Southwestern Public Service Co. Files 8-K for Other Event
| Field | Detail |
|---|---|
| Company | Southwestern Public Service Co |
| Form Type | 8-K |
| Filed Date | Nov 21, 2025 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 4 min |
| Key Dollar Amounts | $2.50, $175 million, $3.9 billion |
| Sentiment | neutral |
Sentiment: neutral
Topics: subsidiary-filing, debt-instrument, corporate-event
Related Tickers: XEL
TL;DR
SPS (Xcel Energy sub) filed an 8-K for an 'Other Event' on Nov 20, 2025. Details scarce, but notes/stock involved.
AI Summary
On November 20, 2025, Southwestern Public Service Company, a subsidiary of Xcel Energy Inc., filed an 8-K to report an "Other Event." The filing does not contain specific details about the event itself, but it lists associated financial instruments including common stock and "A6.25 Junior Subordinated Notes Due 2085."
Why It Matters
This filing indicates a significant corporate event for Southwestern Public Service Company, a subsidiary of Xcel Energy, which may impact investors and stakeholders.
Risk Assessment
Risk Level: medium — The filing is an 'Other Event' 8-K with limited details, making it difficult to assess the specific risks without further information.
Key Players & Entities
- Southwestern Public Service Company (company) — Filer and subsidiary
- Xcel Energy Inc. (company) — Parent company
- A6.25 Junior Subordinated Notes Due 2085 (dollar_amount) — Financial instrument mentioned
FAQ
What specific event is Southwestern Public Service Company reporting on November 20, 2025?
The filing is an 8-K for an 'Other Event' and does not specify the nature of the event.
What is the relationship between Southwestern Public Service Company and Xcel Energy Inc.?
Southwestern Public Service Company is a subsidiary of Xcel Energy Inc.
What financial instruments are mentioned in relation to this filing?
The filing mentions common stock and 'A6.25 Junior Subordinated Notes Due 2085'.
What is the Central Index Key for Southwestern Public Service Company?
The Central Index Key for Southwestern Public Service Company is 0000092521.
What is the filing date of this 8-K?
The filing was made as of November 21, 2025, reporting an event on November 20, 2025.
Filing Stats: 969 words · 4 min read · ~3 pages · Grade level 16.6 · Accepted 2025-11-20 18:45:31
Key Financial Figures
- $2.50 — ange on which registered Common Stock, $2.50 par value per share XEL Nasdaq Stock Ma
- $175 million — ing an increase in base rate revenue of $175 million (16.7%). The request is based on a futu
- $3.9 billion — ty ratio of 56% and retail rate base of $3.9 billion. The request reflects: Significant re
Filing Documents
- xel-20251120.htm (8-K) — 40KB
- 0000072903-25-000261.txt ( ) — 216KB
- xel-20251120.xsd (EX-101.SCH) — 3KB
- xel-20251120_def.xml (EX-101.DEF) — 17KB
- xel-20251120_lab.xml (EX-101.LAB) — 31KB
- xel-20251120_pre.xml (EX-101.PRE) — 18KB
- xel-20251120_htm.xml (XML) — 6KB
01. Other Events
Item 8.01. Other Events On Nov. 20, 2025, Southwestern Public Service Company (SPS), a New Mexico corporation, and a wholly owned subsidiary of Xcel Energy Inc., filed an electric rate case with the New Mexico Public Regulation Commission (NMPRC) seeking an increase in base rate revenue of $175 million (16.7%). The request is based on a future test year period ending November 30, 2027, a return on equity (ROE) of 10.5%, an equity ratio of 56% and retail rate base of $3.9 billion. The request reflects: Significant retail revenue growth. Continued capital investment primarily to support the clean energy transition and load growth. Planned roll-off of 100 megawatts (MW) of wholesale load in 2026. SPS' base rate request (millions of dollars): Retail revenue growth $ (204) Increase in allocation of assets and costs to New Mexico retail, including impact of wholesale load roll-off 148 Capital investment 133 O&M expenses 36 Depreciation rate changes and amortization 34 Increase in requested ROE 28 Total rate request $ 175 A NMPRC decision and implementation of final rates is anticipated in the fourth quarter of 2026. Except for the historical statements contained in this report, the matters discussed herein are forward-looking statements that are subject to certain risks, uncertainties and assumptions. Such forward-looking statements, including those relating to expected rate increases to customers and expectations regarding the 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-looki
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. November 21, 2025 Xcel Energy Inc. (a Minnesota corporation) Southwestern Public Service Company (a New Mexico corporation) By: /s/ BRIAN J. VAN ABEL Brian J. Van Abel Executive Vice President, Chief Financial Officer