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Investor Presentaiton

Northern States Power Company - Wisconsin (NSPW) 39 ASHLAND HUDSON EAU CLAIRE NSPW is an Xcel Energy operating company that conducts business in Wisconsin and Michigan. In both states, the company generates, transmits, distributes and sells electricity in addition to purchasing, transporting, distributing and selling natural gas to retail customers and transporting customer-owned natural gas. NSPW's electric production and transmission system is managed as an integrated system with that of NSPM, jointly referred to as the NSP System. Generally, NSPW's contribution to earnings ranges from 5% to 10% of Xcel Energy's consolidated earnings. Customers Electricity Natural gas 0.3 million 0.1 million LA CROSSE 0 MADISON
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