Xcel Energy Files 8-K

TL;DR

Xcel Energy filed an 8-K, but it's mostly just header info. No big news here.

AI Summary

Xcel Energy Inc. filed an 8-K on December 2, 2024, to report other events. The filing primarily contains header information and does not disclose specific material events, transactions, or agreements. It also includes information for Northern States Power Co., a subsidiary of Xcel Energy.

Why It Matters

This 8-K filing from Xcel Energy indicates a routine regulatory submission, but lacks specific details on material events that could impact investors.

Risk Assessment

Risk Level: low — The filing is a standard 8-K with no disclosed material events, suggesting no immediate new risks.

Key Players & Entities

• XCEL ENERGY INC (company) — Filer
• NORTHERN STATES POWER CO (company) — Subsidiary Filer
• 0000072903-24-000203 (document_id) — Accession Number

FAQ

Key Financial Figures

• $2.50 — ange on which registered Common Stock, $2.50 par value per share XEL Nasdaq Stock Ma
• $45 m — electric rate increase of approximately $45 million, or 19.3% over current rates esta
• $817 million — ty of 10.3%, rate base of approximately $817 million and an equity ratio of 52.50%. NSP-Minn
• $27 million — es, subject to refund, of approximately $27 million to be implemented on Feb. 1, 2025. Ce

Filing Documents

• xel-20241202.htm (8-K) — 31KB
• 0000072903-24-000203.txt ( ) — 190KB
• xel-20241202.xsd (EX-101.SCH) — 2KB
• xel-20241202_def.xml (EX-101.DEF) — 14KB
• xel-20241202_lab.xml (EX-101.LAB) — 26KB
• xel-20241202_pre.xml (EX-101.PRE) — 15KB
• xel-20241202_htm.xml (XML) — 4KB

01. Other Events

Item 8.01. Other Events 2024 North Dakota Electric Rate Case On Dec 2, 2024, Northern States Power Company, a Minnesota corporation (NSP-Minnesota), filed a request with the North Dakota Public Service Commission for an annual electric rate increase of approximately $45 million, or 19.3% over current rates established in 2021. The filing is based on a 2025 forecast test year and includes a requested return on equity of 10.3%, rate base of approximately $817 million and an equity ratio of 52.50%. NSP-Minnesota requested interim rates, subject to refund, of approximately $27 million to be implemented on Feb. 1, 2025. Certain information discussed in this Current Report on Form 8-K is forward-looking information that involves risks, uncertainties and assumptions. Such forward-looking statements, including those relating to expected rate increases to customers, expectations and intentions regarding regulatory proceedings and the effective date of the rates, as well as assumptions and other statements are intended to be identified in this document by the words "anticipate," "believe," "could," "estimate," "expect," "intend," "may," "objective," "outlook," "plan," "project," "possible," "potential," "should," "will," "would" and similar expressions. Actual results may vary materially. Forward-looking statements speak only as of the date they are made, and we expressly disclaim any obligation to update any forward-looking information. The following factors, in addition to those discussed in NSP-Minnesota's Annual Report on Form 10-K for the fiscal year ended Dec. 31, 2023, and subsequent filings with the SEC, could cause actual results to differ materially from management expectations as suggested by such forward-looking information: operational safety, including our nuclear generation facilities and other utility operations; successful long-term operational planning; commodity risks associated with energy markets and production; rising energy prices and fuel costs; qu

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. December 2, 2024 Xcel Energy Inc. (a Minnesota corporation) Northern States Power Company (a Minnesota 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