regulatory
confidence high
sentiment neutral
materiality 0.55
PSCW approves NSP-Wisconsin rate increases: electric $1M, natural gas $5M
XCEL ENERGY INC
- PSCW verbally approved NSP-Wisconsin rate request on Nov 9; final written order expected Dec 2023, rates effective Jan 2024.
- Electric increase $1M (vs. revised request $25M); natural gas $5M (revised request $7M).
- ROE set at 9.8% (NSP-Wisconsin requested 10.25%; PSCW staff recommended 9.7%).
- Xcel Energy reaffirms 2023 ongoing EPS guidance $3.32-$3.37 and 2024 GAAP/ongoing EPS $3.50-$3.60.
- Prudently incurred 2024 fuel costs will be trued up within a 2% band (~$3M).