---
schema_version: "secwatch.filing_event.v1"
accession: "0000072903-23-000172"
form_type: "8-K"
ticker: "XEL"
cik: "0000072903"
company_name: "XCEL ENERGY INC"
filed_at: "2023-12-22T23:59:59+00:00"
generated_at: "2026-06-07T08:34:44.674034+00:00"
event_type: "regulatory"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# SPS (Xcel Energy unit) settles TX rate case for $65M base increase, 9.55% ROE

## Summary
- Settlement filed Dec. 22 provides $65M base rate increase effective July 13, 2023, vs. original $158M request.
- Authorized ROE of 9.55% (down from 10.65% requested); equity ratio 54.51%; WACC 7.11%.
- Tolk coal plant depreciation life accelerated from 2034 to 2028 as proposed.
- Rate rider of ~$18M over three years established for deferred expenses.
- PUCT decision expected in Q1 2024; settlement backed by SPS, staff, and intervenors.

## SEC filing metadata
- accession: 0000072903-23-000172
- form_type: 8-K
- ticker: XEL
- cik: 0000072903
- company_name: XCEL ENERGY INC
- filed_at: 2023-12-22T23:59:59+00:00
- event_type: regulatory
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/72903/000007290323000172/0000072903-23-000172-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/72903/000007290323000172/xel-20231222.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000072903-23-000172
- JSON: https://secwatch.observer/filing/0000072903-23-000172.json
- Plain text: https://secwatch.observer/filing/0000072903-23-000172.txt

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