---
schema_version: "secwatch.filing_event.v1"
accession: "0000072903-26-000075"
form_type: "8-K"
ticker: "XEL"
cik: "0000072903"
company_name: "XCEL ENERGY INC"
filed_at: "2026-05-05T23:59:59+00:00"
generated_at: "2026-05-14T23:38:11.206854+00:00"
event_type: "regulatory"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# SPS rate case update: intervenors propose $28M-$113M revenue increases vs $168M ask

## Summary
- Staff recommends $48M revenue increase, 9.75% ROE; NMDOJ $105M, 8.77% ROE.
- NMLCG recommends $28M increase, 8.10% ROE; LES-FEA $113M, 9.45% ROE.
- SPS originally sought $168M (16.0%) increase, 10.5% ROE, 56% equity ratio.
- Rebuttal testimony due May 29, 2026; hearing July 7; decision expected Q4 2026.

## SEC filing metadata
- accession: 0000072903-26-000075
- form_type: 8-K
- ticker: XEL
- cik: 0000072903
- company_name: XCEL ENERGY INC
- filed_at: 2026-05-05T23:59:59+00:00
- event_type: regulatory
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/72903/000007290326000075/0000072903-26-000075-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/72903/000007290326000075/xel-20260501.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000072903-26-000075
- JSON: https://secwatch.observer/filing/0000072903-26-000075.json
- Plain text: https://secwatch.observer/filing/0000072903-26-000075.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.