SPS reaches $90M rate increase stipulation in NMPRC case; Xcel reaffirms EPS guidance

SOUTHWESTERN PUBLIC SERVICE CO

Base rate revenue increase of $90M (7.7% total) vs. original $168M request.
ROE set at 9.5% (requested 10.5%); equity ratio 54.70% (requested 56%).
Hearing on non-unanimous stipulation scheduled July 2026; NMPRC decision expected Q4 2026 with Dec. 2026 implementation.
Xcel Energy reaffirms 2026 ongoing EPS guidance of $4.04-$4.16 per share.

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