AI English summary of an SEC filing — figures as filed
Xcel Energy XELThe company said NSP-Wisconsin filed a request with the Public Service Commission of Wisconsin in March 2025 for a total electric revenue increase of $94 million (11.8%) in 2026 and an incremental $57 million (7.1%) in 2027, for a total of $151 million over 2 years.
Key points
AI summaryThe company said NSP-Wisconsin filed a request with the Public Service Commission of Wisconsin in March 2025 for a total electric revenue increase of $94 million (11.8%) in 2026 and an incremental $57 million (7.1%) in 2027, for a total of $151 million over 2 years.
NSP-Wisconsin requested a natural gas revenue increase of $20 million (12.7%) in 2026 and an incremental $4 million (1.5%) in 2027, for a total of $24 million (14.2%) over 2 years, the company said, based on a 10.0% return on equity and a 53.5% equity ratio for both its electric and natural gas requests.
The company said that on August 8, 2025, PSCW Staff recommended an electric base rate increase of $115 million (14.4%) over 2 years and a natural gas increase of $21 million (12.3%), based on a 9.7% return on equity and a 53.5% equity ratio. The electric adjustments include capital investments of $(15) million and an ROE adjustment of $(7) million.
The company said the rebuttal testimony is due August 28, 2025 and the hearing is set for September 16, and it expects a PSCW decision in late Q4 2025. The company also explained that the Staff capital investment adjustment includes $7 million tied to two MISO LRTP projects, and it expects approval of those two projects in Q4.
Summary
AI-writtenAnalysis 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.
NSP-Wisconsin Electric Rate Increase Request Size
The company said NSP-Wisconsin filed a request with the Public Service Commission of Wisconsin in March 2025 for a total electric revenue increase of $94 million (11.8%) in 2026 and an incremental $57 million (7.1%) in 2027, for a total of $151 million over 2 years.
Source · Based on the filing body and exhibits
Natural Gas Rate Increase Request and Terms
NSP-Wisconsin requested a natural gas revenue increase of $20 million (12.7%) in 2026 and an incremental $4 million (1.5%) in 2027, for a total of $24 million (14.2%) over 2 years, the company said, based on a 10.0% return on equity and a 53.5% equity ratio for both its electric and natural gas requests.
Source · Based on the filing body and exhibits
PSCW Staff Recommendation and Adjustments
The company said that on August 8, 2025, PSCW Staff recommended an electric base rate increase of $115 million (14.4%) over 2 years and a natural gas increase of $21 million (12.3%), based on a 9.7% return on equity and a 53.5% equity ratio. The electric adjustments include capital investments of $(15) million and an ROE adjustment of $(7) million.
Source · Based on the filing body and exhibits
Procedural Schedule and Decision Timing
The company said the rebuttal testimony is due August 28, 2025 and the hearing is set for September 16, and it expects a PSCW decision in late Q4 2025. The company also explained that the Staff capital investment adjustment includes $7 million tied to two MISO LRTP projects, and it expects approval of those two projects in Q4.
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.
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