{"schema_version":"secwatch.filing_event.v1","accession":"0000072903-25-000259","form_type":"8-K","ticker":"XEL","cik":"0000072903","company_name":"XCEL ENERGY INC","filed_at":"2025-11-07T23:59:59+00:00","discovered_at":"2026-05-14T18:02:42.032137+00:00","generated_at":"2026-05-16T23:14:07.322619+00:00","sec_items":["8.01"],"event_type":"regulatory","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"PSCW approves $148M combined rate increase for Xcel's NSP-Wisconsin, below $175M request","bullets":["Electric utility gets $126M over 2 years ($68M in 2026, $58M incremental in 2027); natural gas gets $22M ($18M in 2026, $4M incremental in 2027).","Approved ROE of 9.8% and equity ratio of 52.5% vs. requested 10.0% and 53.5%.","Reductions vs. request: capital investments -$8M, rate of return -$7M, O&M -$5M, nuclear decommissioning accrual -$6M.","Final written order expected December 2025; new rates effective January 2026.","NSP-Wisconsin is a wholly owned subsidiary of Xcel Energy Inc."],"urls":{"canonical":"https://secwatch.observer/filing/0000072903-25-000259","json":"https://secwatch.observer/filing/0000072903-25-000259.json","markdown":"https://secwatch.observer/filing/0000072903-25-000259.md","text":"https://secwatch.observer/filing/0000072903-25-000259.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/72903/000007290325000259/0000072903-25-000259-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/72903/000007290325000259/xel-20251106.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T23:14:07.322619+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}