Highest-materiality recent filing
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.
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.
Max materiality 0.85 · Median 0.60 · Most common event regulatory