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Form 8-K · Current Report · Filed 2025-04-01

Northern States Power-Wisconsin Requests Rate Increase

On March 31, 2025, Northern States Power Company-Wisconsin, a subsidiary of Xcel Energy Inc., filed a rate increase request with the Public Service Commission of Wisconsin for both electric and natural gas services.

Filer
Xcel Energy Inc. XEL · NASDAQ
Filed
Accession
0000072903-25-000070
CIK
0000072903
Signal
High impactUtilities

Details

The request seeks a total of $151 million in electric revenue increases and $24 million in natural gas revenue increases over 2026 and 2027. The rate increase is primarily driven by investments in enhancing reliability and resiliency, as well as incorporating benefits from clean energy generation and tax credits. A decision by the PSCW is anticipated in Q4 2025.

Items reported

Item 8.01

Other Events

Regulatory Investigation

Market reaction

Close before filing

$70.79

Next session

+0.2%

Since filing

+10.5%

Latest close

$78.20

What happened, not what will happen — closing prices around the filing date.

Precedent

Previous filings from XEL reporting the same item, with the next session's move:

About Xcel Energy Inc.

Xcel Energy Inc. is a prominent utility company engaged in the generation, transmission, and distribution of electricity and natural gas. Primarily serving customers across eight states in the U.S., including the regions of the Midwest and Rocky Mountain areas, Xcel Energy plays a vital role in supplying energy to millions of residential, commercial, and industrial consumers. With a focus on sustainability and renewable energy, the company is actively expanding its renewable energy portfolio, investing in wind and solar power projects to reduce carbon emissions and promote cleaner energy solutions. Xcel Energy's operations are crucial for powering essential infrastructure and supporting economic activity in its service areas, making it a key player in the energy sector. Its commitment to innovation in energy production and distribution not only meets current demand but also gears towards future energy challenges in an evolving market landscape.

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