---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-318611"
form_type: "8-K"
ticker: "XEL"
cik: "0000072903"
company_name: "XCEL ENERGY INC"
filed_at: "2025-12-15T23:59:59+00:00"
generated_at: "2026-05-16T13:17:24.809641+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Xcel Energy launches up to $345M cash tender for three series of NSPM first mortgage bonds

## Summary
- Offers to purchase up to $345M aggregate principal of three series of first mortgage bonds issued by subsidiary NSPM.
- Series with acceptance priorities: 3.600% due 2046 (highest), 4.00% due 2045, 4.125% due 2044 (lowest).
- Fixed spread of +45 bps over reference UST; total consideration set on Dec 19, 2025 price determination date.
- Offers expire Dec 19, 2025; settlement expected Dec 24, 2025; no minimum tender condition.
- Xcel Energy may increase or waive the $345M maximum purchase amount in its sole discretion.

## SEC filing metadata
- accession: 0001193125-25-318611
- form_type: 8-K
- ticker: XEL
- cik: 0000072903
- company_name: XCEL ENERGY INC
- filed_at: 2025-12-15T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/72903/000119312525318611/0001193125-25-318611-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/72903/000119312525318611/d72378d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-318611
- JSON: https://secwatch.observer/filing/0001193125-25-318611.json
- Plain text: https://secwatch.observer/filing/0001193125-25-318611.txt

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