Xcel Energy & Public Service Co. of CO File Routine 8-K Update

TL;DR

**Xcel Energy and Public Service Co. of Colorado filed a standard 8-K for corporate info updates, nothing major.**

AI Summary

Xcel Energy Inc. (a Minnesota corporation) and its subsidiary, Public Service Company of Colorado (a Colorado corporation), filed an 8-K on January 29, 2024, to report an 'Other Event.' This filing primarily serves to update their corporate information with the SEC, including their principal executive offices at 414 Nicollet Mall, Minneapolis, Minnesota, and 1800 Larimer Street, Denver, Colorado, respectively. For investors, this filing is routine and indicates no immediate operational or financial changes, but rather a standard compliance update, which is neutral for stock owners.

Why It Matters

This filing is a routine administrative update, primarily confirming corporate details and addresses, and does not signal any material operational or financial changes for Xcel Energy Inc. or its subsidiary.

Risk Assessment

Risk Level: low — The filing is purely administrative, updating corporate information, and does not introduce any new financial or operational risks.

Analyst Insight

A smart investor would recognize this as a routine compliance filing with no material impact on the company's operations or financial outlook, thus requiring no immediate action regarding their investment in Xcel Energy Inc.

Key Players & Entities

• XCEL ENERGY INC. (company) — registrant and parent company
• PUBLIC SERVICE COMPANY OF COLORADO (company) — subsidiary registrant
• 414 Nicollet Mall (address) — principal executive office of XCEL ENERGY INC.
• Minneapolis (city) — location of XCEL ENERGY INC.'s principal executive office
• Minnesota (state) — state of incorporation for XCEL ENERGY INC.
• 1800 Larimer Street (address) — principal executive office of PUBLIC SERVICE COMPANY OF COLORADO
• Denver (city) — location of PUBLIC SERVICE COMPANY OF COLORADO's principal executive office
• Colorado (state) — state of incorporation for PUBLIC SERVICE COMPANY OF COLORADO
• January 29, 2024 (date) — date of earliest event reported and filing date
• 001-3034 (number) — Commission File Number for XCEL ENERGY INC.

FAQ

Key Financial Figures

• $2.50 — ange on which registered Common Stock, $2.50 par value per share XEL Nasdaq Stock Ma
• $171 m — increase to retail natural gas rates of $171 million, or an approximately 9.5% increas
• $4.2 billion — ity (ROE), an equity ratio of 55% and a $4.2 billion retail rate base which includes project
• $32 million — uest $ 171 (a) Includes approximately $32 million as a result of the increase in ROE from

Filing Documents

• xel-20240129.htm (8-K) — 34KB
• 0000072903-24-000030.txt ( ) — 195KB
• xel-20240129.xsd (EX-101.SCH) — 3KB
• xel-20240129_def.xml (EX-101.DEF) — 14KB
• xel-20240129_lab.xml (EX-101.LAB) — 29KB
• xel-20240129_pre.xml (EX-101.PRE) — 15KB
• xel-20240129_htm.xml (XML) — 4KB

01. Other Events

Item 8.01. Other Events Colorado Natural Gas Rate Request On Jan. 29, 2024, Public Service Company of Colorado (PSCo), a wholly owned subsidiary of Xcel Energy Inc., filed a request with the Colorado Public Utilities Commission (CPUC) seeking an increase to retail natural gas rates of $171 million, or an approximately 9.5% increase in the average residential customer bill. The request i s based on a 2023 test year, a 10.25% Return on Equity (ROE), an equity ratio of 55% and a $4.2 billion retail rate base which includes projected capital additions through Dec. 31, 2023. PSCo has requested a proposed effective date of Nov. 1, 2024. PSCo has proposed to defer collection of the increased rates until Feb. 15, 2025 (following the expiration of the rider to recover Winter Storm Uri costs) to mitigate customer bill impacts, with revenues for the deferred period collected over a 12-month period beginning on that date. The request supports fundamental infrastructure investments to serve customers, consistent with PSCo's obligation to provide safe, reliable service while enabling PSCo to continue to be a leader of the clean energy transition in partnership with the CPUC to achieve clean heat goals. Revenue Request (millions of dollars) Changes since 2022 rate case: Plant related investments (a) $ 145 Operations and maintenance, amortization and other expenses 23 Property tax expense 10 Sales growth (7) Total base revenue request $ 171 (a) Includes approximately $32 million as a result of the increase in ROE from 9.2% to 10.25%.

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. January 29, 2024 Xcel Energy Inc. (a Minnesota corporation) Public Service Company of Colorado (a Colorado corporation) /s/ BRIAN J. VAN ABEL Brian J. Van Abel Executive Vice President, Chief Financial Officer

View Full Filing

View this 8-K filing on SEC EDGAR