Actua. FPT Budget Attachment. Report Minnesota Company. Northern States Power December end. year. coverage. from end year. for.

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1 FPT Budget Attachment Actua OM Report Mnesota mpany Norrn States Power December 2014 thouss OM Fancial Operations end Management itiative reductions General unsel electric rates consultg Transfer operatg company shifts open positions timg mpany labor reductions end year PTO nsultg operatg company shifts year loss experience excludg management itiatives improvement Property surance reductions from 1203 coverage year loss hisry shift on General liability surance updated Op splits based 541 end year escalations excludg management itiatives general liability with adjusted excess general liability surance coverage Excess liability surance shift Au liability surance excellent loss experience with reductions more than fsettg creased coverage Nuclear property surance 2013 plant shutdown periods Nuclear liability surance cludg returned premiums Nuclear liability surance Industry Credit Ratg Plan ICRP reserve premium refund cludg 2013 true-up end year Nuclear Electric Insurance Limited distribution excludg management itiatives base rates State Energy Policy-SEP costs from rider recovery shift Indirect regulary fees 3827 end year Regulary fees rate case expense write fs excludg NSPM shifts from rider recovery advance determation projects North Dakota regulary fees cludg payments refunds Indirect regulary fees ratg agency fees Reduction Or usage hirg plans PTO position updates timg by Revenue Group Labor ecast driven Sponsorships Lower Donations Mneapolis Municipalization costs 1225 timg Reduction Resource planng nsultg/pressional Services NSPM Regulary staffg plan update Management Initiatives Fee Homesmart Licensg Or TotatRevepue Giroup 8091 General unsel Monticello Prudence review outside legal costs Management Initiatives usage PTO timg updatg staffg plans Labor Various outstg matters with small dividual variances Or Tota enera1 Gounset 13 11

2 FPT are Budget Attachment Actual OM Report Mnesota mpany Norrn States Power December 2014 thouss OM External Affairs consultg Management itiative reduclions fund $1M Xcel Foundation 2014 fundg company shifts from subsidiaries with tal fundg reductions additional community sponsorships mmunity sponsorships Political contributions Civic executive directives per fundg pre Xcel Foundation Or External Affairs 2827 Chief Executive Officer consultg Management itiative reductions discretionary expenseslchairmans Fund CEO Reduced activity Or Executive Officer $ef rporate Or credit card employee accrual BMO A/P Net Interchange Credits safety concems Brookgs project workg Xcel crews Difference AG Tax Use mpany CAPX 2020 Permanent Dist Operations 7439 Credits Set First 29 Transfer Or rnorate Or L

3 FPT are Budget Attachment Actua OM Report Mnesota mpany Norrn States Power December 2014 thouss OM Devabon Benefits asset returns 1770 discount rate mmission favorability by unfavorable demographics fset Higher costs overall pension maly Lower nonqualified pension costs ir employer retirement contribution true-up employer retirement contribution costs based NMC NMC Prior year updated calculation on Higher updated calculations on Higher 401K match based Prior year 401K match twe-up AU by recent decision qualified pension expense MN recorded 2014 deferrals electric Both 2013 ND 2014 by normalization accountg chanqe approved qualified pension expense lncrease Decrease unions receivg pension reimbursement from Lower retirement related consultg costs higher health care claims 1285 active healthcare costs maly 2013 IBNR accrual Changes Adjustment Hipher retiree medical costs unfavorable demographics by discount rate assumption fset crease an costs overall maly long term disability 112 FAS workers compensation costs overall maly Lower Higher unfavorable demographics experience 2013 plan reversal portion 2013 plan reserve 1200 fal results aioo rankgs payment Annual centive true-up recorded updatg Higher annual centive costs 897 Higher restricted sck units 451 year Lower permance share plan costs OM Award costs On Spot Changes ntribution costs s Higher permance recognition Unrecoverable recognition costs labor charged decrease by maly driven but or costs OM splits changes Due Or 13 13

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5 XceIEnergy Suppemental Reports NSPM mpany Electric Utility Operatg Matenance Expenses This section contas summaries most recent five years hisrical operatg matenance expenses NSPM mpany electric utility Five annual schedules provide actual budget expenditures cludg variance percent variance periods 2010 through 2014 The expenses are summarized by FERC functional class listed by FERC account The expenses summarized se schedules reflect departmental expenses curred by mpanys busess areas as well as NSP transmission terchange agreement charges from NSPW NSPM These summaries do clude non-utility below le FERC accounts The purpose se schedules is enable comparison NSPM mpanys annual actual budget electric utility operatg matenance expenses by FERC account over most recent five hisrical years The schedules this section are consistent with those shown Table NSPM mpany Electric Utility Actual Budget OM with mpany witness Gregory Robsons direct testimony discussion regardg accuracy mpanys budgets its actual costs

6 NSP Mnesota mpany 2010 Electric Operatg Matenance Expenses By Functional Class FERC Account Functional Class Sub-Functional Class CFR FERC Account Budget Actual Variance Variance Production Steam 500- Stm Prod Op Supr % 501 Stm Gen Fuel % 502- Steam Expenses Major % 505- Stm Gen Elec Exp Major % 506- Misc Steam Pwr Exp % 507-Stm PowGen Rents % 510-Stm MatSuperEng % 511 Stm Mat Structures % 512-Stm Mat Boiler PIt % 513- Stm Mat Elec Plant % 514- Stm Mat Misc Stm PIt % Steam % Nuclear 517- Nuc Oper Super Eng 519 Nuclear coolants Wtr Expense 520 Nuclear Steam 523 Nuclear Electric Expense 524 Nuclear Power Misc Exp 525 Nuclear Gen Rents 528 Nuc Mat Super Eng 529 Nuc Mat Structures 530 Nuc Mtc React PIt Equip 531 Nuc Mat Elect Plant 532 Nuc Mtc Misc Nuc Plant % % % % % % % % % % % Nuclear % Hydro 535 Hyd Oper Super Eng 536 Hyd Oper Water Pwr 537 Hydro Oper Hydraulic Exp 538 Hyd Oper Electric Exp 539 Hydro Oper Misc Gen Exp 540 Hyd Oper Rents 541 Hydro Mtc Super Eng 542 Hyd Mat Structures Mtc Resv Dams 543 Hydro % NA NA NA % % % NA % 544 Hyd Mat Elec Plant % 545 Hyd Mt Misc Hyd PInt Mjr % Hydro % Or 546 0th Oper SuperEng 547 0th Oper Fuel % NA Or 548 0th Oper Gen Exp 549 0th Oper Misc Gen Exp 550 0th Oper Rents 551 0th Mat Super Eng 552 0th Mat Structures 553 0th Mtc Gen Ele Plant PIt Mjr 554 0th Mtc Misc Gen % % % NA % % % % Purchased Dem Purchased Dem 556 Load Dispatch 557 Or Power 0th Exp % % % Energy Markets Operation Supervision % DA RT Mkt Adm NA Trans Rights Mkt Adm NA Ancillary Serv Mkt Adm % Mkt Monirg/mpliance % Regional Market Rents % Energy Markets % Production %

7 NSP Mnesota mpany 2010 Electric Operatg Matenance Expenses By Functional Class FERC Account Functional Class Sub-Functional Class CFR FERC Account Budget Actual Variance Variance 560 Trans Oper Super Eng % 561 Trans Oper Load Dispatch NA Load Disp-Reliability % Load Disp-Monir/Operate % Load Disp-Trans Serv/Sch % Rel/Plan/Stards Dev % Trans Service Studies % Gen lnterconn Studies % 562 Trans Oper Station Exp % 563-Trans Oper OH Les % 564-UG Le Exp NA 565- Trans Elec By Ors NA 566 Trans Oper Misc Exp % 567- Trans Rents % 568- Trans Mtce Super Eng % 569 Trans Mat Structures NA 570 Tran Mnt Station Equip % 571 Trans Mt Overhead Le % 572- Trans Mat UG les NA 573 Trans Mtc Misc PIt Mjr % % Distribution 580 Dist Oper Sup Eng Dist Dispatchg 581 Load % 8.2% 582- Dist Op Station Exp % 583- Dist Oper Overhead Les % 584- Dist Op UG Elec les % 585- Dist Oper Streetlight % 586 Dist Oper Meter Exp Dist Oper Cust Install % -20.9% 588- Dist Oper Misc Exp % 589 Dist Rents % 590 Dist Mtc Super Eng % 592- Dist Mt Station Equip % 593- Dist Mtc Overhead LInes % 594- Dist Mt Undergrnd Le % 595- Dist Mt Le Transm % 596 Dist Mtc Streetlights % 597 Dist Mtc Meters % 598 Dist Mat Dist Plant NA Distribution % Cusmer Accountg 901 CustAcct Supervise % 902- CustAcct Meter Read % 903- CustAcct Recrds li % 904- CustAcct Uncollect % 905 Cust Acct Misc % % Cusmer Accountg Cusmer Service Info 908 Cusmer Asst Expense % 909- Cust Serv Instruct Adver % Cusmer Service Info % Sales 912- Sales Demo Sales % Sales %

8 NSP Mnesota mpany 2010 Electric Operatg Matenance Expenses By Functional Class FERC Account Functional Class Sub-Functional Class CFR FERC Account Budget Actual Variance Variance Admistrative General 920 -AG Salaries % 921 AG Office Supplies % 922 AG Admn Transfer Crdt % 923 -AG Outside Services % 924 AG Property Insurance % 925 -AG Injuries Damages % 926 -AG Pen Ben % 928 -AG Regulary mm Exp % 929 -AG Duplicate Chrg Crdt % AG General Advertisg % AG Misc General Exp % 931 -AG Rents % 935 AG Mat Gen PLT % Admistrative General % OM FERC Accounts %

9 NSP Mnesota mpany 2011 Electric Operatg Matenance Expenses By Functional Class FERC Account Functional Class Sub-Functional Class CFR FERC Account Budget Actual Variance Variance Production Steam 500- Stm Prod Op Supr % 501 Stm Gen Fuel % 502- Steam Expenses Major % 505- Stm Gen Elec Exp Major % 506- Misc Steam Pwr Exp % 507- Stm Pow Gen Rents % 509- S02 Allowances NA 510- Stm Mat SuperEng % 511 -Stm Mat Structures % 512- Stm Mat Boiler Pit % 513- Stm Mat Eiec Plant % 514-Stm Mat MiscStm Pit % Steam % Nuclear 517- Nuc Oper Super Eng % 519- Nuclear coolants Wtr % 520 Nuclear Steam Expense 523 Nuclear Electric Expense % % 524 Nuclear Power Misc Exp 525 Nuclear Gen Rents % % 528 Nuc Mat Super Eng 529 Nuc Mat Structures % % Nuclear 530 Nuc Mtc React Pit Equip 531 Nuc Mat Elect Plant 532 Nuc Mtc Misc Nuc Plant % % % % Hydro 535 Hyd Oper Super Eng 536 Hyd Oper Water Pwr 537 Hydro Oper Hydraulic Exp 538 Hyd Oper Electric Exp % NA NA % Hydro Oper Misc Gen Exp Hyd Oper Rents % % 541 Hydro 542 Hyd 543 Hydro Mtc Super Eng Mat Structures Mtc Resv Dams % NA % 544 Hyd Mat Elec Plant % 545 Hyd Mt Misc Hyd Pt Mjr % Hydro % Or 546 0th Oper SuperEng 547 0th Oper Fuel % NA 548 0th Oper Gen Exp % 549 0th Oper Misc Gen Exp % 550 0th Oper Rents % 551 0th Mat Super Eng % 552 0th Mat Structures 553 0th Mtc Gen Ele Plant % % 554 0th Mtc Misc Gen Pit Mjr % Or % Purchased Dem 556 Load Dispatch % Purchased Dem 557 Or Power 0th Exp % % Energy Markets Operation Supervision % DA RT Mkt Adm Rights Trans Mkt Adm % NA Ancillary Serv Mkt Adm % Mkt Monirg/mpliance % Regional Market Rents % Energy Markets % Production %

10 NSP Mnesota mpany 2011 Electric Operatg Matenance Expenses By Functional Class FERC Account Functional Class Sub-Functional Class CFR FERC Account Budget Actual Variance Variance 560- Trans Oper Super Eng % Load Disp-Reliability % Load Disp-MonirlOperate % Load Disp-Trans Serv/Sch % Rel/Plan/Stards Dev % Trans Service Studies % Gen lnterconn Studies % Rel/Plan/Stards Dev Serv NA 562 Trans Oper Station Exp % 563- Trans Oper OH Les % 564- UG Le Exp NA 565-Trans Elec By Ors NA 566- Trans Oper Misc Exp % 567- Trans Rents % 568- Trans Mtce Super Eng % 569- Trans Mat Structures NA 570- Tran Mnt Station Equip % 571 Trans Mt Overhead Le % 572- Trans Mat UG les NA 573- Trans Mtc Misc PIt Mjr % % Distribution 580 Dist Oper Sup Eng % 581 Dist Load Dispatchg % 582 Dist Op Station Exp % 583- Dist Oper Overhead Les % 584- Dist Op UG Elec les % 585- Dist Oper Streetlight % 586- Dist Oper Meter Exp % 587- Dist Oper Cust stall % 588- Dist Oper Misc Exp % 589- Dist Rents % 590- Dist Mtc Super Eng % 592 Dist Mt Station Equip % 593 Dist Mtc Overhead Les % 594- Dist Mt Undergrnd Le % 595- Dist Mt Le Transm % 596- Dist Mtc Streetlights % Distribution 597 Dist Mtc Meters % 598 Dist Mat Dist Plant NA % Cusmer Accountg 901 Cust Acct Supervise % 902- CustAcct Meter Read % 903- CustAcct Recrds ll % 904- CustAcct Uncollect % 905 Cust Acct Misc % % Cusmer Accountg Cusmer Service fo 908- Cusmer Asst Expense % 909- Cust Serv InstructAdver % Cusmer Service fo % Sales 912- Sales Demo Sales % Sales %

11 NSP Mnesota mpany 2011 Electric Operatg Matenance Expenses By Functional Class FERC Account Functional Class Sub-Functional Class CFR FERC Account Budget Actual Variance Variance Admistrative General 920 AG Salaries % 921 AG Office Supplies % 922 AG Admn Transfer Crdt % 923 AG Outside Services % 924 AG Property Insurance % 925 AG Injuries Damages % 926 AG Pen Ben % 928 AG Regulary mm Exp % 929 AG Duplicate Chrg Crdt AG General Advertisg % % Admistrative General AG Misc General Exp 931 -AG Rents 935 AG Mat Gen PLT % % % % OM FERC Accounts %

12 NSP Mnesota mpany 2012 Electric Operatg Matenance Expenses By Functional Class FERC Account Functional Class Sub-Functional Class CFR FERC Account Budget Actual Variance Variance Production Steam 500 Stm Prod Op Supr % 501 Stm Gen Fuel % 502- Steam Expenses Major % 505- Stm Gen Elec Exp Major % 506-MiscSteam PwrExp % 507- Stm Pow Gen Rents % 510 Stm Mat SuperEng % 511 -Stm Mat Structures % 512 Stm Mat Boiler PIt % 513 Stm Mat Elec Plant % 514- Stm Mat Misc Stm PIt % Steam % Nuclear 517- Nuc Oper Super Eng 519- Nuclear coolants Wtr 520 Nuclear Steam Expense 523 Nuclear Electric Expense 524 Nuclear Power Misc Exp 525 Nuclear Gen Rents 528 Nuc Mat Super Eng 529 Nuc Mat Structures 530 Nuc Mtc React PIt Equip 531 Nuc Mat Elect Plant 532 Nuc Mtc Misc Nuc Plant % % % % % % % % % % % Nuclear % Hydro Hydro 535 Hyd Oper Super Eng 536 Hyd Oper Water Pwr 537 Hydro Oper Hydraulic Exp 538 Hyd Oper Electric Exp 539 Hydro Oper Misc Gen Exp 540 Hyd Oper Rents 541 Hydro Mtc Super Eng 542 Hyd Mat Structures 543 Mtc Resv Dams Hydro 544 Hyd Mat Elec Plant 545 Hyd Mt Misc Hyd Pt Mjr % NA NA % % % % % % % % % Or Or 546 0th Oper SuperEng 547 0th Opel Fuel 548 0th Opel Gen Exp 549 0th Opel Misc Gen Exp 550 0th Opel Rents 551 0th Mat Super Eng 552 0th Mat Structures 553 0th Mtc Gen Ele Plant PIt Mjr 554 0th Mtc Misc Gen % NA % % % % % % % % Purchased Dem Purchased Dem 556 Load Dispatch 557 Or Power 0th Exp % % % Energy Markets Energy Markets Operation Supervision DA RT Mkt Adm Trans Rights Mkt Adm Ancillary Serv Mkt Adm Mkt Monirg/mpliance Regional Market Rents % % NA % % % % Production %

13 NSP Mnesota mpany 2012 Electric Operatg Matenance Expenses By Functional Class FERC Account Functional Class Sub-Functional Class CFR FERC Account Budget Actual Variance Variance 560 Trans Oper Super Eng % Load Disp-Reliability % Load Disp-Monir/Operate % Load Disp-Trans Serv/Sch % Rei/Plan/Stards 0ev % Trans Service Studies % Gen lnterconn Studies % Rel/Plan/Stards Dev Serv NA 562-Trans Oper Station Exp % 563- Trans Oper OH Les % 564 UG Le Exp NA 565- Trans Eiec By Ors NA 566- Trans Oper Misc Exp % 567- Trans Rents % 568- Trans Mtce Super Eng % 569 Trans Mat Structures NA 570- Tran Mnt Station Equip % 571 -Trans Mt Overhead Le % 572- Trans Mat UG les NA 573 -Trans Mtc Misc PIt Mjr % % Distribution 580- Dist Oper Sup Eng % 581 Dist Load Dispatchg % 582- Dist Op Station Exp % 583 Dist Oper Overhead Les % 584- Dist Op UG Elec les % 585 Dist Oper Streetlight % 586- Dist Oper Meter Exp % 587- DistOperCuststall % 588- Dist Oper Misc Exp % 589- Dist Rents % 590 Dist Mtc Super Eng % 592 Dist Mt Station Equip % 593- Dist Mtc Overhead Les % 594- Dist Mt Undergrnd Le % 595- Dist Mt Le Transm % Distribution 596- Dist Mtc Streetlights % 597- Dist Mtc Meters % 598- Dist Mat Dist Plant NA % Cusmer Accountg 901 Cust Acct Supervise % 902-CustAcct Meter Read % 903 Cust Acct Recrds li % 904- Cust Acct Uncollect % 905-CustAcct Misc % Cusmer Accountg % Cusmer Service fo 908- Cusmer Asst Expense % 909- Cust Serv struct Adver % Cusmer Service fo Totai % Sales 912 Sales Demo Sales % Sales % 23

14 NSP Mnesota mpany 2012 Electric Operatg Matenance Expenses By Functional Class FERC Account Functional Class Sub-Functional Class CFR FERC Account Budget Actual Variance Variance Admistrative General 920 AG Salaries Supplies 921 AG Office % % 922 AG Admn Transfer Crdt % 923 AG Outside Services % 924 AG Property Insurance % 925 AG Injuries Damages 926 AG Pen Ben % % 928 AG Regulary mm Exp % 929 AG Duplicate Chrg Crdt % AG General Advertisg % AG Misc General Exp % Admistrative General 931 AG Rents 935 AG Mat Gen PLT % % % OM FERC Accounts %

15 NSP Mnesota mpany 2013 Electric Operatg Matenance Expenses By Functional Class FERC Account Functional Class Sub-Functional Class CFR FERC Account 2013 Budget 2013 Variance %Variance Production Steam 500 Stm Prod Op Supr % 501 Stm Gen Fuel % 502 Steam Expenses % Major 505 Stm Gen Elec Exp Major % 506 Misc Steam Pwr Exp % 507 Stm PowGen Rents % 510 Stm Mat SuperEng % 511 Stm Mat Structures % 512 Stm Mat Boiler Pit % 513 Stm Mat Elec Plant % 514 Stm Mat Misc Stm Pit % Steam % Nuclear 517 Nuc Opel Super Eng % 519 Nuclear coolants Wtr % 520 Nuclear Steam Expense % 523 Nuclear Electric Expense % 524 Nuclear Power Misc Exp % 525 Nuclear Gen Rents % 528 Nuc Mat Super Eng % 529 Nuc Mat Structures % 530 Nuc Mtc React Pit Equip % 531 Nuc Mat Elect Plant % 532 Nuc Mtc Misc Nuc Plant % Nuclear % Hydro Hydro 535 Hyd Oper Super Eng 536 Hyd Oper Water Pwr 537 Hydro Oper Hydraulic Exp 538 Hyd Oper Electric Exp 539 Hydro Oper Misc Gen Exp 540 Hyd Oper Rents 541 Hydro Mtc Super Eng 542 Hyd Mat Structures 543 Hydro Mtc Resv Dams 544 Hyd Mat Elec Plant 545 Hyd Mt Misc Hyd Pt Mjr % NA NA % % % % NA % % % % Or Or 546 0th Oper SuperEng 547 0th Oper Fuel 548 0th Oper Gen Exp 549 0th Oper Misc Gen Exp 550 0th Oper Rents 551 0th Mat Super Eng 552 0th Mat Structures 553 0th Mtc Gen Ele Plant Pit Mjr 554 0th Mtc Misc Gen % NA % % % % % % % % Purchased Dem Purchased Dem 556 Load Dispatch 557 Or Power 0th Exp % % % Energy Markets Operation Supervision DA RT Mkt Adm Rights Trans Mkt Adm Ancillary Serv Mkt Adm % % % % Mkt Monirg/mpliance % Regional Market Rents % Energy Markets % Production %

16 NSP Mnesota mpany 2013 Electric Operatg Matenance Expenses By Functional Class FERC Account Functional Class Sub-Functional Class CFR FERC Account 2013 Budget 2013 Variance Variance 560 Trans Oper Super Eng % Load Disp-Reliability Load Disp-Monir/Operate Load Disp-Trans Serv/Sch Rel/Plan/Stards Dev Trans Service Studies lnterconn Studies Gen Rel/Plan/Stards Dev Serv 562 Trans Opel Station Exp % % % % % % NA % 563 Trans Oper OH Les 564 UG LIne Exp 565 Trans Elec By Ors % 4001 NA 13 NA 566 Trans Oper Misc Exp % 567 Trans Rents % 568 Trans Mtce Super Eng 569 Trans Mat Structures % NA 570 Tran Mnt Station Equip % 571 Trans Mt Overhead Le % 572 Trans Mat UG les 573 Trans Mtc Misc Pit Mjr NA % % Distribution 580 Dist Oper Sup Eng 581 Dist Load Dispatchg % % 582 Dist Op Station Exp % 583 Dist Oper Overhead Les 584 Dist Op UG Elec les 585 Dist Opel Streetlight % % % 586 Dist Oper Meter Exp % 587 Dist Oper Cust Install 588 Dist Oper Misc Exp % % 589 Dist Rents 590 Dist Mtc Super Eng 591 Dist Mt Structures Mjr % % 807 NA 592 Dist Mt Station Equip 593 Mtc Overhead Les Dist 594 Dist Mt Undergrnd Le 595 Mt Le Transm Dist % % % % 596 Dist Mtc Streetlights % 597 Dist Mtc Meters % 598 Dist Mat Dist Plant % Distribution % Cusmer Accountg 901 CustAcct Supervise % 902 CustAcct Meter Read % 903 CustAcct Recrds il % 904 Cust Acct Uncollect % 905 CustAcct Misc % Cusmer Accountg % Cusmer Service Info 908 Cusmer Asst Expense % 909 Cust Serv structadver % Cusmer Service Info % Sales 912 Sales Demo Sales % Sales %

17 NSP Mnesota mpany 2013 Electric Operatg Matenance Expenses By Functional Class FERC Account Functional Class Sub-Functional Class CFR FERC Account 2013 Budget 2013 Variance Variance Admistrative General 920 AG Salaries % 921 AG Office Supplies 922 AG Admn Transfer Crdt 923 AG Outside Services % % % 924 AG Property Insurance % 925 AG Injuries Damages 926 AG Pen Ben % % 928 AG Regulary mm Exp % 929 AG Duplicate Chrg Crdt AG General Advertisg % % Admistrative General AG Misc General Exp 931 AG Rents 935 AG Mat Gen PLT % % % % OM FERC Accounts %

18 Functional NSP Mnesota mpany 2014 Electric Operatg Matenance Expenses By Functional Class FERC Account Class Sub-Functional Class CFR FERC Account 2014 Budget 2014 Variance Variance Production Steam 500 Stm Prod Op Supr % 501 Stm Gen Fuel % 502 Steam Expenses Major % 505 Stm Gen Elec Exp Major % 506 Misc Steam Pwr Exp % 507 Stm Pow Gen Rents % 510 Stm MatSuperEng % 511 Stm Mat Structures % 512 Stm Mat Boiler Pit % 513 Stm Mat Elec Plant % 514 Stm Mat Misc Stm Pit % Steam % Nuclear 517 NucoperSuper Eng % 519 Nuclear coolants Wtr % 520 Nuclear Steam Expense % 523 Nuclear Electric Expense % 524 Nuclear Power Misc Exp % 525 Nuclear Gen Rents % 528 Nuc Mat Super Eng % 529 Nuc Mat Structures % 530 Nuc Mtc React Pit Equip % 531 Nuc Mat Elect Plant % 532 Nuc Mtc Misc Nuc Plant % Nuclear % Hydro 535 Hyd Oper Super Eng % 536 Hyd Oper Water Pwr NA 537 Hydro Oper Hydraulic Exp % 538 Hyd Oper Electric Exp % 539 Hydro Oper Misc Gen Exp % 540 Hyd Oper Rents % 541 Hydro Mtc Super Eng 542 Hyd Mat Structures 543 Hydro Mtc Resv Dams % NA % 544 Hyd Mat Elec Plant % 545 Hyd Mt Misc Hyd Pt Mjr % Hydro % Or Or 546 0th Oper SuperEng 547 0th Oper Fuel 548 0th Oper Gen Exp 549 0th Oper Misc Gen Exp 550 0th Oper Rents 551 0th Mat Super Eng 552 0th Mat Structures Ele 553 0th Mtc Gen Plant 554 0th Mtc Misc Gen Pit Mjr % NA % % % % % % % % Purchased Dem Purchased Dem 556 Load Dispatch 557 Or Power 0th Exp % % % Energy Markets Operation Supervision DA RT Mkt Adm Trans Rights MktAdm Ancillary Serv Mkt Adm % % % % Mkt Monirg/mpliance % Regional Market Rents % Energy Markets % Production %

19 NSP Mnesota mpany 2014 Electric Operatg Matenance Expenses By Functional Class FERC Account Functional Class Sub-Functional Class CFR FERC Account 2014 Budget 2014 Variance Variance 560 Trans Oper Super Eng % Load Disp-Reliability % Load Disp-Monir/Operate % Load Disp-Trans Serv/Sch Rel/Plan/Stards Dev Trans Service Studies Gen terconn Studies % % % % Rel/PIan/Stards Dev Serv % 562 Trans Oper Station Exp Oper 563 Trans OH Les 564 UG Le Exp % % NA 565 Trans Elec By Ors NA 566 Trans Oper Misc Exp % 567 Trans Rents 568 Trans Mtce Super Eng 569 Trans Mat Structures % % NA 570 Tran Mnt Station Equip % 571 Trans Mt Overhead Le % 572 Trans Mat UG les % 573 Trans Mtc Misc PIt Mu % % Distribution 580 Dist Oper Sup Eng % 581 Dist Load Dispatchg % 582 Dust Op Station Exp % 583 Dust Oper Overhead Les % 584 DistOp UG Elec les % 585 Dist Oper Streetlight % 586 Dist Oper Meter Exp % 587 DistOperCust Install % 588 Dist Oper Misc Exp % 589 Dist Rents % 590 DistMtcSuper Eng % Dist Mjr 591 Mt Structures NA 592 Dist Mt Station Equip % 593 Dist Mtc Overhead Les % 594 Dust Mt Undergrnd Le % 595 Dist Mt Le Transm % 596 Dist Mtc Streetlights % 597 DistMtcMeters % 598 Dist Mat Dist Plant % Distribution % CusmerAccountg 901 CustAcctSupervise % 902 Cust Acct Meter Read % 903 Gust Acct Recrds Il % 904 Gust Acct Uncollect % 905 Cust Acct Misc % % Cusmer Accountg Cusmer Service Info 908 Cusmer Asst Expense % 909 Cust Serv Instruct Adver % Cusmer Service Info % Sales 912 Sales Demo Sales % Sales %

20 NSP Mnesota mpany 2014 Electric Operatg Matenance Expenses By Functional Class FERC Account Functional Class Sub-Functional Class CFR FERC Account 2014 Budget 2014 Variance %Variance Admistrative General 920 AG Salaries % 921 AG Office Supplies 922 AG Admn Transfer Crdt % % 923 AG Outside Services % 924 AG Property Insurance % 925 AG Injuries Damages % 926 AG Pen Ben % 928 AG Regulary mm Exp % 929 AG Duplicate Chrg Crdt % AG General Advertisg % AG Misc General Exp % 931 AG Rents 935 AG Mat Gen PLT % % Admistrative General % otal OM FKU Accounts %

21 Reports Team CAPITAL FINANCIAl Permance NSPM

22 XceIEnergy Suppementa Reports Fancial Permance Team FPT Capital Expenditure Reports This section contas explanations significant differences between NSPM mpanys year end actual budget busess area departmental capital expenditures previous five years The purpose se schedules is provide reports that were reviewed used each month by executives Xcel Energy Fancial uncil govern companies capital expenditures Toger se reports dicate mpanys hisrical actual versus budget permance provide explanations variances The FPT schedules provided Section are those referenced by mpany witness Gregory Robson with his direct testimony discussion regardg accuracy mpanys budgets its actual cost These reports are consistent with values shown Table NSPM mpany Actual Budget Capital with his testimony The tal capital expenditure amounts summarized on FPT reports clude NSPM mpany electric gas common utility expenditures

23 FPT Budget Mnesota mpany Norrn States Power December 2010 Caiital thouss 2010 Budget Difference C/H Nuclear Generation Talent Tech Cusmers Distribution Chief Executive Officer 202 rporate Services $ C/H Major Projects project approval capital OM repowerg project moved engeerg dollars from Dog Black contgency reduction variance CM High Bridge MERP creased legal expenditures adjustment CM Merricourt Wd 6599 at capital spares classified ecast change Nobles Wd Current month-schedule change from origal budget out greasg skids moved is budget variance lower than contracted cost delayed lube system progress contgency reduction $-4.6m 2011 $-2.Om contgency reduction 1863 Kg MERP Riverside Target Adjustment Merricourt Wd Target Adjustment Sherco Unit overhaul moved Base Projects srage security cameras 2150 C02 boiler removal yard garage concrete apron CEMS NRG 2010 projects from catalyst stall dollars moved SCR layer new 3rd Kg Kg 2010 project 1386 new Kg AQCS baghouse bags replacement Dustless Trans Project deferred later year TH2 Kg HAZOP Carryover from 2009 wt lime slaker ball mill Kg 2870 use future deferred Kg reclamation site project moved from capital 2010 projects CEMS transmer high river road/rail security pavg precipitar sixth floor wall 1950 control room wails/ceilgs 1290 floor wall 2010 projects sixth new new Dog Dog Black Black 12

24 FPT Budget Mnesota mpany Norrn States Power December 2010 Caital thouss 2010 Budget Difference C/H Nuclear Generation Talent Tech Cusmers Distribution Chief Executive Officer 202 rporate Services $ C/H 656 bridges 316b project Xg gate penthouse sulation RR estimates new received project b 31 portion Cedar Discharge emergent replacement 249 December $-800k surance payment by Unit generar repair-emergent project fset compressor-excessive blade movement moved project from US Dog Dog Dog Dog Black Black Black Black 625 venry High Bridge combustion turbe kits moved budget 1660 pond project ponds removal pond removal-creased project cost ash 840 project new boiler asbess remediation Valley Valley plants 1545 at fset undesignated fund-current month emergent monirs 1450 CO2 screenhouse ro 2010 projects walkg floor front loader truck scale baghouse bags new Wg MN MN MN Red control room partial work done new Riverside construct heater baskets emergent project 2176 air Sherco 880 heatg scrubber buildg ro wtr Sherco emergent projects cables replaced mapper buildg CESP stacker truck slakg future years moves cancelled projects 3S by fset reduced work needed prelimary project plan Early construction start-work completed Ext Vert Sherco Pond 920 vendor milesne support Sherco Programmable Logic mputer-additional fundg Jot U3 payments also ownership change from meet compliance date 7277 boiler arch 1480 Sherco Uprate Sherco mercury emissions reduction-delay replacement reduction contgency pendg mgmt structions-cashflow shift 2013 U12 U overhaul U2 breechg expansion jot generar bushg replacement-emergent projects associated with U2 trailer utility vehicle replacement monir equip job AC room fan 2010 projects boiler sk casg control/id new Sherco Wilmarth Or C/H 12

25 FPT Budget Mnesota mpany Norrn States Power December 2010 Capital thouss 2010 Budget Difference C/H Nuclear Generation Talent Tech Cusmers Distribution Chief Executive Officer rporate Services $ Gen Nuclear Security Requirements NRC Target Adjustment Emergent Target Adjustment NFPA fire protection program requirements Model 1100 Target Adjustment Prairie Isl facility plan support Target Adjustment Monticello NFPA 805 Target Adjustment strument compressor 7715 Target Adjustment Nuclear fuel 3100 air P1 ecasted 9031 as completed Prairie Isl Extended Power Uprate project work 900 Prairie Isl facility plan delayed until 2011 fsets target adjustment scope changes Prairie Isl Foxboro H-le project delayed Prairie Isl emergent security requirements delayed mpressor Replacement emergent 2010 project 3059 Air Prairie Isl Station cask design legal fees reclassed from License Renewal TN GLO8O1 Ventg System emergent 2010 project 3659 U2 Prairie Isl Prairie Isl Prairie Isl Warehouse project cancelled 1400 improvement approved ecast change 3200 KV Monticello Busess Systems timg -IT equipment moved is CM Monticello extended power uprate project budget ecast 1100 actual costs Monticello base capital projects unfavorable timg Nuclear Fuel -USEC moved January 2011 enrichment delivery December 2010 CM-timg from origal budget Gen Or Nuclear 12

26 FPT Budget Mnesota mpany Norrn States Power December 2010 Capital thouss 2010 Budget Difference EnergySupply-C/H Nuclear Generation Talent Tech Cusmers Distribution Chief Executive Officer 202 rporate Services $ TTC Origal budget uncommitted 5955 Monticello outage 1742 higher than ecasted target transfer origal budget use Refresh use OAM PC origal budget 1725 Radio project lower than budgeted project delayed 4354 CCWO Services origal budget 1216 use origal budget 1205 use Enterprise Project Mgmt origal budget 1422 origal budget 2210 origal budget 1540 use use use Upgrade PeopleSt ediscovery project Server Virtualization Or TTC 12

27 FPT Budget Mnesota mpany Norrn States Power December 2010 Capital thouss 2010 Budget Difference C/H Nuclear Generation Talent Tech Cusmers Distribution Chief Executive Officer 202 rporate Services $ Distribution CIAC 502 significant variances No CIAC CONSTRUCTION NEW ELECTRIC Delayed projects 4846 Various Feeder Projects $2.6M M $1.2M $1 budget cluded Service programs $5.OM Projects New Service New budget $2.8M cluded Capacity Projects delayed $1.7M Projects STREET LIGHTS Street Lights Street Light programs higher than ecasted $1.2M 1187 ELECTRIC RECONSTRUCTION M.8M $1 $1 budget $0.4M Projects delayed cluded Asset Health Asset Health programs $2.5M Projects Pole replacement projects downwn $0.5M Deck Top Srm Damage $8.OM Replace Vault Paul $10.7M St LRT budget $1.7M Mate programs $1.2M Relocate cluded Mates Projects Avenue $0.4M 2nd on Install Ductle Relocate Rice Street feeders $0.6M Cable/Feeder Replacement $3.8M 2962 URD Accelerated Reliability REMS projects $0.4M 7563 Recement Projects $3.2M Cap Sub budget $0.4M cluded DISTRIBUTION SUBSTATIONS Capacity Capacity programs $0.4M Projects Scope changes $0.6M Projects $4.OM ROW Subs L 586 Asset Health Subs Equipment Replacement projects $0.6M CONSTRUCTION service conversion program $0.8M 1447 Gas NSM Projects delayed $0.3M.7M $1 service programs New Service NEW New GAS 305 Capacity Programs $0.3M Gas Capacity 12

28 FPT Budget Mnesota mpany Norrn States Power December 2010 Caital thouss 2010 Budaet Difference C/H Nuclear Generation Talent Tech Cusmers Distribution Chief Executive Officer rporate Services $ Distribution RECONSTRUCTION GAS Cast Iron replacement programs $0.4M 1717 Ma Relocation projects $2.5M 1446 Asset Health Century Pipe/Services $1.2M Mates Mate programs $1.IM GAS HIGH PRESSURE Amocam slim 1461 Gas HP Meters $1.3M 8183 PURCHASES OTHER Purchase Cellnet Meters/Modules $3.4M Xfmrs $3.5M 217 allocation ES Fleet lease buyout $2.5M 5238 unit purchases $2.6M New Fleet Or 1586 Distribution 3786 Target Adjustments MN CAPX2O2O Brookgs Midwn Hiawatha 7172 Approved Base Capital Fundg 631 1/2 bkr Chemolite ntrol 1691 Cap Chisago -Series budget create cycle 1767 cluded durg distribution driven Project Sub Eden Prairie 12

29 FPT Budget Mnesota mpany Norrn States Power December 2010 Caitat thouss 2010 Budget Difference C/H Nuclear Generation Talent Tech Cusmers Distribution Chief Executive Officer rporate Services $ Obsolete Breaker Replacements NSPM 2 ELR Forbes Sub DT G287 enxco Nobles HPFF Mneapolis Transmer failure TR9 Inver Hills MONTI Capbank 1652 NSPM Major Le Refurbishment Sub 112 Sub Parkers Lake Rock Split brk Brk Overstressed Overstressed Relay Project NSPM Spare Xfmr NSPM Spare Xfmr Sub SE SE P1 SHERCO Capbank 2785 budget 2771 Maple Grove Service Center composite mats miscellaneous ols Tool Spend test sets 1472 misc ols Substation Base Capital Approvals COM Tools 8352 out buy Transportation NSPM Project approved after origal budget create $2.IM Trencher Plus outs buy lease RDO.4M $1 bucket trucks two Sub $850K Mallard support CapX Fargo project required le Underlyg Fargo Le Relocation 12