{"schema_version":"secwatch.filing_event.v1","accession":"0000072903-25-000261","form_type":"8-K","ticker":"XEL","cik":"0000072903","company_name":"XCEL ENERGY INC","filed_at":"2025-11-21T23:59:59+00:00","discovered_at":"2026-05-14T18:02:42.032433+00:00","generated_at":"2026-05-16T17:46:35.093647+00:00","sec_items":["8.01"],"event_type":"regulatory","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"SPS files $175M rate case with New Mexico regulator; decision expected Q4 2026","bullets":["Seeks $175M (16.7%) base rate revenue increase based on $3.9B retail rate base, 10.5% ROE, 56% equity ratio.","Rate request components: $204M retail revenue growth, $148M asset allocation changes (incl. wholesale load roll-off), $133M capital investment.","Additional drivers: $36M O&M expenses, $34M depreciation/amortization changes, $28M from requested ROE increase.","Future test year ends Nov 30, 2027; planned 100 MW wholesale load roll-off in 2026; NMPRC decision in Q4 2026."],"urls":{"canonical":"https://secwatch.observer/filing/0000072903-25-000261","json":"https://secwatch.observer/filing/0000072903-25-000261.json","markdown":"https://secwatch.observer/filing/0000072903-25-000261.md","text":"https://secwatch.observer/filing/0000072903-25-000261.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/72903/000007290325000261/0000072903-25-000261-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/72903/000007290325000261/xel-20251120.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T17:46:35.093647+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"}