Xcel Energy Files 8-K for Other Event

TL;DR

Xcel Energy filed an 8-K for an 'Other Event' on Oct 15th. Details TBD.

AI Summary

Xcel Energy Inc. filed an 8-K on October 17, 2024, reporting an "Other Event" on October 15, 2024. The filing pertains to both Xcel Energy Inc. and its subsidiary, Public Service Company of Colorado. No specific details of the event were provided in the excerpt.

Why It Matters

This filing indicates a material event has occurred that Xcel Energy Inc. is legally required to disclose to the public, though the specifics are not yet detailed in this initial report.

Risk Assessment

Risk Level: low — The filing itself is a routine disclosure and does not contain information that inherently poses a risk.

Key Players & Entities

• XCEL ENERGY INC (company) — Filer
• PUBLIC SERVICE CO OF COLORADO (company) — Subsidiary Filer
• 0000072903 (company) — Central Index Key for Xcel Energy Inc.
• 0000081018 (company) — Central Index Key for Public Service Co of Colorado
• 20241015 (date) — Date of Report
• 20241017 (date) — Filing Date

FAQ

Key Financial Figures

• $2.50 — ange on which registered Common Stock, $2.50 par value per share XEL Nasdaq Stock Ma
• $171 million — increase to retail natural gas rates of $171 million (9.5%). The request is based on a 10.25
• $4.2 billion — ty ratio of 55%, a 2023 test year and a $4.2 billion retail rate base which includes project
• $15 million — atio range of 52%-55%. Acceleration of $15 million per year of depreciation expense (incre
• $135 m — nnual revenue increase of approximately $135 million, inclusive of $15 million of acce
• $3.50 — s its 2024 ongoing earnings guidance of $3.50 to $3.60 per share, which is based on s
• $3.60 — 4 ongoing earnings guidance of $3.50 to $3.60 per share, which is based on several ke

Filing Documents

• xel-20241015.htm (8-K) — 45KB
• 0000072903-24-000194.txt ( ) — 207KB
• xel-20241015.xsd (EX-101.SCH) — 3KB
• xel-20241015_def.xml (EX-101.DEF) — 14KB
• xel-20241015_lab.xml (EX-101.LAB) — 26KB
• xel-20241015_pre.xml (EX-101.PRE) — 15KB
• xel-20241015_htm.xml (XML) — 4KB

01. Other Events

Item 8.01. Other Events 2024 Colorado Electric Resource Plan On October 15, 2024, Public Service Company of Colorado (PSCo), a wholly owned subsidiary of Xcel Energy Inc., filed its electric resource plan, known as the Just Transition Solicitation, with the Colorado Public Utilities Commission (CPUC). The filing outlines the policies and assumptions that will underpin expected growth on the system, the generation resources needed to meet the projected growth and the future evaluation of competitive bids for new generation resources. The plan reflects a base sales forecast with 7% compound annual sales growth through 2031. The plan also presents a low sales forecast with a 3% compound annual sales growth through 2031. The resource plan includes forecasted need of 5-14 GW of new generation capacity through 2031, including renewables and firm dispatchable resources to meet the two different scenarios. The table below shows certain potential portfolios, with actual resource acquisitions, and transmission investments necessary for delivery, to be determined following a competitive solicitation. (Megawatts) Base Plan Low Load Wind 7,250 2,800 Solar 3,077 1,200 Natural gas combustion turbine 1,575 1,400 Storage (long duration) 1,600 — Other storage 450 — Total 13,952 5,400 The proposed plan supports the just transition effort for energy transition communities through policies designed to encourage resource and economic development and to support the workforce transition, and requests adoption of additional policies supporting the development of long-lead time clean energy resources. A CPUC decision on the resource plan is expected by the fall of 2025 (Phase I) with the competitive solicitation for resource additions expected in early 2026. Colorado Natural Gas Rate Case In January 2024, PSCo, filed a request with the CPUC seeking an increase to retail natural gas rates of $171 million (9.5%). The request is based on a 10.25% return on equity (ROE), an eq

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. October 17, 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