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This excerpt taken from the XEL 8-K filed Dec 13, 2007. Wholesale
Power Base Rate Application — On Dec. 1, 2005, SPS filed
for a $2.5 million increase in wholesale power rates to certain electric
cooperatives. On Jan. 31, 2006, the FERC conditionally accepted the
proposed rates for filing, and the $2.5 million power rate increase became
effective on July 1, 2006, subject to refund. The FERC also set the rate
increase request for hearing and settlement judge procedures. The case is
presently in the settlement judge procedures and an agreement in principle has been
reached for base rates for the full-requirements customers and PNM. One other
wholesale customer has not settled, however. On Sept. 7, 2006, the offer of
settlement with respect to the full-requirements customer was filed for
approval and on Sept. 19, 2006, the offer of settlement with respect to PNM was
filed for approval. Hearings have been scheduled for April 2007 for the
base rates applicable to the remaining non-settling wholesale customer.
This excerpt taken from the XEL 10-Q filed Dec 13, 2007. Wholesale Power Base Rate
Application — On
Dec. 1, 2005, SPS filed for a $2.5 million increase in wholesale power
rates to certain electric cooperatives. On Jan. 31, 2006, the FERC
conditionally accepted the proposed rates for filing, and the $2.5 million
power rate increase became effective on July 1, 2006, subject to refund.
The FERC also set the rate increase request for hearing and settlement judge
procedures. On Sept. 7, 2006, an offer of settlement with respect to the five
full-requirements customers was filed for approval and on Sept. 19, 2006, the
offer of settlement with respect to PNM was filed for approval. On Sept. 20,
2007, the FERC accepted the settlement with the full-requirements customers.
The PNM settlement is still pending before the FERC.
Golden Spread Electric Cooperative, SPS’ partial requirements wholesale customer, did not settle and hearings were set for the rate disputes raised by Golden Spread. Subsequent to filing rebuttal testimony, on March 29, 2007, SPS and Golden Spread entered into additional settlement negotiations. The current hearing schedule has been postponed . The FERC has appointed a settlement judge to facilitate negotiations.
This excerpt taken from the XEL 10-Q filed Dec 13, 2007. Wholesale Power Base Rate Application — On Dec. 1, 2005, SPS filed
for a $2.5 million increase in wholesale power rates to certain electric
cooperatives. On Jan. 31, 2006, the FERC conditionally accepted the
proposed rates for filing, and the $2.5 million power rate increase became
effective on July 1, 2006, subject to refund. The FERC also set the rate
increase request for hearing and settlement judge procedures. The case is
presently in the settlement judge procedures and an agreement in principle has
been reached for base rates for the full-requirements customers and PNM. One
other wholesale customer has not settled. On Sept. 7, 2006, the offer of
settlement with respect to the full-requirements customer was filed for
approval and on Sept. 19, 2006, the offer of settlement with respect to PNM was
filed for approval. Subsequent to filing rebuttal testimony,
21
on March 29, 2007, SPS and the remaining wholesale customer entered into settlement negotiations. The current hearing schedule has been postponed.
This excerpt taken from the XEL 10-Q filed Oct 26, 2007. Wholesale Power Base Rate Application — On Dec. 1, 2005, SPS filed
for a $2.5 million increase in wholesale power rates to certain electric
cooperatives. On Jan. 31, 2006, the FERC conditionally accepted the
proposed rates for filing, and the $2.5 million power rate increase became
effective on July 1, 2006, subject to refund. The FERC also set the rate
increase request for hearing and settlement judge procedures. On Sept. 7, 2006,
an offer of settlement with respect to the five full-requirements customers was
filed for approval and on Sept. 19, 2006, the offer of settlement with respect
to PNM was filed for approval. On Sept. 20, 2007, the FERC accepted the
settlement with the full-requirements customers. The PNM settlement is still
pending before the FERC.
Golden Spread Electric Cooperative, SPS’ partial requirements wholesale customer, did not settle and hearings were set for the rate disputes raised by Golden Spread. Subsequent to filing rebuttal testimony, on March 29, 2007, SPS and Golden Spread entered into additional settlement negotiations. The current hearing schedule has been postponed . The FERC has appointed a settlement judge to facilitate negotiations.
This excerpt taken from the XEL 8-K filed Aug 8, 2007. Wholesale Power Base Rate Application — On Dec. 1, 2005, SPS filed
for a $2.5 million increase in wholesale power rates to certain electric
cooperatives. On Jan. 31, 2006, the FERC conditionally accepted the
proposed rates for filing, and the $2.5 million power rate increase became
effective on July 1, 2006, subject to refund. The FERC also set the rate
increase request for hearing and settlement judge procedures. The case is
presently in the settlement judge procedures and an agreement in principle has
been reached for base rates for the full-requirements customers and PNM. One
other wholesale customer has not settled, however. On Sept. 7, 2006, the offer
of settlement with respect to the full-requirements customer was filed for
approval and on Sept. 19, 2006, the offer of settlement with respect to PNM was
filed for approval. Hearings have been scheduled for April 2007 for the
base rates applicable to the remaining non-settling wholesale customer.
This excerpt taken from the XEL 10-Q filed Jul 27, 2007. Wholesale Power Base Rate Application — On Dec. 1, 2005, SPS filed
for a $2.5 million increase in wholesale power rates to certain electric
cooperatives. On Jan. 31, 2006, the FERC conditionally accepted the
proposed rates for filing, and the $2.5 million power rate increase became
effective on July 1, 2006, subject to refund. The FERC also set the rate
increase request for hearing and settlement judge procedures. The case is presently
in the settlement judge procedures and an agreement in principle has been
reached for base rates for the full-requirements customers and PNM. One other
wholesale customer has not settled. On Sept. 7, 2006, the offer of settlement
with respect to the full-requirements customer was filed for approval and on
Sept. 19, 2006, the offer of settlement with respect to PNM was filed for
approval. Subsequent to filing rebuttal testimony, on March 29, 2007, SPS and
the remaining wholesale customer entered into settlement negotiations. The
current hearing schedule has been postponed.
This excerpt taken from the XEL 10-Q filed Apr 27, 2007. Wholesale
Power Base Rate Application — On Dec. 1, 2005, SPS filed
for a $2.5 million increase in wholesale power rates to certain electric
cooperatives. On Jan. 31, 2006, the FERC conditionally accepted the
proposed rates for filing, and the $2.5 million power rate increase became
effective on July 1, 2006, subject to refund. The FERC also set the rate
increase request for hearing and settlement judge procedures. The case is
presently in the settlement judge procedures and an agreement in principle has
been reached for base rates for the full-requirements customers and PNM. One
other wholesale customer has not settled. On Sept. 7, 2006, the offer of
settlement with respect to the full-requirements customer was filed for
approval and on Sept. 19, 2006, the offer of settlement with respect to PNM was
filed for approval. Subsequent to filing rebuttal testimony, on March 29, 2007,
SPS and the remaining wholesale customer entered into settlement negotiations. The
current hearing schedule has been postponed.
13
This excerpt taken from the XEL 10-K filed Feb 23, 2007. Wholesale
Power Base Rate Application — On Dec. 1, 2005, SPS filed
for a $2.5 million increase in wholesale power rates to certain electric
cooperatives. On Jan. 31, 2006, the FERC conditionally accepted the
proposed rates for filing, and the $2.5 million power rate increase became
effective on July 1, 2006, subject to refund. The FERC also set the rate
increase request for hearing and settlement judge procedures. The case is
presently in the settlement judge procedures and an agreement in principle has
been reached for base rates for the full-requirements customers and PNM. One
other wholesale customer has not settled, however. On Sept. 7, 2006, the offer
of settlement with respect to the full-requirements customer was filed for
approval and on Sept. 19, 2006, the offer of settlement with respect to PNM was
filed for approval. Hearings have been scheduled for April 2007 for the
base rates applicable to the remaining non-settling wholesale customer.
This excerpt taken from the XEL 10-Q filed Oct 27, 2006. Wholesale Power
Base Rate Application — On Dec. 1, 2005, SPS filed for
a $2.5 million increase in wholesale power rates to certain electric
cooperatives. On Jan. 31, 2006, the FERC conditionally accepted the proposed
rates for filing, and the $2.5 million power rate increase became effective on
July 1, 2006, subject to refund. The FERC also set the rate increase request
for hearing and settlement judge procedures. The case is presently in the
settlement judge procedures and an agreement in principle has been reached for
base rates for the full-requirements customers and PNM; one other wholesale
customer has not settled, however. On Sept. 7, 2006, the offer of settlement
with respect to the full-requirements customer was filed for approval and on Sept.
19, 2006, the offer of settlement with respect to PNM was filed for
approval.Hearings have been scheduled for April 2007 for the base rates
applicable to the remaining non-settling wholesale customer.
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