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Commitments and Contingencies (Tables)
12 Months Ended
Dec. 31, 2019
Commitments and Contingencies Disclosure [Abstract]  
Finance Lease, Liability, Maturity [Table Text Block]
Commitments under operating and finance leases as of Dec. 31, 2018:
(Millions of Dollars)
 
PPA (a) (b)
Operating
Leases
 
Other Operating
Leases
 
Total
Operating
Leases
 
Finance Leases (c)
2019
 
$
207

 
$
32

 
$
239

 
$
14

2020
 
208

 
26

 
234

 
14

2021
 
210

 
25

 
235

 
14

2022
 
197

 
24

 
221

 
12

2023
 
186

 
22

 
208

 
12

Thereafter
 
883

 
154

 
1,037

 
220

Total minimum obligation
 


 


 


 
286

Interest component of obligation
 
 
 
 
 
 
 
(201
)
Present value of minimum obligation
 
 
 
 
 
$
85

(a) 
Amounts do not include PPAs accounted for as executory contracts and/or contingent payments, such as energy payments on renewable PPAs.
(b) 
PPA operating leases contractually expire at various dates through 2033.
(c) 
Excludes certain amounts related to Xcel Energy’s 50% ownership interest in WYCO.
Commitments under operating and finance leases as of Dec. 31, 2019:
(Millions of Dollars)
 
PPA (a) (b)
Operating
Leases
 
Other Operating
Leases
 
Total
Operating
Leases
 
Finance
 Leases (c)
2020
 
$
236

 
$
26

 
$
262

 
$
14

2021
 
238

 
29

 
267

 
14

2022
 
225

 
28

 
253

 
12

2023
 
214

 
25

 
239

 
12

2024
 
208

 
22

 
230

 
12

Thereafter
 
750

 
115

 
865

 
207

Total minimum obligation
 
1,871

 
245

 
2,116

 
271

Interest component of obligation
 
(321
)
 
(52
)
 
(373
)
 
(190
)
Present value of minimum obligation
 
$
1,550

 
193

 
1,743

 
81

Less current portion
 
 
 
 
 
(194
)
 
(4
)
Noncurrent operating and finance lease liabilities
 
 
 
 
 
$
1,549

 
$
77

 
 
 
 
 
 
 
 
 
Weighted-average remaining lease term in years
 
 
 
 
 
9.3

 
37.0

(a) 
Amounts do not include PPAs accounted for as executory contracts and/or contingent payments, such as energy payments on renewable PPAs.
(b) 
PPA operating leases contractually expire at various dates through 2033.
(c) 
Excludes certain amounts related to Xcel Energy’s 50% ownership interest in WYCO.
Assets and Liabilities, Lessee [Table Text Block]
(Millions of Dollars)
 
Dec. 31, 2019
PPAs
 
$
1,642

Other
 
201

Gross operating lease ROU assets
 
1,843

Accumulated amortization
 
(171
)
Net operating lease ROU assets
 
$
1,672


(Millions of Dollars)
 
Dec. 31, 2019
 
Dec. 31, 2018
Gas storage facilities
 
$
201

 
$
201

Gas pipeline
 
21

 
21

Gross finance lease ROU assets
 
222

 
222

Accumulated amortization
 
(83
)
 
(77
)
Net finance lease ROU assets
 
$
139

 
$
145


Lease, Cost [Table Text Block]
Components of lease expense:
(Millions of Dollars)
 
2019
 
2018
 
2017
Operating leases
 
 
 
 
 
 
PPA capacity payments
 
$
221

 
$
210

 
$
210

Other operating leases (a)
 
34

 
38

 
36

Total operating lease expense (b)
 
$
255

 
$
248

 
$
246

Finance leases
 
 
 
 
 
 
Amortization of ROU assets
 
$
6

 
$
6

 
$
5

Interest expense on lease liability
 
19

 
19

 
20

Total finance lease expense
 
$
25

 
$
25

 
$
25

(a) 
Includes short-term lease expense of $5 million for 2019, 2018 and 2017.
(b) 
PPA capacity payments are included in electric fuel and purchased power on the consolidated statements of income. Expense for other operating leases is included in O&M expense and electric fuel and purchased power.
Funded Status of Nuclear Decommissioning Obligation [Table Text Block]
 
 
Regulatory Basis
(Millions of Dollars)
 
2019
 
2018
Estimated decommissioning cost obligation from most recently approved study (in 2014 dollars)
 
$
3,012

 
$
3,012

Effect of escalating costs
 
688

 
539

Estimated decommissioning cost obligation (in current dollars)
 
3,700

 
3,551

Effect of escalating costs to payment date
 
7,505

 
7,654

Estimated future decommissioning costs (undiscounted)
 
11,205

 
11,205

Effect of discounting obligation (using average risk-free interest rate of 2.39% and 3.33% for 2019 and 2018, respectively)
 
(5,562
)
 
(6,911
)
Discounted decommissioning cost obligation
 
$
5,643

 
$
4,294

Assets held in external decommissioning trust
 
$
2,440

 
$
2,055

Underfunding of external decommissioning fund compared to the discounted decommissioning obligation
 
3,203

 
2,239


Estimated Minimum Purchases Under Fuel Contracts
Estimated minimum purchases under these contracts as of Dec. 31, 2019:
(Millions of Dollars)
 
Coal
 
Nuclear fuel
 
Natural gas supply
 
Natural gas supply and transportation
2020
 
$
430

 
$
54

 
$
343

 
$
295

2021
 
222

 
103

 
254

 
283

2022
 
135

 
85

 
104

 
269

2023
 
58

 
103

 
53

 
198

2024
 
24

 
74

 
3

 
153

Thereafter
 
74

 
275

 

 
860

Total
 
$
943

 
$
694

 
$
757

 
$
2,058


Estimated Future Payments for Capacity and Energy Pursuant to Purchased Power Agreements
At Dec. 31, 2019, the estimated future payments for capacity and energy that the utility subsidiaries of Xcel Energy are obligated to purchase pursuant to these executory contracts, subject to availability, were as follows:
(Millions of Dollars)
 
Capacity
 
Energy (a)
2020
 
$
70

 
$
110

2021
 
78

 
157

2022
 
77

 
173

2023
 
79

 
177

2024
 
74

 
182

Thereafter
 
56

 
146

Total
 
$
434

 
$
945

(a) 
Excludes contingent energy payments for renewable energy PPAs.
Eloigne and NSP-Wisconsin Low-income Housing Limited Partnerships
Amounts reflected in Xcel Energy’s consolidated balance sheets for the Eloigne and NSP-Wisconsin low-income housing limited partnerships:
(Millions of Dollars)
 
Dec. 31, 2019
 
Dec. 31, 2018
Current assets
 
$
7

 
$
5

Property, plant and equipment, net
 
41

 
42

Other noncurrent assets
 
1

 
1

Total assets
 
$
49

 
$
48

 
 
 
 
 
Current liabilities
 
$
8

 
$
7

Mortgages and other long-term debt payable
 
26

 
26

Other noncurrent liabilities
 

 

Total liabilities
 
$
34

 
$
33


Committed Minimum Payments Under Technology Agreements
Committed minimum payments under these obligations:
(Millions of Dollars)
 
IBM Agreement
 
Accenture Agreement
 
Cognizant Agreement
2020
 
$
15

 
$
11

 
$
9

2021
 
15

 

 
7

2022
 
6

 

 
3

2023
 

 

 

2024
 

 

 

Thereafter
 

 

 


Asset Retirement Obligations
Xcel Energy’s AROs were as follows:
(Millions 
of Dollars)
 
Jan. 1, 2019
 
Amounts
Incurred
(a)
 
Amounts
Settled
(b)
 
Accretion
 
Cash Flow Revisions (c)
 
Dec. 31, 2019
Electric
 
 
 
 
 
 
 
 
 
 
 
 
Nuclear
 
$
1,968

 
$

 
$

 
$
100

 
$

 
$
2,068

Steam, hydro and other production
 
177

 

 
(5
)
 
8

 
22

 
202

Wind
 
119

 
26

 

 
7

 
(6
)
 
146

Distribution
 
42

 

 

 
2

 

 
44

Miscellaneous
 
7

 

 

 

 
(7
)
 

Natural gas
 
 
 
 
 
 
 
 
 
 
 
 
Transmission and distribution
 
249

 

 

 
11

 
(24
)
 
236

Miscellaneous
 
4

 

 

 

 
(1
)
 
3

Common
 
 
 
 
 
 
 
 
 
 
 
 
Miscellaneous
 
1

 

 

 

 

 
1

Non-utility
 
 
 
 
 
 
 
 
 
 
 
 
Miscellaneous
 
1

 

 

 

 

 
1

Total liability
 
$
2,568

 
$
26

 
$
(5
)
 
$
128

 
$
(16
)
 
$
2,701

(a) 
Amounts incurred related to the wind farms placed in service in 2019 for NSP-Minnesota (Lake Benton and Foxtail) and SPS (Hale).
(b) 
Amounts settled related to asbestos abatement projects and closure of certain ash containment facilities.
(c) 
In 2019, AROs were revised for changes in timing and estimates of cash flows. Changes in gas transmission and distribution AROs were primarily related to increased gas line mileage and number of services, which were more than offset by decreased inflation rates. Changes in steam, hydro and other production AROs primarily related to the cost estimates to remediate ponds at production facilities. Changes in wind AROs were driven by new dismantling studies.
(Millions 
of Dollars)
 
Jan. 1, 2018
 
Amounts
Incurred
(a)
 
Amounts
Settled
(b)
 
Accretion
 
Cash Flow Revisions (c)
 
Dec. 31, 2018
Electric
 
 
 
 
 
 
 
 
 
 
 
 
Nuclear
 
$
1,874

 
$

 
$

 
$
94

 
$

 
$
1,968

Steam, hydro and other production
 
192

 

 
(14
)
 
8

 
(9
)
 
177

Wind
 
96

 
12

 

 
4

 
7

 
119

Distribution
 
21

 

 

 
1

 
20

 
42

Miscellaneous
 
5

 

 

 

 
2

 
7

Natural gas
 
 
 
 
 
 
 
 
 
 
 
 
Transmission and distribution
 
282

 

 

 
13

 
(46
)
 
249

Miscellaneous
 
4

 

 

 

 

 
4

Common
 
 
 
 
 
 
 
 
 
 
 
 
Miscellaneous
 
1

 

 

 

 

 
1

Non-utility
 
 
 
 
 
 
 
 
 
 
 
 
Miscellaneous
 

 
1

 

 

 

 
1

Total liability
 
$
2,475

 
$
13

 
$
(14
)
 
$
120

 
$
(26
)
 
$
2,568


(a) 
Amounts incurred related to the PSCo Rush Creek wind farm and Nicollet Projects community solar gardens, which were placed in service in 2018.
(b) 
Amounts settled related to asbestos abatement projects and closure of certain ash containment facilities.
(c) 
In 2018, AROs were revised for changes in timing and estimates of cash flows. Changes in gas transmission and distribution AROs were primarily related to increased gas line mileage and number of services, which were more than offset by increased discount rates. Changes in electric distribution AROs primarily related to increased labor costs.
Plant Removal Costs
Accumulated balances by entity at Dec. 31:
(Millions of Dollars)
 
2019
 
2018
NSP-Minnesota
 
$
520

 
$
485

PSCo
 
351

 
344

SPS
 
175

 
188

NSP-Wisconsin
 
171

 
158

Total Xcel Energy
 
$
1,217

 
$
1,175


Reconciliation of Decommissioning Cost Obligation - Regulatory to GAAP
(Millions of Dollars)
 
2019
 
2018
Discounted decommissioning cost obligation - regulated basis
 
$
5,643

 
$
4,294

Differences in discount rate and market risk premium
 
(2,295
)
 
(1,447
)
O&M costs not included for GAAP
 
(1,280
)
 
(879
)
Nuclear production decommissioning ARO - GAAP
 
$
2,068

 
$
1,968


Nuclear Decommissioning Expenses Recognized as Result of Regulation
Decommissioning expenses recognized as a result of regulation:
(Millions of Dollars)
 
2019
 
2018
 
2017
Annual decommissioning recorded as depreciation expense: (a) (b)
 
$
20

 
$
20

 
$
20


(a) 
Decommissioning expense does not include depreciation of the capitalized nuclear asset retirement costs.
(b) 
Decommissioning expenses in 2019, 2018 and 2017 include Minnesota’s retail jurisdiction annual funding requirement of approximately $14 million.