---
schema_version: "secwatch.filing_event.v1"
accession: "0000072903-24-000089"
form_type: "8-K"
ticker: "XEL"
cik: "0000072903"
company_name: "XCEL ENERGY INC"
filed_at: "2024-04-11T23:59:59+00:00"
generated_at: "2026-06-04T00:13:34.547468+00:00"
event_type: "regulatory"
sentiment: "positive"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000072903-24-000089
- form_type: 8-K
- ticker: XEL
- cik: 0000072903
- company_name: XCEL ENERGY INC
- filed_at: 2024-04-11T23:59:59+00:00
- event_type: regulatory
- sentiment: positive
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/72903/000007290324000089/0000072903-24-000089-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/72903/000007290324000089/xel-20240411.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000072903-24-000089
- JSON: https://secwatch.observer/filing/0000072903-24-000089.json
- Plain text: https://secwatch.observer/filing/0000072903-24-000089.txt

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