---
schema_version: "secwatch.filing_event.v1"
accession: "0000072903-23-000041"
form_type: "8-K"
ticker: "XEL"
cik: "0000072903"
company_name: "XCEL ENERGY INC"
filed_at: "2023-05-05T23:59:59+00:00"
generated_at: "2026-06-15T18:35:53.398606+00:00"
event_type: "regulatory"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Xcel Energy subsidiary PSCo faces lower rate increase recommendations in Colorado electric rate case

## Summary
- PSCo sought $262M net increase (8.2%) in Nov 2022; intervenors propose base rate changes from +$31M (Staff) to -$16M (CEC).
- On May 3, 2023, seven intervenors including CPUC Staff, UCA, and CEC filed testimony with varied ROE recommendations (8.51%-9.30% vs PSCo's 10.25%).
- Staff recommends 9.02% ROE and a historic test year, while CEC seeks capital disallowances of $30M and a negative revenue change.
- CPUC decision expected in Q3 2023; Xcel reaffirms 2023 GAAP EPS guidance of $3.30-$3.40 based on constructive regulatory outcomes.
- Next procedural steps: rebuttal testimony by May 31, settlement deadline June 14, and hearing scheduled July 6-21, 2023.

## SEC filing metadata
- accession: 0000072903-23-000041
- form_type: 8-K
- ticker: XEL
- cik: 0000072903
- company_name: XCEL ENERGY INC
- filed_at: 2023-05-05T23:59:59+00:00
- event_type: regulatory
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/72903/000007290323000041/0000072903-23-000041-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/72903/000007290323000041/xel-20230503.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000072903-23-000041
- JSON: https://secwatch.observer/filing/0000072903-23-000041.json
- Plain text: https://secwatch.observer/filing/0000072903-23-000041.txt

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