secwatch.observer — SEC 8-K summary
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Issuer:     XCEL ENERGY INC (XEL)
CIK:        0000072903
Form:       8-K
Filed at:   2023-08-15T23:59:59+00:00
Accession:  0000072903-23-000116
Event type: regulatory
Sentiment:  neutral
Materiality: 0.50
Item codes: 8.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/72903/000007290323000116/0000072903-23-000116-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/72903/000007290323000116/xel-20230804.htm
  HTML page:      https://secwatch.observer/filing/0000072903-23-000116

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