Northern States Power Co. Files 8-K Report
| Field | Detail |
|---|---|
| Company | Northern States Power Co |
| Form Type | 8-K |
| Filed Date | Aug 25, 2025 |
| Risk Level | low |
| Pages | 4 |
| Reading Time | 5 min |
| Key Dollar Amounts | $2.50, $491 million, $13.2 billion, $14 billion, $224 million |
| Sentiment | neutral |
Sentiment: neutral
Topics: regulatory-filing, subsidiary-disclosure
Related Tickers: XEL
TL;DR
NSP (Xcel Energy subsidiary) filed an 8-K on 8/22. No major news yet.
AI Summary
On August 22, 2025, Northern States Power Company, a subsidiary of Xcel Energy Inc., filed an 8-K report. The filing pertains to "Other Events" and was submitted on August 25, 2025. No specific financial transactions or material events are detailed in the provided excerpt.
Why It Matters
This filing indicates a regulatory update or disclosure from Northern States Power Co., a subsidiary of Xcel Energy, which may contain information relevant to investors and stakeholders.
Risk Assessment
Risk Level: low — The provided text is a standard SEC filing notification and does not contain information that suggests immediate financial risk.
Key Players & Entities
- NORTHERN STATES POWER CO (company) — Filer and former company name
- XCEL ENERGY INC (company) — Filer and parent company
- 0000072903-25-000233 (document_id) — Accession Number
- 20250825 (date) — Filing Date
- 20250822 (date) — Period of Report
FAQ
What is the primary purpose of this 8-K filing?
The filing is categorized under "Other Events" and serves as a current report filed by Northern States Power Company, a subsidiary of Xcel Energy Inc.
Who is the parent company of Northern States Power Co. mentioned in this filing?
Xcel Energy Inc. is identified as the parent company of Northern States Power Co.
On what date was this 8-K report filed with the SEC?
The 8-K report was filed on August 25, 2025.
What is the Central Index Key (CIK) for Xcel Energy Inc. according to this filing?
The Central Index Key (CIK) for Xcel Energy Inc. is 0000072903.
What was the former name of Xcel Energy Inc. that is also listed?
The former name of Xcel Energy Inc. listed is NORTHERN STATES POWER CO /MN/.
Filing Stats: 1,175 words · 5 min read · ~4 pages · Grade level 15.8 · Accepted 2025-08-25 14:36:36
Key Financial Figures
- $2.50 — ange on which registered Common Stock, $2.50 par value per share XEL Nasdaq Stock Ma
- $491 million — ta, seeking a total revenue increase of $491 million (13.2%) over two years, based on a retu
- $13.2 billion — , a 52.5% equity ratio and rate base of $13.2 billion in 2025 and $14 billion in 2026. NSP-Mi
- $14 billion — rate base of $13.2 billion in 2025 and $14 billion in 2026. NSP-Minnesota also requested i
- $224 million — nnesota also requested interim rates of $224 million for 2025. In December 2024, the Minneso
- $192 m — ate case) and approved interim rates of $192 million, effective January 1, 2025. In M
- $473 million — , updating its total revenue request to $473 million. On August 22, 2025, eight parties fil
- $190 million — financial adjustments. XLI recommended $190 million in proposed adjustments, based on a red
Filing Documents
- xel-20250822.htm (8-K) — 62KB
- 0000072903-25-000233.txt ( ) — 215KB
- xel-20250822.xsd (EX-101.SCH) — 2KB
- xel-20250822_def.xml (EX-101.DEF) — 14KB
- xel-20250822_lab.xml (EX-101.LAB) — 26KB
- xel-20250822_pre.xml (EX-101.PRE) — 15KB
- xel-20250822_htm.xml (XML) — 4KB
01. Other Events
Item 8.01. Other Events 2024 Minnesota Electric Rate Case In November 2024, Northern States Power Company, a Minnesota corporation ( NSP-Minnesota), and a wholly owned subsidiary of Xcel Energy Inc. filed an electric rate case in Minnesota, seeking a total revenue increase of $491 million (13.2%) over two years, based on a return on equity (ROE) of 10.3%, a 52.5% equity ratio and rate base of $13.2 billion in 2025 and $14 billion in 2026. NSP-Minnesota also requested interim rates of $224 million for 2025. In December 2024, the Minnesota Public Utilities Commission (MPUC) reduced the interim rate request for wildfire mitigation costs (as these costs were deemed as new costs not previously approved in a rate case) and approved interim rates of $192 million, effective January 1, 2025. In March 2025, NSP-Minnesota filed supplemental direct testimony, updating its total revenue request to $473 million. On August 22, 2025, eight parties filed testimony. The Minnesota Department of Commerce (DOC), Office of Attorney General (OAG), Xcel Large Industrial Customers (XLI), the Citizens Utility Board of Minnesota (CUB), Walmart and Joint Intervenors were the only parties to quantify recommended financial adjustments. XLI recommended $190 million in proposed adjustments, based on a reduced ROE and a reduction in certain O&M expenses. CUB recommended proposed adjustments based on a reduced ROE and elimination of reconnection and late fee revenues. Walmart recommended an adjustment based on a reduced ROE. Other parties provided issue specific recommendations. Proposed DOC modifications to NSP-Minnesota's request are summarized below: (Millions of Dollars) 2025 2026 NSP-Minnesota's filed base revenue request $ 344 $ 473 Recommended adjustments: Rate of return (101) (107) O&M expenses (62) (56) Generation capacity revenue (a) (39) (40) Depreciation (29) (32) Federal production tax credits (a) (22) (10) Riverside Generating Plant outage (b) (18) (13) Prepaid pens
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 25, 2025 Xcel Energy Inc. (a Minnesota corporation) Northern States Power Company (a Minnesota corporation) By: /s/ BRIAN J. VAN ABEL Brian J. Van Abel Executive Vice President, Chief Financial Officer