---
schema_version: "secwatch.filing_event.v1"
accession: "0000072903-23-000116"
form_type: "8-K"
ticker: "XEL"
cik: "0000072903"
company_name: "XCEL ENERGY INC"
filed_at: "2023-08-15T23:59:59+00:00"
generated_at: "2026-06-11T09:46:32.670263+00:00"
event_type: "regulatory"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# SPS updates $158M Texas rate case; Xcel reaffirms 2023 EPS guidance $3.30-$3.40

## Summary
- Rate increase request of $158M based on 10.65% ROE, 54.6% equity, $3.6B retail rate base; 14% bill impact.
- Opposing parties propose lower revenue changes: Staff $102M, AXM $66M, OPUC $130M, TIEC $89M.
- Procedural schedule: rebuttal testimony Aug 25, hearings Sep 12-21, PUCT decision expected Q1 2024.
- Xcel Energy reaffirms 2023 GAAP/ongoing EPS guidance $3.30-$3.40 subject to constructive regulatory outcomes.
- SPS seeks accelerated Tolk coal plant depreciation (2034→2028); OPUC proposes unchanged 2034 life, AXM extends to 2045.

## SEC filing metadata
- accession: 0000072903-23-000116
- form_type: 8-K
- ticker: XEL
- cik: 0000072903
- company_name: XCEL ENERGY INC
- filed_at: 2023-08-15T23:59:59+00:00
- event_type: regulatory
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/72903/000007290323000116/0000072903-23-000116-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/72903/000007290323000116/xel-20230804.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000072903-23-000116
- JSON: https://secwatch.observer/filing/0000072903-23-000116.json
- Plain text: https://secwatch.observer/filing/0000072903-23-000116.txt

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