Highest-materiality recent filing
All 10 director nominees elected; votes for ranged from 495.8M to 510.3M, >95% of votes cast.
SPS rate case update: intervenors propose $28M-$113M revenue increases vs $168M ask
Staff recommends $48M revenue increase, 9.75% ROE; NMDOJ $105M, 8.77% ROE.
Xcel Energy enters up to $4.3B at-the-market equity distribution agreement
Aggregate gross sales price up to $4.3B of common stock through Sales Agents and Forward Sellers.
Xcel Energy issues $800M 5.75% Fixed-to-Fixed reset junior notes due 2056
Issued $800M in aggregate principal amount of 5.75% Fixed-to-Fixed Reset Rate Junior Subordinated Notes due 2056.
Xcel Energy enters $1.5B 364-day term loan, draws $750M for general corporate purposes
Unsecured 364-day delayed draw term loan facility, maturity Jan 30, 2027.
PSCo files $190M natural gas rate increase request with Colorado PUC
Public Service Company of Colorado seeks $190M revenue increase (11.6%) from CPUC.
Xcel Energy elects Maria Demaree to board of directors
Maria Demaree, 57, elected to Xcel Energy board effective Dec. 17, 2025; board expands from 11 to 12 members.
Xcel Energy launches up to $345M cash tender for three series of NSPM first mortgage bonds
Offers to purchase up to $345M aggregate principal of three series of first mortgage bonds issued by subsidiary NSPM.
PSCo files electric rate case with Colorado PUC seeking $356M revenue increase
Public Service Company of Colorado filed a rate case with the CPUC on Nov. 21, 2025, seeking $356 million revenue increase (9.9%).
SPS files $175M rate case with New Mexico regulator; decision expected Q4 2026
Seeks $175M (16.7%) base rate revenue increase based on $3.9B retail rate base, 10.5% ROE, 56% equity ratio.
PSCW approves $148M combined rate increase for Xcel's NSP-Wisconsin, below $175M request
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).
Xcel Energy issues $900M of 6.25% junior subordinated notes due 2085
$900M aggregate principal of 6.25% Junior Subordinated Notes, Series due 2085 issued on Oct 7, 2025.
Xcel Energy agrees to ~$640M Marshall Fire settlement, takes $290M charge; reaffirms EPS guidance
PSCo will pay ~$640M to resolve all claims from Marshall Fire; ~$350M funded by insurance.
PSCW Staff recommends $115M electric, $21M gas rate increases for Xcel's NSP-Wisconsin
PSCW Staff recommended $115M electric rate increase (14.4% over 2026-2027) vs. company request of $151M.
Xcel Energy enters $4B equity distribution agreement for at-the-market stock sales
Up to $4B aggregate gross sales price of common stock may be sold through 20 sales agents and forward purchasers.
SPS selects 3,121 MW accredited capacity in IRP portfolio; includes gas, wind, solar, storage
Portfolio selection filed with NMPRC: 3,121 MW accredited capacity (5,168 MW nameplate).
Xcel Energy names Ryan Long EVP, Chief Legal & Compliance Officer; Rob Berntsen departs
Rob Berntsen, EVP Chief Legal & Compliance Officer, left Xcel Energy effective June 13, 2025.
Xcel Energy annual meeting results: all 11 directors elected, say-on-pay passes
All 11 director nominees elected; Richard O'Brien received fewest 'for' votes at 425.7M.
NSP-Wisconsin files $151M electric, $24M gas rate increase request with PSCW for 2026-2027
Electric: $94M (11.8%) in 2026, incremental $57M (7.1%) in 2027, total $151M over two years.
Xcel Energy issues $1.1B in senior notes: $350M 4.75% due 2028 and $750M 5.60% due 2035
$350 million of 4.75% Senior Notes due March 21, 2028 issued.
Xcel Energy COO Timothy O'Connor retiring; Sharp, Lamb appointed to new EVP roles
Timothy O'Connor to retire as EVP, COO effective May 1, 2025; will remain as advisor through August 21, 2025.
Xcel Energy elects Weyerhaeuser CEO Devin Stockfish to board of directors
Elected Devin Stockfish to board effective Jan 23, 2025; board expands from 13 to 14 members.
SPS files $538M Texas System Resiliency Plan with PUCT for 2025-2028
Southwestern Public Service Company filed its Texas System Resiliency Plan with the PUCT on Dec 30, 2024.
Underwriters fully exercised 30-day option to purchase an additional 2,748,091 shares of common stock.
Xcel Energy enters forward sale agreements for 18.3M shares at $64.44 per share
Entered forward sale agreements with Barclays and Bank of America for 18,320,610 shares of common stock (initial forward price $64.4356/share).
PSCo files electric plan with 5-14 GW need; CPUC approves $135M natural gas rate increase
PSCo filed Colorado electric resource plan with 7% base and 3% low sales CAGR through 2031.
Xcel Energy subsidiary faces $99M-$80M adjustments in CO gas rate case; staff opposes deferral
PSCo initially sought $171M rate increase; staff proposes $72M, UCA $91M.
Xcel Energy subsidiary files $1.9B wildfire mitigation plan with Colorado regulators
PSCo filed a $1.9B Updated Wildfire Mitigation Plan (2025-2027) with the Colorado PUC.
Xcel Energy shareholders approve 2024 Equity Incentive Plan reserving 12M shares, elect directors
Shareholders approved 2024 Equity Incentive Plan, reserving 12,000,000 shares for equity awards.
PUCT approves SPS rate case settlement with $65M increase, 9.55% ROE
PUCT unanimously approved SPS's rate case settlement on April 11, 2024, without modification.
Xcel Energy receives notice of potential damages from Smokehouse Creek Fire; utility pole preserved
Smokehouse Creek Fire ~900,000 acres, ~3% contained as of Feb 28, 2024.
Xcel Energy issues $800M of 5.50% Senior Notes due 2034
$800M aggregate principal of 5.50% Senior Notes, Series due March 15, 2034.
Xcel Energy files corrected consent for prior $2.5B equity shelf registration
Filing corrects clerical error in consent of independent auditor filed with annual report.
Xcel subsidiary PSCo files $171M Colorado natural gas rate increase request
PSCo seeks $171M base rate increase (approx 9.5% avg residential bill) based on 2023 test year and $4.2B rate base.
SPS (Xcel Energy unit) settles TX rate case for $65M base increase, 9.55% ROE
Settlement filed Dec. 22 provides $65M base rate increase effective July 13, 2023, vs. original $158M request.
Colorado PUC approves alternative 5,835 MW resource plan for Xcel Energy's PSCo; $4.8B investment
CPUC approved 5,835 MW alternative portfolio vs. PSCo's proposed 7,521 MW; 3,133 MW owned, 2,702 MW purchased.
PSCW approves NSP-Wisconsin rate increases: electric $1M, natural gas $5M
PSCW verbally approved NSP-Wisconsin rate request on Nov 9; final written order expected Dec 2023, rates effective Jan 2024.
Xcel Energy enters into equity distribution agreement for up to $2.5B ATM offering
Entered equity distribution agreement with 14 sales agents for up to $2.5B of common stock.
Xcel Energy promotes Amanda Rome to EVP, Group President Utilities; Brett Carter departs
Brett Carter leaves role as EVP and Group President, Utilities and Chief Customer Officer to pursue other opportunities, providing transition through year-end.
Xcel Energy subsidiary files $10.8B Colorado Resource Plan with CPUC; aims to exit coal by 2030
PSCo filed Preferred Plan with CPUC on Sept 18, 2023, seeking approval for $7.9B generation and $2.9B transmission investments.
NSP-Wisconsin rate case: PSCW Staff recommends electric decrease, lower ROE
PSCW Staff recommends $3M electric rate decrease (vs $40M request) and $5M gas increase (vs $9M request).
Xcel Energy elects Timothy Welsh (U.S. Bancorp exec) to board, effective Aug. 23, 2023
Timothy Welsh elected to Xcel Energy board effective Aug. 23, 2023; term expires at 2024 annual meeting.
Xcel Energy subsidiary settles Colorado electric rate case for $95M increase, CPUC approves
CPUC orally approved settlement with $95M retail revenue increase (2.96%), based on 2022 historic test year.
SPS updates $158M Texas rate case; Xcel reaffirms 2023 EPS guidance $3.30-$3.40
Rate increase request of $158M based on 10.65% ROE, 54.6% equity, $3.6B retail rate base; 14% bill impact.
Xcel Energy issues $800M of 5.45% Senior Notes due 2033
$800M aggregate principal of 5.45% Senior Notes, Series due August 15, 2033.
Xcel Energy subsidiary files Colorado rate settlement; reaffirms 2023 EPS guidance of $3.30-$3.40
PSCo filed comprehensive settlement for electric rate case seeking $95M revenue increase (2.96% avg bill rise) or $47M with depreciation deferrals.
Xcel Energy 2023 annual meeting results: all directors elected, say on pay approved
All 12 director nominees elected; highest votes for Netha Johnson (429,160,572), lowest for Robert Frenzel (409,210,453).
SPS revises NM rate case request to $75M; contested stipulation filed for $33M increase
SPS revised its New Mexico electric rate case request from $78M to $75M; stipulation proposes $33M revenue increase, opposed by two environmental groups.
Xcel Energy subsidiary PSCo faces lower rate increase recommendations in Colorado electric rate case
PSCo sought $262M net increase (8.2%) in Nov 2022; intervenors propose base rate changes from +$31M (Staff) to -$16M (CEC).
SPS files $149M Texas rate case; PUCT decision due Q1 2024
SPS seeks $149M increase in base rate revenue (13% bill impact) based on test year ended Sept. 30, 2022.
On June 13, 2025, Rob Berntsen, Executive Vice President, Chief Legal and Compliance Officer at Xcel Energy Inc. (“Xcel Energy”), provided notice that he will be leaving Xcel Energy effective immediately to pursue another opportunity.
Effective June 16, 2025, Ryan Long was promoted to Executive Vice President, Chief Legal and Compliance Officer at Xcel Energy.
Michael Lamb will begin serving as Executive Vice President, Chief Delivery Officer, and Scott Sharp will begin serving as Executive Vice President, Chief Generation Officer.
Michael Lamb will begin serving as Executive Vice President, Chief Delivery Officer, and Scott Sharp will begin serving as Executive Vice President, Chief Generation Officer.
On January 20, 2025, the Board of Directors (the “Board”) of Xcel Energy Inc. (“Xcel Energy”) elected Devin Stockfish, 51, to serve on the Board, effective January 23, 2025, for a term expiring at the Xcel Energy 2025 Annual Meeting of Shareholders.
Brett Carter exited the role of Executive Vice President and Group President, Utilities and Chief Customer Officer to pursue other opportunities
Ryan Long, Xcel Energy’s Vice President, Deputy General Counsel, is serving as interim general counsel.
Amanda Rome was promoted to Executive Vice President and Group President, Utilities and Chief Customer Officer at Xcel Energy Inc. (“Xcel Energy”) and ceased serving as Executive Vice President, Chief Legal and Compliance Officer.
On August 23, 2023, the Board of Directors (the “Board”) of Xcel Energy Inc. (“Xcel Energy”) elected Timothy A. Welsh, 57, to serve on the Board, effective August 23, 2023, for a term expiring at the Xcel Energy 2024 Annual Meeting of Shareholders.
On June 22, 2022, the Board of Directors (the “Board”) of Xcel Energy Inc. (“Xcel Energy”) elected Megan D. Burkhart, 50, to serve on the Board effective June 22, 2022, for a term expiring at the Xcel Energy 2023 Annual Meeting of Shareholders.
Effective March 1, 2022, Brian Van Abel, Xcel Energy’s Executive Vice President, Chief Financial Officer, will serve in the additional role of principal accounting officer.
Jeff Savage ceased serving as Xcel Energy’s Senior Vice President, Controller and principal accounting officer as of March 1, 2022.
Max materiality 0.85 · Median 0.60 · Most common event regulatory