secwatch.observer — SEC 8-K summary
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Issuer:     XCEL ENERGY INC (XEL)
CIK:        0000072903
Form:       8-K
Filed at:   2023-05-19T23:59:59+00:00
Accession:  0000072903-23-000043
Event type: regulatory
Sentiment:  neutral
Materiality: 0.70
Item codes: 8.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/72903/000007290323000043/0000072903-23-000043-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/72903/000007290323000043/xel-20230518.htm
  HTML page:      https://secwatch.observer/filing/0000072903-23-000043

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