---
schema_version: "secwatch.filing_event.v1"
accession: "0000072903-23-000131"
form_type: "8-K"
ticker: "XEL"
cik: "0000072903"
company_name: "XCEL ENERGY INC"
filed_at: "2023-09-01T23:59:59+00:00"
generated_at: "2026-06-11T00:48:51.410330+00:00"
event_type: "regulatory"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# NSP-Wisconsin rate case: PSCW Staff recommends electric decrease, lower ROE

## Summary
- 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.

## SEC filing metadata
- accession: 0000072903-23-000131
- form_type: 8-K
- ticker: XEL
- cik: 0000072903
- company_name: XCEL ENERGY INC
- filed_at: 2023-09-01T23:59:59+00:00
- event_type: regulatory
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/72903/000007290323000131/0000072903-23-000131-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/72903/000007290323000131/xel-20230901.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000072903-23-000131
- JSON: https://secwatch.observer/filing/0000072903-23-000131.json
- Plain text: https://secwatch.observer/filing/0000072903-23-000131.txt

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