FALSEXCEL ENERGY INC0000072903MNPUBLIC SERVICE CO OF COLORADO0000081018CO00000729032024-01-292024-01-290000072903xel:PublicServiceCompanyOfColoradoMember2024-01-292024-01-29




UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) January 29, 2024
Commission File NumberExact Name of Registrant as Specified in its Charter; State of Incorporation; Address of Principal Executive Offices; and Telephone NumberIRS Employer Identification Number
001-3034XCEL ENERGY INC.41-0448030
(a Minnesota corporation)
414 Nicollet Mall
MinneapolisMinnesota55401
(612)330-5500
001-3280PUBLIC SERVICE COMPANY OF COLORADO84-0296600
(a Colorado corporation)
1800 Larimer Street Suite 1100
DenverColorado80202
(303)571-7511

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:
Title of each classTrading SymbolName of each exchange on which registered
Common Stock, $2.50 par value per shareXELNasdaq Stock Market LLC
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).
Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. £




Item 8.01. Other Events
Colorado Natural Gas Rate Request
On Jan. 29, 2024, Public Service Company of Colorado (PSCo), a wholly owned subsidiary of Xcel Energy Inc., filed a request with the Colorado Public Utilities Commission (CPUC) seeking an increase to retail natural gas rates of $171 million, or an approximately 9.5% increase in the average residential customer bill. The request is based on a 2023 test year, a 10.25% Return on Equity (ROE), an equity ratio of 55% and a $4.2 billion retail rate base which includes projected capital additions through Dec. 31, 2023. PSCo has requested a proposed effective date of Nov. 1, 2024.
PSCo has proposed to defer collection of the increased rates until Feb. 15, 2025 (following the expiration of the rider to recover Winter Storm Uri costs) to mitigate customer bill impacts, with revenues for the deferred period collected over a 12-month period beginning on that date.
The request supports fundamental infrastructure investments to serve customers, consistent with PSCo’s obligation to provide safe, reliable service while enabling PSCo to continue to be a leader of the clean energy transition in partnership with the CPUC to achieve clean heat goals.
Revenue Request (millions of dollars)
Changes since 2022 rate case:
Plant related investments (a)
$145 
Operations and maintenance, amortization and other expenses23 
Property tax expense10 
Sales growth(7)
Total base revenue request$171 
(a) Includes approximately $32 million as a result of the increase in ROE from 9.2% to 10.25%.






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.

January 29, 2024
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


v3.24.0.1
Cover Page
Jan. 29, 2024
Document Information [Line Items]  
Amendment Flag false
Entity Registrant Name XCEL ENERGY INC
Entity Central Index Key 0000072903
Entity Incorporation, State or Country Code MN
Document Type 8-K
Document Period End Date Jan. 29, 2024
Entity File Number 001-3034
Entity Tax Identification Number 41-0448030
Entity Address, Address Line One 414 Nicollet Mall
Entity Address, City or Town Minneapolis
Entity Address, State or Province MN
Entity Address, Postal Zip Code 55401
City Area Code (612)
Local Phone Number 330-5500
Written Communications false
Soliciting Material false
Pre-commencement Tender Offer false
Pre-commencement Issuer Tender Offer false
Title of 12(b) Security Common Stock, $2.50 par value per share
Trading Symbol XEL
Security Exchange Name NASDAQ
Entity Emerging Growth Company false
Public Service Company of Colorado  
Document Information [Line Items]  
Entity Registrant Name PUBLIC SERVICE CO OF COLORADO
Entity Central Index Key 0000081018
Entity Incorporation, State or Country Code CO
Entity File Number 001-3280
Entity Tax Identification Number 84-0296600
Entity Address, Address Line One 1800 Larimer Street Suite 1100
Entity Address, City or Town Denver
Entity Address, State or Province CO
Entity Address, Postal Zip Code 80202
City Area Code (303)
Local Phone Number 571-7511
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