PSCW Staff recommends $115M electric, $21M gas rate increases for Xcel's NSP-Wisconsin

XCEL ENERGY INC

PSCW Staff recommended $115M electric rate increase (14.4% over 2026-2027) vs. company request of $151M.
Staff recommended $21M natural gas increase (12.3% over two years) vs. company request of $24M.
Staff proposed 9.7% ROE and 53.5% equity ratio; company requested 10.0% ROE.
Key adjustments: capital investments reduced by $15M (electric) and $1M (gas); ROE adjustment reduced $7M/$1M.
PSCW decision expected late Q4 2025; rebuttal testimony due Aug 28, hearing Sept 16.

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