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FPT Report
OM
Actual
vs Budget Attachment
Northern States Power
Co Minnesota Company
OM
thousands
of December 2014
YE 2014
December
Act December
Bud December
Company
Bus Area
YTD
YTD
YTD
Var
10 Northern States Power
MN Energy Supply 157000 159146 2146
Distnbution Operations 118565
128
964 10399
Gas Systems 24468
23
926
542
Transmission 44015 43256
758
Operations Services 7714
308
592
Nuclear Generation
Bus Area 330644 317771 12873
Nuclear Amortz Other
40
566 44450 3883
Corporate Services 209679 206966 2713Financial Operations 51535
51
524
10
Revenue Group 14784 15273
509
General Counsel 14248
13
391
858
External Affairs 6584
757 2827
Chief Executive Officer 1903 2002
89
Corporate Other 66780 63786 2994
___________ _______ 13787 12QPQ
10 Northern States Power-
MN Total 1226153 1210518 15634
Page ofl3
FPT Report
OM Actual
vs Budget Attachment
Northern States Power
Co Minnesota Company
OM thousands
of December 2014
Energy Supply Year
End Deviation
Electric
Project reclassification
to
capital 1200
AS King
ash pond dredging spending accelerated from 2015
425
AS King emergent projects added
to
spring outage
617
AS King reduction
in chemicals
828
AS King outage costs
200
Black
Dog emergent turbine outage
U4
104
Black
Dog obsolete inventory write-off
for April 2015 coal unit closure
100
Black
Dog emergent turbine outage
U2
and water pump overhaul
200
Flood preparations across
the region
170
Maintenance projects accelerated from 201b
138
Maintenance projects
at Sherco King Wilmarth
and
Red Wing
950
Riverside ball park remediation revised estimate
400
Service Organizations charging more labor
to
capital vacancies headcount reductions timing
of
plant studies
500
Sherco reduced estimate
of
U3 overhaul 2465
Sherco -2014 spend
on staging materials
in
preparation
for 2015 overhaul
569
Wind gear
box repairs
due
to weather
177
Other
404
Sub-total Electric 2547
Gas
Other
69
Sub-total
Gas
69
Other
Other
332
Sub-total Other
332
Other
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FPT Report
OM Actual
vs Budget Attachment
Northern States Power
Co Minnesota Company
OM thousands
of December 2014
Distribution Operations Year
End Deviation
Electnc
Vegetation Management
and Pole Inspection Program Spend less than anticipated
582
Vegetation Management Line Clearance Rate Case Adjust 1800Transformer
and Meter First
Set Credits moved from Corporate Other
to
Operations 7157Non-Commodity
Bad Debt
129
June 2014 Minnesota Storm Restoration 1542
Reversal
of CIAC credit adjustment between revenue
and capital booked incorrectly against
OM
435
February 2014 Minnesota Storm Restoration
and other minor events
947
Incremental underground fault repair
317
Budget variance based on 2012 historical actuals forecast updated
to match current spend patterns
300
Accounting corrections
OM
to
capital expenses moved
to correct Operating Company
185
Sales
tax clearing
182
Incremental pole replacements
525
ES
OM
to
Capital Correction
207
Favorable Labor
and Trans
due
to
higher level
of Non-Prod/PTO benefit
and
OM vs Capital Splits
852
Other
900
Sub-total Electric 6730
Gas
Meter First
Set Credits moved from Corporate Other
to
Operations
786
Non-Commodity
Bad Debt
33
North Dakota
Gas Relights
due
to TransCanada pipeline explosion
178
Gas Safety Deferral correction
for 2013 regulatory filing
155
lIMP Spend
in Dist
Ops NSPM
272
Labor Contract Outside Vendor
and Materials costs associated with maintenance
of mains services
714
New business
and customer installs
620
North Dakota Sewer Mitigation Contractor Costs
230
Gas Safety Deferral J/Es
143
Favorable Labor
and Trans
due
to higher level
of
Non Prod/PTO benefit
and
OM vs Capital Splits
80
Other
78
Sub-total
Gas 2729
Other
Other
940
Sub-total Other
940
Other
Page
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FPT Report
OM Actual vs Budget Attachment
Northern States Power
Co Minnesota Company
OM thousands
of December 2014
Gas Systems Year
End Deviation
Electnc
Primarily driven
by lower Locate requests than budgeted
due
to
ticket volume
and rate case adjustment 1127
Other
40
Sub4otal Electric 1087
Gas
Primanly dnvon
by lower Locate requests than budgeted
due
to
ticket volume
122
Higher Labor Overtime
and Matenals
in Wescott
and
Gas Trouble
due
to
prepanng
and
running turbine compressor
for liquefying extremely cold weather
inJanuary
and February
anc
488
Higher Labor
in
Gas Operations North driven
by attntion
due
to
being fully staffed
207
Higher Electric
and
Gas
Use cost
due
to
additional work
at Wescott
515
Consulting from Trispective Group
for
Gas Governance
and Compliance efforts
124
Lower Contract Outside Vendor
due
to Wescott projects postponed
in 2014
204
Additional spent
in Wescott Contract Outside Vendor
and Materials
for assessment
for plant modification
LNG tank fill pipeline engineenng Cold
Box payment perform truck loading
487
Higher employee Expenses
due
to PU
efforts
and management
in
couple states
71
Higher license fees
and association dues payments
81
Other
18
Sub4otal
Gas 1619
Other
Other
10
Sub-total Other
10
Other
Page
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FPT Report
OM Actual
vs Budget Attachment
Northern States Power
Co Minnesota Company
OM thousands
of December 2014
Transmission Year
End Deviation
Electnc
Temporary
by pass Vines
at capital projects $375K Maintenance
of wood structures
on line 0706 $229K
882
Storm water collection repairs
at Louise
Sub $52K remaining variance
due
to small tool replenishment
Increased scope
of conductor vibration mitigation project
on line 0953
in
southern
MN
292
Repairs
to GREs 500kV line tower in Floodwood
MN 100% revenue offset target
adj approved in July
739
CAPE reporting schedule
not aligned with budget Substation Engineering performed more capital
672
Reduced NERC fees from 2013
due
to smaller share
of
MR
O costs
203
Management Initiatives
50
Other
115
Sub4otal Electnc
673
Gas
Other
46
Sub4otal
Ga
s
46
Other
Other
39
Sub4otal Other
39
Other
Total Transmission
Operation Services
Commercial Operations
Trading Credit line fees
116
Change in consulting requirements
for Asset Development
and Operations
23
Supply Chain
Senior Vice President Operations
The supplemental incentive forecast
has been updated
as result
of
the change
in forecasted trading margins
996
Change
in
consulting requirements
for Asset Development
and Operations
49
Other
360
Totairation Services
Page
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FPT
Report
OM
Actual
vs Budget Attachment
Northern States Power
Co Minnesota Company
OM thousands
of December 2014
Nuclear Year
End Deviation
Electnc
Outage Explanations
P1 2R28 True
up
of
fan coil unit costs
46
P1
R29 Timing
of planning related costs outage budgeted
to
start
in
Sept
vs
Oct 2828
MT RF027 Timing
of MSIV actuator work
and turbine pre-planning between 2014
and 2015
367
MT RF026 Labor
due
to
Aggreko vendor settlement
630
MT Pl1R29work
140
MP
P11
R29 Support
96
Outage Subtotal 2022
Non-Outage Explanations
Higher contract materials
and labor costs related
to the unbudgeted regulatory sensitivitys 5181
Higner contract materials
and labor costs related
to the
MT forced outage reclass
573
Higher contract
and labor costs related
to the
P1 forced outage reclass
252
Labor higher labor capitalization
and vacancies
and
impacts
of
supply chain moving
to
clearing 7381Contract services including cooling tower maintenance rule unanticipated
Rad Waste
TD costs
and security comp measures 3245
Matenals higher
rad protection costs
due
to
unanticipated filters
and resin liners
and higher cooling tower costs partially offset
by larger sales
tax refund than anticipated
335
Matenals obsolete inventory wnte-off
187
Materials
net costs reclassed from capital including cooling tower work
273
Employee expenses higher relocation costs
at Prairie Island
and travel related costs
785
Fees Higher
NR
C fees
due
to June 2014 increase
for fiscal
YE 9/30/2014 lower
EP fees
and Tribal payment
in OM
for 2014
309
Utility costs higher snow removal
and site utility costs
646
Chemical costs
YTO lower chemical costs
at
MT
485
Other
69
Non-outage Subtotal 10861
Other
Sub-total Electric 12873
Gas
Other
Sub-total
Gas
Other
Total Nuclear _________ 1873
Page
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13
FPT Report
0M
Actual
vs Budget Attachment
Northern States Power
Co Minnesota Company
OM thousands
of December 2014
Nuclear Outage Cost Deferral
and Amortization Year
End Deviation
Electnc
Outage Cost Deferral
P1 Unit 2014 outage 1R29 actual outage costs were greater than budget 3204
Prairie Island outage spending
is in excess
of budget
51
MT 2015 outage RF027 actual outage costs were lower Costs
are also lower than budget
due
to $0
6M in vendor credits applied
to the
MT 2013 outage RF026 967
Outage Cost Deferral Subtotal 2268Outage Cost Amortization
Amortization
for
P1 Unit 2014 Outage
R29 w
as less than budget
for
the year Budget assumed amortization
for
the 2014 outage would begin
in October 2014 November
was
the 2314
Amortization
for
the
P1 Unit 2013 Outage 2R28 was greater than budget
for
the
year
due
to
the plant
not coming back online until January 2814 instead
of
the expected month
of
593
Amortization
for
the Monticello 2013 outage RF026
was greater than budget
for
the
year
106
Outage Cost Amortization Subtotal 1615Other
Sub4otal Electric 3883Other
Page
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13
FPT Report
OM Actua vs Budget Attachment
Northern States Power
Co Minnesota Company
OM thousands
of December 2014
Shared Services Consolidated Year
End Deviation
Corporate Services
Bad Debt
Change
due
to net wnte-ofts/reserve change 1490
Change
due
to
higher revenues
652
True
up based on
the latest refresh study
261
Business Systems
Software maintenance/licenses 1221Changes
and reduction
in
planned network build
out
and
the
Tn State tower buildout lease
518
Shared Asset shift between OpCos
575
Windows deployment activities
and mobile device secunty
986
Jnformabca nucear software
299
CYME program
to similate distribution network behavior
74
IBM Server costs
33
PTO underrun
and unfilled positions 1175
Increases
to IBM
AD
M
due
to CA
100
485
DS
S passthru credit
due
to
efficiencies
209
Project
OM
related
to
capital portfolio changes
60
Reduction
in NERC litigation accrual
180
Shift
in OpCo
for
re purposing funds
82
EP
M write
off
of
capital
to
OM 543
Integrated Talent Management shift
to
capital policy clarification
628
Homesmart shift
to
capital policy clarification
589
CP
C
to
capital policy clarification
338
Incremental resources
for
PIT
project support
75
Increase
in contract labor related
to
Enterpnse Asset Analytics initiative
55
IBM Shifts
in
Operating Companies
due
to
changing allocation
and CA-lOl
61
Focal Point write-off capital
to OM 515
Increase
in
application developmentlmaintenance
75
Delay
in Pitch
It and other consulting projects
65
Management Initiatives
518
CA
O
Various ETO/PTT project costs 2208Resource Planning consulting labor shifts
PTO underrun
487
Severance accrual
404
Resource Planning Online information services less than anticipated
33
Management Initiatives
Page
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13
FPT Report
OM Actual
vs Budget Attachment
Northern States Power
Co Minnesota Company
OM thousands
of December 2014
Shared Services ConsoUdated Year
End Deviation
Corporate Services
Corporate Secretary
Transfer
to
Marketing from Fall 2013 reorganization
262
Director Foes lower
due
to one director vacancy
82
Strategy Pert Asset Mgmt Print/Copy/Postage
SE
C
filings less than anticipated
61
Additions
for Chief
of Staff organization
73
Less employee expenses/travel
84
Management Initiatives
18
Customer Care
Lower bill processing fees
due
to lower volume
and more bill onsert chargeback
69
PTC utili7atinn
nd snme unfllld pnsitions
181
Staffing adjustment
in call centers
to handle call volume based on resource plan
68
Ceilnet impact
on
OM
credit
and meter readers
407
Reduced one headcount
and labor split shift
to deferred programs
in PA
R
72
Meter Reading related material prepurchases
in 2013
94
Management Initiatives
456
Human Resources
Consulting efforts didnt materialize
by
year
end
emp engagement Trispective
emp msging wkfrce analytics
313
Additional 2014 materials supplies
and fees
118
Increase
in labor primarily
for
PIT
39
Reclassified Nuclear expenses
89
Fewer workforce administration
and background checks than expected
13
Decrease in
Advertising primarily
in nuclear recruitment
331
Contract labor increase
to cover unfilled positions
343
Management Initiatives
42
Marketing
and Corp
Communications
Advertising
and Community Outreach programs which were
not started in 2014 175
Brand Advertising reduction
and re-allocation
192
Strategic Comm incremental
HC
and expenses
and update
to labor split 1005Solar Rewards Optimization reclass
279
XEcom redesign costs from
OM to Capital Customer Choice
and WindSource 128
Transfer
to Safety
for
bill inserts
62
Transfer from Corp Secretary from Fall 2013 reorganization
256
Transfer from General Counsel from FaIl 2013 reorganization
45
Solar Advertising Campaign
and
PR Firm costs includes extension
216
Management Initiatives
68
Page
of
13
FPT
Report
OM
Actual
vs Budget Attachment
Northern States Power
Co Minnesota Company
OM thousands
of December 2014
Shared Services Consolidated Year
End Deviation
Corporate Services
Safety Business Services
Aviation maintenance
and employee expenses
149
Aviation hangar move
56
Various Property Services mechanical
and electric projects with
no
significant variances
70
Addi security guard expeneses
Dec 2013 paid
in
Jan 2014
196
Safety information fulfillment
110
Structural Maintenance including façade projects
500
Transfer from Marketing Corp Comm for bill inserts
53
Rent allocation changes
due
to labor shifts
by OpCo
155
Annual shared asset update
74
Nuclear Supply Chain Clearing target transfer facilities
233
Additional Snow Removal
632
Management Initiatives Property Security Services
76
Management Initiatives Safety
61
Other 13ff
Page
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