February 2nd, 2017
Xcel’s 2016 Earnings Call was this morning. Look at the above chart, pay close attention to the numbers I’ve highlighted in yellow. 2016 4th Quarter sales growth is down 0.6%. Yearly sales decrease is -0.3%. Here’s the rest of the Earnings Call Presentation:
Remember CapX 2020, based on projections of annual increases of 2.49%. Remember Commerce’s Steve Rakow who introduced the most bizarre chart ever in an effort to prop up need for CapX 2020, one without identifying the X axis or Y axis and just a sine wave trending sharply upward? Yea, this one…
Hasn’t worked out that way, has it… the 2016 10-K isn’t filed yet, so there’s only 2015 to go on, though looking at their 10-Q for summer, I expect it’s flat at best.
So with sales down, I presume it’ll be flat peak demand? It’s not disclosed in the 3rd Quarter 10-Q. Xcel, we’ll be looking for that this month in your 10-K filing!