SPS files $149M Texas rate case; PUCT decision due Q1 2024

XCEL ENERGY INC

SPS seeks $149M increase in base rate revenue (13% bill impact) based on test year ended Sept. 30, 2022.
Request assumes ROE of 10.65%, equity ratio of 54.6%, and retail rate base of $3.6B.
Components include $36M for clean energy transition capex, $32M for higher ROE, $17M from Tolk plant depreciation life change.
SPS expects customer bills after increase to remain 30% below national average; Texas decision targeted in early 2024.

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