---
schema_version: "secwatch.filing_event.v1"
accession: "0000072903-23-000004"
form_type: "8-K"
ticker: "XEL"
cik: "0000072903"
company_name: "XCEL ENERGY INC"
filed_at: "2023-02-08T23:59:59+00:00"
generated_at: "2026-06-19T22:09:18.357857+00:00"
event_type: "regulatory"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000072903-23-000004
- form_type: 8-K
- ticker: XEL
- cik: 0000072903
- company_name: XCEL ENERGY INC
- filed_at: 2023-02-08T23:59:59+00:00
- event_type: regulatory
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/72903/000007290323000004/0000072903-23-000004-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/72903/000007290323000004/xel-20230208.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000072903-23-000004
- JSON: https://secwatch.observer/filing/0000072903-23-000004.json
- Plain text: https://secwatch.observer/filing/0000072903-23-000004.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.