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Xcel subsidiary SPS seeks $168 million New Mexico rate increase

PUBT·05/05/2026 20:46:27
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Xcel subsidiary SPS seeks $168 million New Mexico rate increase
  • Xcel Energy unit Southwestern Public Service filed New Mexico electric rate case seeking USD 168 million revenue increase, based on future test year ending Nov. 30, 2027.
  • Intervenor testimony filed May 1 showed sharply lower revenue outcomes, with NMPRC Staff modeling USD 48 million increase.
  • Other proposals implied USD 105 million increase from New Mexico Department of Justice, USD 28 million from New Mexico Large Customer Group, USD 113 million from Louisiana Energy Services and Federal Executive Agencies.
  • Recommended ROE ranged from 8.1% to 9.75% versus requested 10.5%, with lower equity ratios also proposed by several parties.
  • Final NMPRC decision expected in Q4 2026, with rate suspension ending Nov. 30, 2026.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Xcel Energy Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0000072903-26-000075), on May 05, 2026, and is solely responsible for the information contained therein.