Xcel Energy Subsidiary Files 8-K
| Field | Detail |
|---|---|
| Company | Public Service Co Of Colorado |
| Form Type | 8-K |
| Filed Date | Sep 24, 2025 |
| Risk Level | low |
| Pages | 4 |
| Reading Time | 4 min |
| Key Dollar Amounts | $2.50, $640 million, $350 million, $290 million, $3.75 |
| Sentiment | neutral |
Sentiment: neutral
Topics: reporting, subsidiary
TL;DR
Xcel Energy subsidiary Public Service Co. of Colorado filed an 8-K. Routine reporting.
AI Summary
On September 23, 2025, Public Service Company of Colorado, a subsidiary of Xcel Energy Inc., filed an 8-K report. The filing primarily concerns other events and financial statements and exhibits, with no specific material events detailed in the provided text.
Why It Matters
This filing indicates routine corporate activity and reporting for Public Service Company of Colorado, a key operating subsidiary of Xcel Energy.
Risk Assessment
Risk Level: low — The filing appears to be routine and does not disclose any significant new risks or material adverse events.
Key Players & Entities
- XCEL ENERGY INC (company) — Parent company
- PUBLIC SERVICE CO OF COLORADO (company) — Filing subsidiary
- 0000072903 (company) — Central Index Key for Xcel Energy Inc.
- 0000081018 (company) — Central Index Key for Public Service Co. of Colorado
- 20250923 (date) — Report date
FAQ
What is the primary purpose of this 8-K filing for Public Service Company of Colorado?
The filing is for 'Other Events' and 'Financial Statements and Exhibits', indicating routine corporate reporting.
Who is the parent company of Public Service Company of Colorado?
Xcel Energy Inc. is the parent company, as indicated by the Central Index Key and company data.
On what date was this 8-K report filed?
The filing was made on September 24, 2025, with the report period ending on September 23, 2025.
What is the Standard Industrial Classification for Public Service Company of Colorado?
The SIC code is 4931, which corresponds to Electric & Other Services Combined.
Does the filing mention any specific new business initiatives or financial results?
The provided text does not detail any specific new business initiatives or financial results, suggesting a routine filing.
Filing Stats: 1,114 words · 4 min read · ~4 pages · Grade level 15.8 · Accepted 2025-09-24 14:10:28
Key Financial Figures
- $2.50 — ange on which registered Common Stock, $2.50 par value per share XEL Nasdaq Stock Ma
- $640 million — iffs. PSCo expects to pay approximately $640 million related to these settlements, with appr
- $350 million — o these settlements, with approximately $350 million funded by remaining insurance coverage
- $290 million — o expects to recognize an approximately $290 million charge to earnings as a result of these
- $3.75 — ng earnings per share (EPS) guidance of $3.75 to $3.85 per share. (a) (a) Ongoing e
- $3.85 — gs per share (EPS) guidance of $3.75 to $3.85 per share. (a) (a) Ongoing earnings a
Filing Documents
- xel-20250923.htm (8-K) — 36KB
- ex-9901marshallpressrelease.htm (EX-99.01) — 14KB
- imagea.jpg (GRAPHIC) — 13KB
- 0000072903-25-000242.txt ( ) — 227KB
- xel-20250923.xsd (EX-101.SCH) — 2KB
- xel-20250923_def.xml (EX-101.DEF) — 14KB
- xel-20250923_lab.xml (EX-101.LAB) — 26KB
- xel-20250923_pre.xml (EX-101.PRE) — 15KB
- xel-20250923_htm.xml (XML) — 4KB
01. Other Events
Item 8.01. Other Events Marshall Wildfire Litigation As previously disclosed, multiple complaints were filed against Public Service Company of Colorado (PSCo) and Xcel Energy Services Inc. (both wholly owned subsidiaries of Xcel Energy Inc. and, together, Xcel Energy) related to the Marshall Fire, which ignited in Boulder County, Colorado in December 2021. On September 23, 2025, Xcel Energy, Qwest Corporation and Teleport Communications America, LLC reached settlement agreements in principle that resolve all claims asserted by the subrogation insurers, the public entity plaintiffs and individual plaintiffs. PSCo expects to pay approximately $640 million related to these settlements, with approximately $350 million funded by remaining insurance coverage (after consideration of legal costs incurred to date). PSCo expects to recognize an approximately $290 million charge to earnings as a result of these settlement agreements in the quarterly period ending September 30, 2025. Given the non-recurring nature of this charge, this will be an adjustment to net income in determining ongoing earnings for 2025. (a) The agreements in principle remain subject to final documentation and individual plaintiffs opting in to the agreements negotiated and recommended by their counsel. Consistent with previous disclosures, PSCo disputes that its power lines caused the Marshall Fire. PSCo did not admit any fault, wrongdoing or negligence in connection with these settlement agreements. Xcel Energy Inc. reaffirms its 2025 ongoing earnings per share (EPS) guidance of $3.75 to $3.85 per share. (a) (a) Ongoing earnings and ongoing EPS are non-GAAP financial measures. Ongoing earnings is calculated using net income and adjusting for certain non-recurring or infrequent items that are, in management's view, not reflective of ongoing operations. Ongoing earnings could differ from those prepared in accordance with GAAP for unplanned and/or unknown adjustments. As Xcel Energy Inc. is unable
Forward-Looking Statements
Forward-Looking Statements 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 expectations regarding litigation settlement payment amount, 2025 ongoing earnings guidance, 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 PSCo's Annual Report on Form 10-K for the fiscal year ended Dec. 31, 2024, 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; successful long-term operational planning; commodity risks associated with energy markets and production; rising energy prices and fuel costs; qualified employee workforce and third-party contractor factors; violations of our Codes of Conduct; our ability to recover costs; changes in regulation; reductions in our credit ratings and the cost of maintaining certain contractual relationships; general economic conditions, including recessionary conditions, inflation rates, monetary fluctuations, supply chain constraints and their impact on capital expenditures and/or the ability of PSCo to obtain financing on favorable terms; availability or cost of capital; our customers' and counterparties' ability to pay their debts to us; assumptions and costs relating to funding our employee benefit plans and health care benefits; tax laws; uncertainty regarding epidemics,
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits (d) Exhibits Exhibit Description 99.01 Press Release dated September 24, 2025 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
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. Sept. 24, 2025 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