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:

1001219517_Presentation_Year End 2016

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!

How many nuclear plants near today’s earthquakes in the US?  Dominion’s North Anna nuclear plant is right there, and was shut down:

Dominion’s North Anna Nuclear Plant Loses Power After Quake

Quake raises safety concerns as US nuclear plant shut

earthquake-nuc

Check the USGS site and you’ll be amazed how many earthquakes there are each day, but look at the U.S. for today, OH MY!

USGS EARTHQUAKE SITE HERE

earthquake-aug-23

Earthquake, a biggie, 5.9, today in Virginia, reported on the USGS site:

earthquake-details

the epicenter is near Domion’s North Anna nuclear plant, Washington Post says they’re waiting to hear from Dominion about the status …and google for more info…

Also today, looking westward, a 5.3 in Colorado:

earthquakecoaug-23And the USGS details on that:

earthquakecomagnitude-5

gilscott-heron

Gil Scott Heron died at 62, the end of a tortured and torturous life, he was one of the few speaking out, standing up…

On Gil Scott-Heron, prelude to a performance at the Dakota last year, and Gil,” warns his road manager, Danielle Beckom, “is not good with schedules.”

From City Pages:

By Rick Mason Wednesday, Mar 24 2010

Often called the Godfather of Rap these days, Gil Scott-Heron in fact emerged as a fiercely eloquent voice from the urban wilderness in the early 1970s, mercilessly skewering political and social forces that had disenfranchised huge swaths of the population and were leading the world down a treacherous path. A writer first and an admirer of Langston Hughes, Scott-Heron eventually fused his own poetry with a potent dose of jazz laced with blues and R&B, railing against complacent media, an oblivious mainstream America, runaway consumerism, racism, venal politicians, and drug abuse. Pieces like “The Revolution Will Not Be Televised,” “Winter in America,” “Johannesburg,” and “Home Is Where the Hatred Is” hit like lightning bolts, both electrifying and enlightening. The rise of hip hop was clearly indebted to Scott-Heron, who has been sampled and referenced by the likes of Kanye West and Common. Silent for a decade and a half—during which he reportedly battled health, addiction, financial, and legal problems—Scott-Heron, 60, recently re-emerged with I’m New Here, a stark, riveting portrait of the artist as weathered scribe, more personally analytical than of the wayward world that once drew his searing scrutiny. In place of jazz is hard-edged post-industrial blues laced with ragged beats as he covers Robert Johnson’s “Me and the Devil,” Bobby Blue Bland’s “I’ll Take Care of You,” and Smog, in the title track’s tale of arid alienation. It’s like hearing a voice from the other side of the apocalypse, but unmistakably that of a survivor.

South Africa, U.S. tunes from way back, became the theme today for me as I listened to Gil Scott-Heron, I’d seen him decades ago… a riveting show… the Guthrie, early 80s??? He was a staple in our album collection at KFAI. In Paul Hipp’s Bachmann McCarthy Overdrive “What’s the word? TINKLENBERG!” seemed like a good riff off of Scott-Heron’s Jo’burg. In the CapX 2020 Hampton-LaCrosse docket there’s a conslutant from Biko Associates, which reminds me of that era, everytime I look at his testimony, my tape loop starts.

Here’s Gil doing Johannesburg:

And another earlier version, 1976:

… and speaking of Jo’burg, then there’s the Biko song that keeps going through my brain whenever I read William P. Smith’s testimony in the Hampton-LaCrosse case — what’s his tie?

“People must not just give in to the hardship of life. People must develop a hope. People must develop some form of security to be together to look at their problems, and people must, in this way, build up their community.”
-Stephen Bantu Biko

So on that theme, Peter Gabriel on one of the Amnesty International tours, best version I could find:

Xcel’s 10-K and a die-in!

February 26th, 2010

die-in1

More photos HERE!

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I just got a tip on what looks like a great book:

The Grid: A Journey Through the Heart of Our Electrified World

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XCEL’s 2009 10-K just came out, and demand is down, down from 2008, but unfortunately not all that much… maybe next year!

CLICK HERE FOR XCEL ENERGY’S 2009 10-K

demand-2009

And that, folks, is Xcel’s peak demand, from 2000 through 2009.

Now, if someone will only tell me how to label the X axis… I cannot figure it out. “1” is 2000, “2” is 2001, etc…

And about that die-in, hot off the “press” from Ted Nace:

Local Citizens ‘Die-in’ at Xcel HQ in Coal Protest

Group calls on Xcel to Keep Comanche 3 Closed and Produce 100% Renewable Electricity by 2020

February 26, 2010

Denver, CO – At 11:45am on Friday, February 26th, local citizens demonstrated at the Denver headquarters of Xcel Energy – located at the corner of 17th St. and Lawrence St. – in protest of the utility’s impending plan to bring a new coal-fired power plant online in Pueblo, CO. The lunch hour protest called on Xcel executives to move Colorado in the right direction by keeping the Comanche 3 coal-fired power plant closed. Protestors demonstrated in a ‘die-in’ in front of the building’s main entrance to highlight the grim consequences that coal has on our lives and those of future generations. Simultaneously, two activists clad in hazmat suits dropped a banner off an adjoining bridge on Lawrence St. Police arrived on scene but no arrests were made.

The 750-megawatt Comanche Unit 3 would be the largest coal-fired power plant in the state, surpassing even the mammoth Cherokee coal plant in North Denver. “At a time when the costs of coal are becoming increasingly clear and the benefits of clean energy are ever more apparent, building the largest coal-fired power plant in the state is taking us 180 degrees in the wrong direction,” said Amy Guinan, an activist with Power Past Coal.

According to Xcel’s own data, the Comanche 3 plant would emit over 20 million pounds of CO2 a day, 2 pounds of mercury a week and thousands of tons of particulates and haze forming pollutants every year. The plant would also consume over 4 million gallons of water a day.

“Xcel has already wasted nearly $1 billion on this planet-destroying boondoggle. Operating it could cost ratepayers billions more. For the sake of Colorado’s children, and future generations, it is time for Xcel to pull the plug on this ill-conceived coal plant and redirect their investments towards making Colorado 100% renewable,” said Tom Weis, President of Wind Power Solutions.

Xcel has had ongoing problems bringing the plant online. While Xcel originally hoped to bring the plant into operation last fall, a variety of technical problems – currently involving a boiler pump – continue to push back its scheduled opening.

“There are a lot more than just technical problems with this new coal-fired power plant. There are serious social, economic and environmental problems. Rather than talking about a delayed opening, we should be talking about a permanent closure. Instead of building a new coal-fired plant, Xcel should be investing heavily in Colorado’s abundant solar and wind resources,” said Brian Bernhardt, an activist with Power Past Coal.

Today’s protest is part of an ongoing series of actions to move Colorado beyond coal. Sparked by the failure of elected and appointed officials to take meaningful action to move rapidly to renewable energy, the Power Past Coal campaign is building a grassroots protest effort. With the Colorado Department of Public Health and Environment approving the permit-to-pollute for both the Valmont and Cherokee stations despite overwhelming public opposition, citizens are prepared to ramp up the pressure on Xcel executives, as well as Colorado politicians and regulatory agencies.

“Our leaders are failing to lead and Xcel is failing to take their responsibility seriously. Xcel should expect more protests and actions unless they start closing down coal plants and moving Colorado to 100% renewable electricity,” Kate Clark, a Power Past Coal activist.

Xcel has been challenged on multiple fronts this week. On Tuesday evening, Pueblo residents – where the new coal-fired power plant is built – raised serious concerns about high-pitched noises from the plant which are affecting people as far as nine miles away. Meanwhile, WildEarth Guardians petitioned the U.S. Environmental Protection Agency to protect clean air and the climate and overturn an air pollution permit allowing Xcel Energy to illegally pollute while operating the Pawnee coal-fired power plant.

die-in2


The Tax Omnibus Conference Committee meets later today.

SEND AN EMAIL NOW!  Send to Conference Committee members (below) and also rep.jeremy.kalin [at] house.mn and sen.rick.olsen [at] senate.mn

Message: The Omnibus Tax Bill’s 272.0275 is not specific enough to protect local governments.  Your constituents’ local governments deserve assured compensation for hosting electric generation plants.  Two simple changes:

  1. siting” must be “host fee” — use of “siting” changes the intent of the original idea, which is to assure that there is a HOST FEE agreement in place compensating local governments.  “Siting” could mean anything or nothing, and is not sufficient.
  2. school district(s)” must be added.

Here’s the language to change: Add “school district(s) and siting” must be “host fee” — use of “siting” changes the intent of the original idea, which is to assure that there is a HOST FEE agreement in place compensating local governments.  “Siting” could mean anything or nothing, and is not sufficient.

103.6 Sec. 6. [272.0275] PERSONAL PROPERTY USED TO GENERATE
103.7 ELECTRICITY; EXEMPTION.
103.8 Subdivision 1. New plant construction after January 1, 2010. For a new
103.9 generating plant built and placed in service after January 1, 2010, its personal property
103.10 used to generate electric power is exempt if an exemption of generation personal property
103.11 form, with an attached siting host fee agreement, is filed with the Department of Revenue. The
103.12 form must be signed by the utility, and the county and the city or town and school district where the facility is
103.13 proposed to be located.
103.14 Subd. 2. Definition; applicability. For purposes of this section, “personal property”
103.15 means tools, implements, and machinery of the generating plant. The exemption under this
103.16 section does not apply to transformers, transmission lines, distribution lines, or any other
103.17 tools, implements, and machinery that are part of an electric substation, wherever located.
103.18 EFFECTIVE DATE.This section is effective the day following final enactment.

Here are the members:

Bill(s): HF2323/SF2074

Description: Omnibus tax bill.

Conferees and Date of Appointment
House: 4/29/2009
Lenczewski; Marquart; Koenen; Loeffler; Seifert;

Senate: 4/29/2009
Bakk; Skoe; Dibble; Moua; Johnson;