secwatch.observer — SEC 8-K summary
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Issuer:     XCEL ENERGY INC (XEL)
CIK:        0000072903
Form:       8-K
Filed at:   2023-12-22T23:59:59+00:00
Accession:  0000072903-23-000172
Event type: regulatory
Sentiment:  positive
Materiality: 0.65
Item codes: 8.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/72903/000007290323000172/0000072903-23-000172-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/72903/000007290323000172/xel-20231222.htm
  HTML page:      https://secwatch.observer/filing/0000072903-23-000172

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