regulatory
confidence high
sentiment negative
materiality 0.65
NSP-Wisconsin rate case: PSCW Staff recommends electric decrease, lower ROE
XCEL ENERGY INC
- PSCW Staff recommends $3M electric rate decrease (vs $40M request) and $5M gas increase (vs $9M request).
- Staff recommends ROE of 9.7% (requested 10.25%), equity ratio 52.5%.
- 2023 GAAP and ongoing EPS guidance reaffirmed at $3.30-$3.40.
- PSCW decision expected late Q4 2023 with new rates effective Jan 2024.
- Depreciation life extensions (Monticello, wind) reduced request by $12M; earnings neutral.