Chief Executive Officer 1714 1791
77
Corporate Other 41493 40802
691
BenefltsLoadings 118051 120120 2069Total 1064797 1070254 5457
Year
End Deviation
Business Services
1800 Larimer occupancy
and
tax cost reduction
277
Shared Asset change
in
asset values reduction
for
XE
S head count
was removed
IT
network assets moved
to Business 1218Systems
and addition
of aircraft hangars
Shared Asset annual true-up
34
Minot Flood Restoration
230
Facilities Charge
Out Process primarily
due
to
budget adjustment
not including
ES
G Lookout Center
and Amarillo Tower
738
Aircraft Maintenance
due
to increased flights
and hours 243
CA
O
Customer Care
Favorable
YE
in Misc
OM Credits
due
to Cellnet delays
and
in
Postage
due
to OAM savings offset with unfavorable
in labor
209
due
to Cellnet delays
and
in
Materials
due
to
timing
of supplies
in
Meter Reading
Safety
Labor increase primarily related
to additional safety positions
as well
380
as wage increases
Reduced Safety employee expenses
130
Reduced contact labor as responsibilities shifted
in house
102
Other
Total Corporate Services 6180
Page
of
12
-
FPT Report
OM Actual vs Budget ttachment
Northern States Power
Co Minnesota Company
December 2011
OM thousands
of
YE 2011
YE Actuals
YE Budget Difference
EnergySupply 151000 155311 4311Distribution Utility 139562 138076 1485
Transmission
and
Op Srvcs 37658 37659
Operations Services 8971 9167
196
Nuclear Generation
Bus Area 310126 299838 10288
Nuclear Amortz Other 8187 6198 1989Corporate Services 176313 182492 6180Financial Operations 38657 37747
909
Group President 28185 29362 1177General Counsel 6637 9455 2817Public Policy/External Affairs 11374 11430
56
Strategy Planning 3245 3202
43
Chief Executive Officer 1714 1791
77
Corporate Other 41493 40802
691
Benefits Loadings 118051 120120 2069Total 1064797 1070254 5457
Year
End Deviation
Financial OperationsACCELERATION Round Cancellation
fee Bloomberg online information contract
10
Consulting primarily
for
legal
and
accounting
tax
support
DT
audits
and
the December transfer
of work
for
234
the
CFM upgrade
to
capital
General liability insurance operating company shifts based
on 3-year loss history
as well
as policy increase 1823
Excess liability insurance
for adjustment
to amortization schedule
to
align accruals
to the timing
of policy renewal
144
Excess liability insurance policy renewals less than anticipated
350
Auto insurance operating company shifts based
on 3-year loss history
as well
as policy increase
167
Nuclear interruption insurance
217
Nuclear liability insurance including
$1 93K ICRP refund related
to the Nuclear Management Company
333
Other
101
Total Financial Operations
909
Group President
Round Accelerations Marketing
32
Round Accelerations Marketing
75
Regulatory payments based
on
new monthly accrual process
886
Write
off expenses
for
MN Rate Case costs
in
excess
of authorized 1055
Fewer customer program promotions
for community outreach activities Energy Efficiency baskets
for CRM5
951
Timing
of
and shifts
to
consulting costs between Operating Companies within Regulatory
224
Shifts
in
labor between Operating Companies
275
Lower spending
in Homesmart advertising
297
Other
154
Total Group President 1177
Page
10
of
12
-
FPT Report
OM
Actual
vs Budget Attachment
Northern States Power
Co Minnesota Company
December 2011
OM thousands
of
YE 2011
YE Actuals
YE Budget Difference
Energy Supply 151000 155311 4311Distribution UtIlity 139562 136076 1485
Transmission
and
Op Srvcs 37658 37659
Operations Services 8971 9167
196
Nuclear Generation
Bus Area 310126 299838 10288
Nuclear Amortz Other 8187 6198 1989Corporate Services 176313 182492 6180Financial Operations 38657 37747
909
Group President 28185 29362 1177General Counsel 6637 9455 2817Public Policy/External Affairs 11374 11430
56
Strategy Planning 3245 3202
43
Chief Executive Officer 1714 1791
77
Corporate Other 41493 40802
691
Benefits Loadings 118051 120120 2069Total 1064797 1070254 5457
Year
End Deviation
General Counsel
Increase
in
Outside Legal costs
due
to Merricourt Wind Project moving from capital
to
expense
643
DO
E Settlement 3314Other
146
Total General Counsel 2817
Public Policy/External Affairs
Round Accelerations
Other
60
Total Public Policy/External Affairs
56
Strategy Planning
Other
43
Total Strategy Planning
43
Chief Executive Officer
Increase
in
community sponsorship
and donation expenses within Chairman Environmental Fund
Other
77
Total Chief Executive Officer
77
Corporate Other
Transmission Interchange Expense variance 2676
Company use credit variance
426
Permanent
Tax Difference
240
Cannon Falls
AFB Project Refund 1571
Shared Assets annual true-up
44
8
Other
19
7
Total Corporate Other
69
1
Page
11
of
12
-
FPT Report
OM Actual
vs Budget Attachment
Northern States Power
Co Minnesota Company
December2011
OM thousands
of
YE2O11
YE Actuals
YE Budget Difference
Energy Supply 151000 155311 4311Distribution Utility 139562 138076 1485
Transmission
and
Op Srvcs 37658 37659
Operations Services 8971 9167
196
Nuclear Generation
Bus Area 310126 299838 10288
Nuclear Amortz Other 8187 6198 1989Corporate Services 176313 182492 6180Financial Operations 38657 37747
909
Group President 28185 29362 1177General Counsel 6637 9455 2817Public Policy/External Affairs 11374 11430
56
Strategy Planning 3245 3202
43
Chief Executive Officer 1714 1791
77
Corporate Other 41493 40802
691
Benefits Loadings 118051 120120 2069Total 1064797 1070254 5457
Year
End Deviation
Benefits
Lower qualified pension expense
310
Higher nonqualified pension expense
125
Higher 401k match costs based
on fourth quarter calculations
260
401K match true-up
for 2010 plan payout
30
Lower nuclear employer retirement contribution costs based
on fourth quarter calculations
45
Nuclear employer retirement contribution true-up
for 2010 plan
due
to
payout
75
Higher retirement related consulting costs
60
Lower retiree medical costs mainly
due
to improved asset performance
and updated medical trend assumptions
700
Higher
FAS
112 long-term disability costs
285
Lower
HR Service Center costs
due
to transfer
of some employees
to HR removal
of labor loadings from process allocation
400
Lower
HW
due
to
recognition
and Years
of Contribution costs
now being recorded
in 721850 instead
of
the labor loading account
320
Lower active healthcare
due
to
recording write-offs
of
the 2010 IBNR liability
430
Lower active healthcare mainly
due
to lower claims levels 4975Lower active healthcare
due
to
plan design changes largely
due
to the increased deductible 1330Lower active healthcare
due
to removal
of
the north bargaining
HS
A contribution 1600Lower active healthcare
due
to headcount adjustment
to lower than expected levelsof full time benefit employees
800
Lower workers compensation
due
to lower
FAS
112 work comp
exp offset
by higher insurance premiums
360
Higher annual incentive costs
due
to
forecasting above budgeted payout levels offset
by plan design changes 3537
Annual incentive true-up
due
to payout
of 2010 plan
in
March
450
Higher performance share plan costs based
on Dec30 rankings
and stock price 1569
Higher performance share plan costs
due
to
the true-up recorded from
the 2008 cycle payout
82
Lower restricted stock unit costs
due
to 2008 units budgeted
to vest
at
end
of 2011
but vested
at
end
of 2010
715
Lower restricted stock unit costs
due
to 2009 unit employee adjustments partially offset
by
the addition
of phase-ins
205
Higher restricted stock unit costs primarily
du
e
to acceleration
of
the 2010 units from 2013
to 2011 2100
Higher restricted stock unit costs mainly
du
e
to projected payout
of
the 2011 RSUs at 150% vs 100% 1847
Spot
On Award forecasted costs
wa
s
no
t known during budget create
22
3
Lower
NM
C long-term incentive
du
e
to
this plan vesting
at
the
en
d
of 2010
110
Corporate Recognition
an
d Years
of Contribution program
now recorded
in OM account
vs insurance labor loadings
50
0
Changes
in
splits
to OM labor load budget/forecast process timing other
13
8
Total Benefits 2069
Page
12
of
12
-
FPT Report
OM Actual
vs Budget Attachment
Northern States Power Co Minnesota Company
OM thousands
of December 2012
YE 2012
December December December
Company
Bus Area
Act
YE
Bud
YE
YE
Var
10 Northerr States Power
MN Energy Supply
148
284 156187 7903Distnbution Operations 118176 115520 1655
Gas Systems
20
482
19
222 1260Transmisson
40
102 39159
943
Operations Services 7665 8074
409
Nuclear Generaton
Bus Area 330295 316656 13639
Nuclear Amortz Other
29
507 13655
15
852
Corporate Services 178644 177193
451
Firiancia Operations
41
700 41913
212
Group President 28795 29135
340
General Counsel 11689 9832
857
Public Policy/External Affa
is 15625 11680 945
Strategy Planning
Chief Executive Officer 1163
822
659
Corporate Other 44330
44
165
164
Benefits Loadings
136
040
131
534 4505
10 Northern States PowerMN Total 1093483 1089438 4045
Page
of
14
-
FPT Report
OM Actual vs Budget Attachment
Northern States Power
Co Minnesota Company
OM
thousands
of December 2012
Energy Supply Year
End Deytattun
Electric
Management lnitatwes 6423Management Initiatives January
405
Management Initiatives March 986
Management Initiatives June 1758Exempt Merit
Ad ustment 274
Accelerations from 2013 into 2012 1148Capitalization potcy review team findinga 2234Capita ization potcy review team findinga scope reduced
280
ES storekeepers moved
to
the warehouse clearing account
447
Sates
tax rebates
599
Emergent reliability maintenance projects
at
the
RD
F plants Black
Dog
and
High Bridge
870
Forecaat reductio is
at Riverside
and
High Bridge primarily
due
to labor vacancies
and cancelled
OM
prOjects
660
King reclamation write-off 2400Nobles operations contract savings
due
to new vendor 125
Riverside acceleration from 2013 into 2012 cancelled
due to leadtime concerns
500
Service organizations reduction
in
plant studies vacancies labor
to
capital projects
ES
VP
consulting coats 1714Turbine Parts Exchange Program
165
Other
174
Sub-total Electnc 8009
Gas
Other
Sub-total
Gas
Other
Other
104
Sub-total Other 104
Other
Page
of
14
-
FPT Report
OM Actua vs Budget Attachment
Northern States Power
Co Minnesota Company
OM thousands
of December 2012
Distribution Operations Year
End Deviation
Electnc
Management Initiatives 4260Management Initiatives January
400
Management Initiatives March 3410ManagementAddbacks Sept /Oct Certury Lirk
and Osmose Pole Programs
650
Exempt Merit Adjustment
100
Storm Escalated Operations
394
Vegetation Management
650
Non commodity
bad debt
312
Prior Year
LRT Impacts
040
Minot Flood
327
Capital/OM reclass
for storms
330
Hurricane Sandy Mutual
Aid
AE
P
and LIPA
841
MutualAid-AEP 220
Dell Rapids
294
Increased costs
for Underground Fault Repair
179
Cable Injectons
212
Obsolete material inventory wrte
off
165
Various other
25
Other
Sub4otal Electnc 2679
Gas
Contract Outside Vendor timing
of
IMP spend
485
Gas
Uti
ity Association Dues
387
ncreased consulting costs meter
rig managemert
168
Hurricane Sandy Mutual
Aid National Grid
143
Sewer Mitigation nor-deferrable costs
157
Non-commodity
Bad debt
190
Gas Safety Deferral
OM
to Deferred
906
Obsolete material inveitory write
off
56
Other
19
Sub-total
Gas 1046
Other
Other
22
Sub-total Other
22
Other
Page
of
14
-
FPT Report
OM Actual vs Budget Attachment
Northern States Power
Co Minnesota Company
OM
thousands
of December 2012
Gac Systeme Year
End Deviation
Electnc
Management Initiatives275
Management Addbacks Sept
Oct Damage Prevention Locates
285
Exempt Ment Adjustment
10
Labor favorable pnnianly
due
to organizationa realignment
161
Lower Electric Damage Prevention Locates than budgeted/forecasted 58
Controlled Employee Expenses
and
Transportation costs
66
Various 48
Other
Sub4otal Electric
58
Gas
Management Initiatives 207
Management Initiatives JanuaryManagement Initiatives March 95
Management Initiatives June
Management Addbacks Sept
Oct Damage Prevention Locates
315
Exempt Merit Adjustment
13
Mutual
Aid
for Hurricane Sandy
188
Increased spend
for corrosion testing
220
Gas Association Dues 61
Wescott unexpected repairs
08
Wescott
LPG tank painting
iso
Gas Damage Prevention Locates 215
Various other
62
Other
Sub-total
Gas
13i1
Othet
Other
Sub-total Other
Other
Page
of 14
-
FPT Report
OM Actua vs Budget Attachment
Northern States Power
Co Mmnesota Company
OM thousands
of December 2012
Transmission Year
End Deviation
Electnc
Management Initiatives 407Management Initiatives January
203
Management Initiatives March
714
Management Initiatives June 354
Management Actions Sept
Oct Cancelled
St Cloud Loop project
620
Management Actions Sept
Oct Increased maintenance plan
to address vibration galloping conductor issues
in
SW Minnesota
700
Management Actions. Sept
Oct Substation pressures
for
OM in
support
of
capital ARCM Thyristors transformer leak rape 470
Exempt Merit Adjustment
12
Field Operations increased focus
on maintenance workplan
in
Q4 vibration galloping conductor issues
in SW
Minnesota
784
MR
O Settlement Transm ssion portion
173
Materal Reserve adjustment
136
Substations increased preventive maintenance portfolio ARCM focus in 04 582
Po tion
of
City
of Fargo project
had overruns that are
not recoverable
286
Cancelled Border Wind G904 project moving
to
OM 728
Work performed on
GR
E assets initially assigned
to
capital work order moved
to OM 100% revenue offset received 100
Operating company
al ocation adjustment
of initial
OM in support
of
capital additions
for Substation Operations
600
Budgeted Transniesion Facility Studies
not realized
due in
part
to new MISO rules
and
uncertainty
of PICa 509
Other 188
Sub-total Electric
899
Gas
Other 40
Sub-total
Gas
40
Other
Other
Sub-total Other
Other
PageS
of
14
-
FPT Report
OM Actual vs Budget AttachmentNorthern States Power
Co Minnesota Company
OM thousands
of December 2012
Operatrons Servroes Year
End Deviabon
Electnc
Management tmtietlves 767
Management Initiatives January
667
Management Initiatives March 50
Exempt Merit Adjustrrent
50
Increased Environmental hazardous waste disposal
and
hauhng costs
due
to the
closing
of
the Chestnut process center
544
Sr
VP
Ops consulting under-run budgeted doflsrs real gned
to Distnbution
107
Increased costsEnvironmental Fees
and Permits
for
the year
69
Environmental Utility Association Dues lower than anticipated
EE
l Supplemental funding
not required
96
Fuels Employee expenses lower than anticipated fewer scheduled tnps
11
Higher Environments Online Information Services costs
18
Environmental employee expenses higher than anticipated more scheduled trips
42
Budoet acliustment spread
to other cost categones
28
Other____________
Sub-total Eectnc 323
Gas Coal Compliance consulting cost under
run
26
Other
60
Sub-total
Gas
86
Other
Sub-total Other
Other
Page
of
14
-
FP
I Report
OM Actual vs Budget Attachment
Northern States Power
Co Minnesota Company
OM thousands
of December 2012
Nuclear Year
End Deviation
Elcctnc
Outage Explanations
MT 2013
RFO Accelerations 1813
P1 tJ2R27
YE vanance
due
to
29
day extension
and delay charges 2050U1R26 YE due to 25 day outage extension 6660
P1 U2R28 Baffle bolts moved from 2R27 outage 758
Outage Subtotal 11281
Non Outage Explanations
Me
it
reduction total Nuclear
902
Monticello-Management Initiatives January
181
Monticello-Management Initiatives-March
842
Monticello-Management Initiatives June
627
Monticello-Management Actions September
573
MT
YE
due
to
Craft labor augmentatior
394
MT Fees
YE FEMA
NR
C
198
MT Contract Services
YE prudency review credit
ard
IT
Cyber Security
270
MT CRIB costs transfe
red from capital
712
MT
ood mitigation materials
831
P1 Management Init atives-January 950
P1 Management Init atives-March 2220
P1 Management Initiatives-June 005
P1 Management Actions-September
P1 Spent Fuel Heat Exchanger capital write down estimate
141
P1 Radiation waste disposal
750
P1 Intake screen repair
220
P1 Obsolete parts
153
P1
NR
C Fukushima Response activities
255
P1 rate contract changes
not known during budget creation
311
P1-01
02 Diesel Forced Outage
911
P1-Backlog initiative
533
P1 Sales
tax adjustment
183
Page
of
14
-
EP
T Report
OM Actual
vs Budget Attachment
Northern States Power
Co Minnesota Company
OM thousands
of December 2012
Nuclear Year
End Deviatron
Secucty Feadcunt ojrtrn
NR
C fees
due
to reactor
fee reduction 1050
Labor
YE
PTO carryover
$1 Craft labor
aug
SM 974
MP Management lnitativesJanuary
190
MP Management lnitiativesMarch 526
MP Management Actions September labor adjustment 947
MP Sales
tax adjustment
MP Timing
of consulting
136
MP
MRO Settlement penalty
78
WebEOC Software 90
Non outage Subtotal 1522
Other 824
Sub4otal Electrro 13627Ttac
Other 12
Sub4otal
Gas
12
ot Nualear
Nuclear Outage Cost Deferral
and Amortization
Electr
Outage Cost Deferral
P1 Urit 2012 outage 1R28 actual costs were higher than budget as additional costs were added 6761
P1
Unit 2012 outage 2R27 actual costs were higher thar budget because
of refue outage timing mitigating action
to reduce 2989contractors
and
the month extension
of
the 2R27 outage
MT outage RF026 actual outage costs were higher than budget as additional costs were added 1812
Outage Cost Deferral Subtotal 11562Outage Cost Amortization
There was no amortization
in
Decerrber 2012
for
the
P1 Unit 2010 outage 1R27
The unit
was expected
to
corre back online 8951
from
the 2012 outage 1R28
in December2012
but
did
not come back online until aruary 2013
The
budget
had this
unit
com
ng back online ir November 2012
P1
Unit 22012 outage 2R27 amortization
is
lower than budget
due
to
the
two month outage extension
and 1395movog
$1
7M of
OM
for baffle bolt project
to P1
Un 2013 outage 2R28
Outage Cost Amortizabon Subtotal 4290Other
Subtotal Electric 158521
PageS
of
14
-
FPT Report
OM Actual vs Budget Attachment
Northern States Power
Co Minnesota Company
OM thousands
of December2012
Shared Services Consolidated Year
End Deviation
Corporate Services
Merit Reductions457
Merit Reinstatement
137
Bad Debt
Management initiatives January
580
Management initial yes June
357
Bad Debt change
due
to net writeoffs/reserve change
and revenues
987
Business ServIces
Management Initiatives January
731
Management Initiatives March
446
Management Addbacks Sept
Oct Additions spending granted
for Property Services
800
Additional spending granted
for Property Services Funded within Corporate Services organization
108
Change
in
the labor allocation pnmsnly resulting from work
on
the PSC0 electric rate case
and Energy Supply
300
decrease
in
the facilities allocation
of expense from
the addition
of new Supply Chain business units resulting
151
iii iiiuie fauiliies uusts alluuated
to Othoi iloaiiiiis
Inn is uffwt
by au uuuuroase
iii uusts alluuatod
to f4SPM
and NSPW
due
primarily
to rate case work PSC0 experienced
net decrease from updating
the facilities
allocations
as labor
in 1800 Larimer shifted
to
the North Facilities allocations are based on labor
and
are updated quarterly
Aviation refurbishment costs
to be reimbursed
by
BO
A
196
Business Systems
Management initiatives January
906
Management initiatives March
403
IBM contract reductions 2208
Incremental
OM required
for preliminary capital
pro ecta 1265
Additional mobile date terminals Safety Cameras Security Card Readers Performance monitors
and
PB
X switches 1055
Also
in sourcing Critical Information Protection function
and move from leased
to
private infrastructure
Shared Asset Calculation 4473
Updated digital ocators
in
April
and other allocation changes
in 2012 5692Budget System Upgrade
Windows redesign
for Nulcear
103
Software compliance license
not forecasted
165
Network inventory wnte
oft
652
Wr
te off
of
nd predictor project
173
Critical Information Protection fines
87
BM True
Up Entry
69
Page
of 14