# EDGAR Filing Document

**Accession Number:** 0000092521
**File Stem:** 0000072903-25-000218
**Filing Date:** 2025-7
**Character Count:** 10797
**Document Hash:** 3a2ceffea51cd147d159fea3e1389636
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000072903-25-000218.hdr.sgml**: 20250718

**ACCESSION NUMBER**: 0000072903-25-000218

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 13

**CONFORMED PERIOD OF REPORT**: 20250717

**ITEM INFORMATION**: Other Events

**FILED AS OF DATE**: 20250718

**DATE AS OF CHANGE**: 20250717

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** XCEL ENERGY INC
- **CENTRAL INDEX KEY:** 0000072903
- **STANDARD INDUSTRIAL CLASSIFICATION:** ELECTRIC & OTHER SERVICES COMBINED [4931]
- **ORGANIZATION NAME:** 01 Energy & Transportation
- **EIN:** 410448030
- **STATE OF INCORPORATION:** MN
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-03034
- **FILM NUMBER:** 251131992

**BUSINESS ADDRESS:**
- **STREET 1:** 414 NICOLLET MALL
- **CITY:** MINNEAPOLIS
- **STATE:** MN
- **ZIP:** 55401
- **BUSINESS PHONE:** 6123305500

**MAIL ADDRESS:**
- **STREET 1:** 414 NICOLLET MALL
- **CITY:** MINNEAPOLIS
- **STATE:** MN
- **ZIP:** 55401

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** NORTHERN STATES POWER CO /MN/
- **DATE OF NAME CHANGE:** 19920703
**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** SOUTHWESTERN PUBLIC SERVICE CO
- **CENTRAL INDEX KEY:** 0000092521
- **STANDARD INDUSTRIAL CLASSIFICATION:** ELECTRIC & OTHER SERVICES COMBINED [4931]
- **ORGANIZATION NAME:** 01 Energy & Transportation
- **EIN:** 750575400
- **STATE OF INCORPORATION:** NM
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-03789
- **FILM NUMBER:** 251131993

**BUSINESS ADDRESS:**
- **STREET 1:** SPS TOWER
- **STREET 2:** TYLER AT SIXTH ST
- **CITY:** AMARILLO
- **STATE:** TX
- **ZIP:** 79101
- **BUSINESS PHONE:** 3035717511

**MAIL ADDRESS:**
- **STREET 1:** PO BOX 1261
- **CITY:** AMARILLO
- **STATE:** TX
- **ZIP:** 79170

?xml version='1.0' encoding='ASCII'? xel-20250717

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**FORM 8-K** 

**CURRENT REPORT**

**Pursuant to Section 13 or 15(d) of**

**the Securities Exchange Act of 1934**

Date of Report (Date of earliest event reported) July 17, 2025

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Commission File Number** | **Exact Name of Registrant as Specified in its Charter; State of Incorporation; Address of Principal Executive Offices; and Telephone Number** | **Exact Name of Registrant as Specified in its Charter; State of Incorporation; Address of Principal Executive Offices; and Telephone Number** | **Exact Name of Registrant as Specified in its Charter; State of Incorporation; Address of Principal Executive Offices; and Telephone Number** | **Exact Name of Registrant as Specified in its Charter; State of Incorporation; Address of Principal Executive Offices; and Telephone Number** | **IRS Employer Identification Number** |
| 001-3034 | XCEL ENERGY INC. | XCEL ENERGY INC. | XCEL ENERGY INC. | XCEL ENERGY INC. | 41-0448030 |
|  | (a Minnesota corporation) | (a Minnesota corporation) | (a Minnesota corporation) | (a Minnesota corporation) |  |
|  | 414 Nicollet Mall | 414 Nicollet Mall | 414 Nicollet Mall | 414 Nicollet Mall |  |
|  | Minneapolis, | Minnesota | Minnesota | 55401 |  |
|  | (612) | (612) | 330-5500 | 330-5500 |  |
| 001-03789 | SOUTHWESTERN PUBLIC SERVICE COMPANY | SOUTHWESTERN PUBLIC SERVICE COMPANY | SOUTHWESTERN PUBLIC SERVICE COMPANY | SOUTHWESTERN PUBLIC SERVICE COMPANY | 75-0575400 |
|  | (a New Mexico corporation) | (a New Mexico corporation) | (a New Mexico corporation) | (a New Mexico corporation) |  |
|  | 790 South Buchanan Street | 790 South Buchanan Street | 790 South Buchanan Street | 790 South Buchanan Street |  |
|  | Amarillo, | Texas | Texas | 79101 |  |
|  | (303) | (303) | 571-7511 | 571-7511 |  |

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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

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| | | |
|:---|:---|:---|
| **Title of each class** | **Trading Symbol** | **Name of each exchange on which registered** |
| Common Stock, $2.50 par value per share | XEL | Nasdaq Stock Market LLC |

---

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ⬜

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<u>Item 8.01. Other Events</u>

*SPS Resource Plan (IRP)* — In October 2023, Southwestern Public Service Company (SPS), a New Mexico corporation and a wholly owned subsidiary of Xcel Energy, Inc., filed its IRP with the New Mexico Public Regulation Commission (NMPRC) which supports projected load growth and increasing reliability requirements, and secures replacement energy and capacity for retiring resources. SPS' projected resource needs range from approximately 5,300 MW to 10,200 MW of nameplate capacity by 2030. In February 2024, the NMPRC accepted the IRP.

In July 2024, SPS issued a Request for Proposal (RFP), seeking approximately 3,200 MW of accredited generation capacity by 2030. The total capacity to be added to the system is expected to align with the range identified in the SPS IRP, depending on the types of resources proposed in the RFP and their accredited capacity factors.

Bids from the RFP were received in January 2025. In July 2025, the portfolio selection report was publicly filed with the NMPRC with 3,121 MW of accredited capacity resources, including the following:

---

| | | | |
|:---|:---|:---|:---|
| **Generation Resource Nameplate Capacity (in MW)** | **Company Owned** | **Power Purchase Agreements** | **Total** |
| Wind Resources | 1273 |  | 1273 |
| Solar | 695 |  | 695 |
| Storage | 472 | 640 | 1112 |
| Natural Gas | 2088 |  | 2088 |
| Total | 4528 | 640 | 5168 |

---

SPS expects to make Certificate of Convenience and Necessity filings for the specific assets with the Public Utility Commission of Texas (PUCT) and NMPRC in the second half of 2025, with approvals expected in 2026.

SPS will issue a second RFP to solicit a minimum of 500 MW of accredited capacity through 2032 inclusive of additional renewable generation for New Mexico Renewable Portfolio Standard compliance.

------

Certain information discussed in this Current Report on Form 8-K is forward-looking information that involves risks, uncertainties and assumptions. Such forward-looking statements, including statements concerning projected resource need, plans to seek additional resources, and our expectations and intentions regarding the regulatory proceedings, as well as assumptions and other statements are intended to be identified in this document by the words "anticipate," "believe," "could," "estimate," "expect," "intend," "may," "objective," "outlook," "plan," "project," "possible," "potential," "should," "will," "would," and similar expressions. Actual results may vary materially. Forward-looking statements speak only as of the date they are made, and we expressly disclaim any obligation to update any forward-looking information. The following factors, in addition to those discussed in Xcel Energy's and SPS' Annual Report on Form 10-K for the fiscal year ended Dec. 31, 2024, and subsequent filings with the Securities and Exchange Commission, could cause actual results to differ materially from management expectations as suggested by such forward-looking information: operational safety, including our generation facilities and other utility operations; successful long-term operational planning; commodity risks associated with energy markets and production; rising energy prices and fuel costs; qualified employee workforce and third-party contractor factors; violations of our Codes of Conduct; our ability to recover costs; changes in regulation; reductions in our credit ratings and the cost of maintaining certain contractual relationships; general economic conditions, including recessionary conditions, inflation rates, monetary fluctuations, supply chain constraints and their impact on capital expenditures and/or the ability of SPS to obtain financing on favorable terms; availability or cost of capital; our customers' and counterparties' ability to pay their debts to us; assumptions and costs relating to funding our employee benefit plans and health care benefits; tax laws; uncertainty regarding epidemics; impacts on the transportation of goods and the generalized impact on the economy; effects of geopolitical events, including war and acts of terrorism; cyber security threats and data security breaches; seasonal weather patterns; changes in environmental laws and regulations; climate change and other weather events; natural disaster and resource depletion, including compliance with any accompanying legislative and regulatory changes; costs of potential regulatory penalties and wildfire damages in excess of liability insurance coverage; regulatory changes and/or limitations related to the use of natural gas as an energy source; challenging labor market conditions and our ability to attract and retain a qualified workforce; and our ability to execute on our strategies or achieve expectations related to environmental, social and governance matters including as a result of evolving legal, regulatory and other standards, processes, and assumptions, the pace of scientific and technological developments, increased costs, the availability of requisite financing, and changes in carbon markets.

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**SIGNATURES**

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

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| | | |
|:---|:---|:---|
| July 18, 2025 |  | **Xcel Energy Inc.** (a Minnesota corporation) |
|  |  | **Southwestern Public Service Company** (a New Mexico corporation) |
|  | By: | /s/ BRIAN J. VAN ABEL |
|  |  | Brian J. Van Abel |
|  |  | Executive Vice President, Chief Financial Officer |

---