secwatch.observer — SEC 8-K summary
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Issuer:     XCEL ENERGY INC (XEL)
CIK:        0000072903
Form:       8-K
Filed at:   2023-02-08T23:59:59+00:00
Accession:  0000072903-23-000004
Event type: regulatory
Sentiment:  positive
Materiality: 0.65
Item codes: 8.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/72903/000007290323000004/0000072903-23-000004-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/72903/000007290323000004/xel-20230208.htm
  HTML page:      https://secwatch.observer/filing/0000072903-23-000004

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