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.
PSCo files $190M natural gas rate increase request with Colorado PUC
Public Service Company of Colorado seeks $190M revenue increase (11.6%) from CPUC.
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 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 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 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 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.
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 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 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