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Xcel Energy (XEL) filed an 8-K current report with the SEC on May 11, 2026 reporting Item 8.01 (Other Events). Proposed Minnesota gas revenue increase reduced to $38 million from requested $62 million.
Xcel Energy 8-K event analysis
AI summary of each reported item and its exhibits
Item 8.01 · Other Events
- Proposed Minnesota gas revenue increase reduced to $38 million from requested $62 million
- Settlement lifts weighted average cost of capital to 7.21% from 7.16%, modestly improving allowed returns
- Interim rates of $51 million remain effective from January 1, 2026, pending final MPUC approval
- Evidentiary hearing scheduled May 11-12, 2026; MPUC decision expected November 2026
- Non-unanimous settlement remains subject to regulatory approval, creating timing and outcome uncertainty for NSP-Minnesota.tagext
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