Define: Imnp = magnetizing current which occurs at nameplate voltage and frequency.
ASSUME: Capacitive vars <= 90% of inductive at nameplate voltage.
=> Slope of of capacitive curve E vs I is >= 110% higher than slope of inductive E vs Im curve at nameplate voltage (need linear scale to judge slope).
dEc/dI = Xc > 1.1* dEm/dI(Imnp))
ASSUME - the nameplate voltage Enp corresponds to the knee of the E vs Im curve or somewhere to the left. Therefore - for any lower voltage, the slope of the E vs Im curve is lower than the slope at nameplate (that's what defines the knee... the point of highest slope).
dEm/dI((Imnp) > dEm/dI(All I < Imnp)
Combining the above
dEc/dI = Xc > 1.1* dEm/dI((all I < Imnp))
i.e. the slope of the capacitive curve is > 110% of slope of inductive curve for all points up to nameplate magnetizing current = up to nameplate voltage.
Further, if Xc > 1.1* dEm/dI((for all I < Imnp)), then it is also greater than the average slope of Em on that interval. i.e.
Xc > 1.1* dEm/dI((average))
dEm/dI((average)) < Xc/1.1 [Equation 1]
where dEm/dI((average)) is average on the interval I = 0...Imnp
Now find another expression for slope of curve dEm/di/(Average)
Em(Imnp) = Eres + Imnp * dEm/dI(average) = Enp
dEm/di/(Average) = (Enp - Eres)/Imnp
ASSUME - Residual voltage is less than 10% of nameplate voltage Eres < 0.1 * Enp
dEm/di/(Average) > (Enp - 0.1*Enp)/Imnp
dEm/di/(Average) > 0.9*Enp/Imnp [EQUATION 2]
Compare equation 1 to equation 2
0.9*Enp/Imnp < dEm/di/(Average) < Xc/1.1
0.9 * 1.1 Enp < Xc * Imnp
Enp < Xc * Imnp [EQUATION 3]
If we we draw a vertical line at Inp as shown in slide 2, it intersects the magnetizing curve at Enp (by definition), and it intersects the Xc curve above the magnetizing curve by equation 3.
Based on the Xc curve above the magnetizing curve at Inp, it is clear that the intersection of these curves will occur to the left (at some voltage less than nameplate).