Xcel Energy Files 8-K

TL;DR

Xcel Energy filed an 8-K on 6/27, no juicy details yet.

AI Summary

Xcel Energy Inc. filed an 8-K on June 27, 2024, to report other events. The filing does not contain specific financial figures or details about the nature of these events, but it is a standard regulatory filing.

Why It Matters

This filing indicates a regulatory event for Xcel Energy, but lacks specific details for investors to assess immediate impact.

Risk Assessment

Risk Level: low — The filing is a routine regulatory disclosure without immediate financial implications.

Key Players & Entities

• XCEL ENERGY INC (company) — Filer
• PUBLIC SERVICE CO OF COLORADO (company) — Subsidiary Filer
• 0000072903 (company) — Central Index Key for Xcel Energy
• 0000081018 (company) — Central Index Key for Public Service Co of Colorado

FAQ

Key Financial Figures

• $2.50 — ange on which registered Common Stock, $2.50 par value per share XEL Nasdaq Stock Ma
• $1.9 billion — tal cost for this plan is approximately $1.9 billion. The Plan is a key component of keepin

Filing Documents

• xel-20240627.htm (8-K) — 59KB
• 0000072903-24-000151.txt ( ) — 221KB
• xel-20240627.xsd (EX-101.SCH) — 3KB
• xel-20240627_def.xml (EX-101.DEF) — 14KB
• xel-20240627_lab.xml (EX-101.LAB) — 26KB
• xel-20240627_pre.xml (EX-101.PRE) — 15KB
• xel-20240627_htm.xml (XML) — 4KB

01. Other Events

Item 8.01. Other Events Wildfire Mitigation Plan On June 27, 2024, Public Service Company of Colorado (PSCo), a Colorado corporation and wholly owned subsidiary of Xcel Energy Inc., filed an Updated Wildfire Mitigation Plan (the Plan) and request for recovery of costs covering the years 2025 to 2027 with the Colorado Public Utilities Commission (CPUC). The estimated total cost for this plan is approximately $1.9 billion. The Plan is a key component of keeping our customers and communities safe while providing reliable and affordable electric service. The Plan integrates industry experience; incorporates evolving risk assessment methodologies; adds new technology; and expands the scope, pace and scale of our work to reduce wildfire risk in a comprehensive and efficient manner under four core programs that include the following: Situational awareness – Meteorology, area risk mapping and modeling, artificial intelligence cameras and continuous monitoring. Operational mitigations – Enhanced powerline safety settings and public safety power shutoffs (PSPS). System resiliency – Asset assessment and remediations, pole replacements, line rebuilds, targeted undergrounding and vegetation management. Customer support – Coordination and real-time data sharing with customers and other stakeholders and PSPS resiliency rebates. Total capital investments and O&M expenses associated with the proposed plan are estimated at the following for 2025-2027: (Millions of Dollars) 2025 2026 2027 Total Capital investments Situational awareness $ 24 $ 17 $ 10 $ 51 Operational mitigations 58 66 83 207 System resiliency 368 411 565 1,344 Total capital investments $ 450 $ 494 $ 658 $ 1,602 O&M expenses Situational awareness $ 9 $ 10 $ 10 $ 29 Operational mitigations 3 3 4 10 System resiliency 44 69 77 190 Customer support 7 8 9 24 Total O&M expenses 63 90 100 253 Total expenditures $ 513 $ 584 $ 758 $ 1,855 A CPUC decision is expected in early 2025. Certain information

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. June 27, 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