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XCEL ENERGY INC 8-K Report, Corporate Update (Apr 18, 2006)

Reports
Other Events·Exhibits & Filings
Filing Date
Filed April 18, 2006
Period End
April 14, 2006
Securities
XELXELLL
In the record · 2016–202610-K1110-Q328-K247

XEL filed 11 annual reports (10-K), 32 quarterly reports (10-Q) and 247 current reports (8-K) between 2016 and 2026.

  1. FY2016 annual report10-K · Feb ’17Feb ’17
  2. Material agreement8-K · Dec ’19Dec ’19
  3. Leadership change8-K · Mar ’22Mar ’22
  4. Leadership change8-K · Dec ’25Dec ’25

01—Abstract

Summary

Summary of the 8-K filed April 18, 2006. Cited figures are marked; the original filing is the authoritative source.

Xcel Energy Inc. (XEL) has filed a Form 8-K to report a significant proposed electricity rate increase in Colorado.

The company is seeking to raise rates by $210 milliona annually, effective January 1, 2007. This proposed increase is attributed to investments made in the Colorado system and the costs associated with purchased power contracts. This filing is important for investors as it signals a direct impact on the company's revenue and profitability from its Colorado operations.

The approval of this rate increase by the Colorado Public Utilities Commission is a key factor that could influence Xcel Energy's financial performance in the upcoming fiscal year. Investors should monitor the regulatory process closely, as potential adjustments to the proposed amount or implementation timeline could affect the company's earnings and outlook.

02—Key points

Key Highlights

  1. Xcel Energy proposed a $210 million increase in electricity rates in Colorado.
  2. The proposed rate increase is slated to take effect on January 1, 2007.
  3. The rationale for the rate hike includes investments in the Colorado system and purchased power contracts.
  4. The filing was made with the Colorado Public Utilities Commission on April 14, 2006.
  5. A news release dated April 14, 2006, provides additional details and is filed as an exhibit.
  6. The report was signed by Benjamin G.S. Fowke III, Vice President and Chief Financial Officer.

03—Questions

Frequently Asked Questions

  1. What is the main reason for Xcel Energy's proposed rate increase in Colorado?

    Xcel Energy is proposing the rate increase to recover costs associated with investments made in its Colorado system and to account for the expenses of purchased power contracts.

  2. When will the proposed rate increase take effect if approved?

    The proposed rate increase is scheduled to begin on January 1, 2007.

  3. What is the total amount of the proposed electricity rate increase?

    Xcel Energy is proposing an increase of $210 million annually in electricity rates for its Colorado customers.

  4. Who needs to approve this rate increase?

    The proposed rate increase needs to be approved by the Colorado Public Utilities Commission.

04—Continue

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