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Xcel Energy logoXcel Energy XEL

The company said that on June 27, 2024, its subsidiary Public Service Company of Colorado (PSCo) filed an Updated Wildfire Mitigation Plan with the Colorado Public Utilities Commission, along with a request for cost recovery covering 2025 to 2027. The estimated total cost of the plan is approximately $1.9 billion.

8-KOther EventsFiled Period of report Summary published (UTC)

Key points

AI summary
  1. The company said that on June 27, 2024, its subsidiary Public Service Company of Colorado (PSCo) filed an Updated Wildfire Mitigation Plan with the Colorado Public Utilities Commission, along with a request for cost recovery covering 2025 to 2027. The estimated total cost of the plan is approximately $1.9 billion.

  2. The company estimated total spending for the proposed plan, covering capital investments and O&M expenses, at $1,855 million for 2025 to 2027. By year, it estimated $513 million for 2025, $584 million for 2026 and $758 million for 2027.

  3. The company estimated total capital investments for 2025 to 2027 at $1,602 million. Of that, System resiliency accounts for $1,344 million, Operational mitigations for $207 million and Situational awareness for $51 million.

  4. The company said it estimated total O&M expenses for 2025 to 2027 at $253 million, including $190 million for System resiliency. It said a CPUC decision is expected in early 2025.

Summary

AI-written

Analysis scope · Filing bodyWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

Updated Wildfire Mitigation Plan filed with total cost of about $1.9 billion

The company said that on June 27, 2024, its subsidiary Public Service Company of Colorado (PSCo) filed an Updated Wildfire Mitigation Plan with the Colorado Public Utilities Commission, along with a request for cost recovery covering 2025 to 2027. The estimated total cost of the plan is approximately $1.9 billion.

Source · Based on the filing body and exhibits

Estimated Total Spending for 2025 to 2027 at $1,855 million

The company estimated total spending for the proposed plan, covering capital investments and O&M expenses, at $1,855 million for 2025 to 2027. By year, it estimated $513 million for 2025, $584 million for 2026 and $758 million for 2027.

Source · Based on the filing body and exhibits

Total Capital Investments at $1,602 million, System Resiliency at $1,344 million

The company estimated total capital investments for 2025 to 2027 at $1,602 million. Of that, System resiliency accounts for $1,344 million, Operational mitigations for $207 million and Situational awareness for $51 million.

Source · Based on the filing body and exhibits

Total O&M Expenses at $253 million and CPUC Decision Timing

The company said it estimated total O&M expenses for 2025 to 2027 at $253 million, including $190 million for System resiliency. It said a CPUC decision is expected in early 2025.

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

Source: SEC EDGAR (U.S. Securities and Exchange Commission). Item captions are the SEC's. The summary is for reference only and is not investment advice.