Xcel Energy Files 8-K for Other Events

TL;DR

Xcel Energy filed an 8-K for 'Other Events' on 8/8/25. Details pending.

AI Summary

Xcel Energy Inc. filed an 8-K on August 11, 2025, reporting an event that occurred on August 8, 2025. The filing pertains to "Other Events" and includes information related to its subsidiaries, Northern States Power Co. /MN/ and Northern States Power Co. /WI/. The specific nature of the "Other Events" is not detailed in the provided text.

Why It Matters

This filing indicates a material event has occurred for Xcel Energy and its subsidiaries, requiring public disclosure. Investors should look for further details to understand the event's implications.

Risk Assessment

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

Key Numbers

• 20250808 — Event Date (Date of the reported event)
• 20250811 — Filing Date (Date the 8-K was filed with the SEC)

Key Players & Entities

• XCEL ENERGY INC (company) — Filer
• NORTHERN STATES POWER CO /MN/ (company) — Subsidiary
• NORTHERN STATES POWER CO /WI/ (company) — Subsidiary
• 0000072903-25-000227 (filing_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
• $94 million — ed a total electric revenue increase of $94 million (11.8%) in 2026 and an incremental $57
• $57 million — lion (11.8%) in 2026 and an incremental $57 million (7.1%) in 2027, for a total of $151 mil
• $151 million — million (7.1%) in 2027, for a total of $151 million over the two-year period of 2026 and 20
• $2.9 billion — rease is based on electric rate base of $2.9 billion in 2026 and $3.2 billion in 2027. For t
• $3.2 billion — c rate base of $2.9 billion in 2026 and $3.2 billion in 2027. For the natural gas utility, N
• $20 million — a total natural gas revenue increase of $20 million (12.7%) in 2026 and an incremental $4 m
• $4 million — lion (12.7%) in 2026 and an incremental $4 million (1.5%) in 2027, for a total of $24 mill
• $24 million — million (1.5%) in 2027, for a total of $24 million (14.2%) over the two-year period of 202
• $0.3 billion — se is based on natural gas rate base of $0.3 billion in 2026 and $0.4 billion in 2027. Both
• $0.4 billion — s rate base of $0.3 billion in 2026 and $0.4 billion in 2027. Both the electric and natural
• $115 million — ended an electric base rate increase of $115 million or 14.4% over the two-year period. The
• $21 m — ommended a natural gas rate increase of $21 million, or 12.3% over the two-year perio
• $7 million — Capital investment adjustment includes $7 million associated with two MISO Long Range Tra

Filing Documents

• xel-20250808.htm (8-K) — 47KB
• 0000072903-25-000227.txt ( ) — 205KB
• xel-20250808.xsd (EX-101.SCH) — 3KB
• xel-20250808_def.xml (EX-101.DEF) — 15KB
• xel-20250808_lab.xml (EX-101.LAB) — 27KB
• xel-20250808_pre.xml (EX-101.PRE) — 16KB
• xel-20250808_htm.xml (XML) — 5KB

01. Other Events

Item 8.01. Other Events Wisconsin Electric and Natural Gas Rate Request In March 2025, Northern States Power Company-Wisconsin (NSP-Wisconsin), a wholly owned subsidiary of Xcel Energy Inc., filed a request with the Public Service Commission of Wisconsin (PSCW) for a multi-year electric and natural gas rate increase. For the electric utility, NSP-Wisconsin requested a total electric revenue increase of $94 million (11.8%) in 2026 and an incremental $57 million (7.1%) in 2027, for a total of $151 million over the two-year period of 2026 and 2027. The electric rate increase is based on electric rate base of $2.9 billion in 2026 and $3.2 billion in 2027. For the natural gas utility, NSP-Wisconsin requested a total natural gas revenue increase of $20 million (12.7%) in 2026 and an incremental $4 million (1.5%) in 2027, for a total of $24 million (14.2%) over the two-year period of 2026 and 2027. The natural gas rate increase is based on natural gas rate base of $0.3 billion in 2026 and $0.4 billion in 2027. Both the electric and natural gas rate requests are based on forward-looking test years, with a 10.0% return on equity (ROE) and an equity ratio of 53.5%. On August 8, 2025, the PSCW Staff and intervenors filed their direct testimony. The PSCW Staff recommended an electric base rate increase of $115 million or 14.4% over the two-year period. The PSCW Staff additionally recommended a natural gas rate increase of $21 million, or 12.3% over the two-year period, all based on a ROE of 9.7% and an equity ratio of 53.5%. Intervenors mainly limited their comments on revenue requirements to ROE focusing the majority of their testimony on cost of service, rate design and other policy issues. The major components of the PSCW Staff recommendation are summarized below: (Millions of Dollars) Electric Natural Gas NSP-Wisconsin's filed two-year rate request $ 151 $ 24 PSCW Staff recommended adjustments: Capital investments (a) (15) (1) ROE adjustment (7) (1) O&M expens

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. August 11, 2025 Xcel Energy Inc. (a Minnesota corporation) Northern States Power Company (a Wisconsin corporation) /s/ BRIAN J. VAN ABEL Brian J. Van Abel Executive Vice President, Chief Financial Officer

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View this 8-K filing on SEC EDGAR