PUCT approves SPS rate case settlement with $65M increase, 9.55% ROE

XCEL ENERGY INC

PUCT unanimously approved SPS's rate case settlement on April 11, 2024, without modification.
Base rate increase of $65M effective retroactive to July 13, 2023; original request was $158M.
Settlement sets ROE at 9.55%, equity ratio 54.51%, and WACC at 7.11% for SPS.
Tolk coal plant depreciation life shortened from 2034 to 2028 reflected in rates.
Approximately $18M rate rider established for deferred expenses recovered over three years.

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