---
schema_version: "secwatch.filing_event.v1"
accession: "0000072903-23-000043"
form_type: "8-K"
ticker: "XEL"
cik: "0000072903"
company_name: "XCEL ENERGY INC"
filed_at: "2023-05-19T23:59:59+00:00"
generated_at: "2026-06-14T20:16:51.117816+00:00"
event_type: "regulatory"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# SPS revises NM rate case request to $75M; contested stipulation filed for $33M increase

## Summary
- SPS revised its New Mexico electric rate case request from $78M to $75M; stipulation proposes $33M revenue increase, opposed by two environmental groups.
- Proposed ROE of 9.5% (vs. 10.75% requested); equity ratio of 54.7%; Tolk coal plant depreciation accelerated to 2028.
- Hearings scheduled for Q2 2023; NMPRC decision expected in Q4 2023.
- Xcel Energy reaffirms 2023 GAAP and ongoing EPS guidance of $3.30-$3.40, subject to constructive regulatory outcomes.

## SEC filing metadata
- accession: 0000072903-23-000043
- form_type: 8-K
- ticker: XEL
- cik: 0000072903
- company_name: XCEL ENERGY INC
- filed_at: 2023-05-19T23:59:59+00:00
- event_type: regulatory
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/72903/000007290323000043/0000072903-23-000043-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/72903/000007290323000043/xel-20230518.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000072903-23-000043
- JSON: https://secwatch.observer/filing/0000072903-23-000043.json
- Plain text: https://secwatch.observer/filing/0000072903-23-000043.txt

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