Skip to content
AnalystLens

XCEL ENERGY INC 8-K Report, Corporate Update (Nov 18, 2009)

Reports
Other Events
Filing Date
Filed November 18, 2009
Period End
November 12, 2009
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 November 18, 2009. Cited figures are marked; the original filing is the authoritative source.

Xcel Energy Inc.'s subsidiary, Northern States Power Company (NSP-Minnesota), has filed a request to increase Minnesota gas rates.

This filing, dated November 12, 2009, seeks an aggregate increase of $16.2 milliona for 2010, representing a 2.8% rise in customer bills. The request is based on a proposed return on equity of 11%, an equity ratio of 52.46%, and a rate base of $441 million. In addition to the 2010 request, NSP-Minnesota is seeking a further $3.45 million increase effective January 1, 2011, to cover pension funding costs mandated by federal law.

Interim rates amounting to $11.1 millionb are anticipated to be implemented on January 11, 2010, with a final decision on the rate case expected in the fall of 2010. Investors should note the forward-looking nature of these statements and the associated risks, including economic conditions, regulatory actions, and competitive factors.

02—Key points

Key Highlights

  1. NSP-Minnesota, a subsidiary of Xcel Energy, filed to increase Minnesota gas rates by $16.2 million for 2010.
  2. This proposed increase equates to an overall customer bill hike of 2.8%.
  3. The filing is based on a requested return on equity of 11%, an equity ratio of 52.46%, and a rate base of $441 million.
  4. An additional $3.45 million increase is requested for January 1, 2011, to recover pension funding costs.
  5. Interim rates of $11.1 million are expected to be effective January 11, 2010.
  6. A final decision on the rate case is anticipated in the fall of 2010.

03—Questions

Frequently Asked Questions

  1. What is the primary reason for this 8-K filing?

    The primary reason for this filing is that Xcel Energy's subsidiary, Northern States Power Company (NSP-Minnesota), has submitted a request to increase its natural gas rates in Minnesota for 2010 and also for pension funding costs in 2011.

  2. How much will gas rates potentially increase for customers?

    NSP-Minnesota is requesting a $16.2 million increase for 2010, which translates to an approximate 2.8% overall increase in customer bills. Additionally, there's a proposed $3.45 million increase for 2011 related to pension costs.

  3. When can customers expect these new rates to take effect?

    Interim rates totaling $11.1 million are expected to go into effect on January 11, 2010. A final decision on the full rate increase request is anticipated in the fall of 2010.

  4. What are the key financial assumptions supporting the rate increase request?

    The request is based on a proposed return on equity of 11%, an equity ratio of 52.46%, and a rate base of $441 million.

04—Continue

← View all 8-K filings