UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 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) Nov. 3, 2008
Xcel Energy Inc.
(Exact name of registrant as specified in its charter)
Minnesota |
| 001-3034 |
| 41-0448030 |
(State or other jurisdiction of incorporation) |
| (Commission File Number) |
| (IRS Employer Identification No.) |
414 Nicollet Mall Minneapolis, Minnesota |
| 55401 |
(Address of principal executive offices) |
| (Zip Code) |
Registrant’s telephone number, including area code 612-330-5500
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 (see General Instruction A.2. below):
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 8.01. Other Events.
On Nov. 3, 2008, Northern States Power Company (NSP-Minnesota), a Minnesota Corporation and wholly owned subsidiary of Xcel Energy Inc., filed a request with the Minnesota Public Utilities Commission (MPUC) for an overall increase in annual revenues of approximately $156.1 million, or an increase of 6.05 percent. The rate filing is based on a 2009 calendar year budget and includes a requested rate of return on equity of 11.00 percent, an electric net rate base of approximately $4.062 billion allocated to the Minnesota retail jurisdiction, and an equity ratio of 52.47 percent.
As part of this rate filing, NSP-Minnesota proposes to implement interim electric rates effective Jan. 2, 2009. The interim rate increase is proposed in the amount of approximately $155.1 million. The interim rates would remain in effect until the MPUC makes its final decision on the case. Final electric base rates will likely be put into place in late 2009.
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SIGNATURE
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.
| Xcel Energy Inc. | |
| (a Minnesota Corporation) | |
|
|
|
| By | /s/ Benjamin G.S. Fowke III |
|
| Benjamin G.S. Fowke III |
|
| Vice President and Chief Financial Officer |
Nov. 4, 2008
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