Xcel Energy agrees to ~$640M Marshall Fire settlement, takes $290M charge; reaffirms EPS guidance

XCEL ENERGY INC

PSCo will pay ~$640M to resolve all claims from Marshall Fire; ~$350M funded by insurance.
Recognizing a ~$290M non-recurring earnings charge in Q3 2025.
Reaffirms 2025 ongoing EPS guidance of $3.75–$3.85; telecom defendants also contributing.
Agreements in principle subject to final documentation and individual plaintiff opt-in.
No admission of fault; Xcel disputes its equipment caused the fire.

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