secwatch.observer — SEC 8-K summary
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Issuer:     XCEL ENERGY INC (XEL)
CIK:        0000072903
Form:       8-K
Filed at:   2024-04-11T23:59:59+00:00
Accession:  0000072903-24-000089
Event type: regulatory
Sentiment:  positive
Materiality: 0.50
Item codes: 8.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/72903/000007290324000089/0000072903-24-000089-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/72903/000007290324000089/xel-20240411.htm
  HTML page:      https://secwatch.observer/filing/0000072903-24-000089

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