Rate Matters Rate Matters (Tables)

3 Months Ended

Mar. 31, 2014

Public Utilities, General Disclosures [Abstract]

SPS' Texas 2014 Electric Rate Case

In April 2014, SPS revised its requested rate increase to approximately $48.1 million, or 5.3 percent, based on updated information. The following table summarizes SPS’ revised request:

(Millions of Dollars)	SPS Request
Adjusted base rate increase	$	76.9
Resetting TCRF	(12.9		)
Credit to customers for gain on sale to Lubbock moved to a rider	(4.9		)
Adjusted net increase in base revenue	59.1
Fuel clause offsets	(11.0		)
Adjusted retail customer net bill impact	$	48.1

SPS' New Mexico 2014 Electric Rate Case

The following table summarizes the NMPRC’s approval from SPS’ revised request:

(Millions of Dollars)	NMPRC Approval
SPS revised request, September 2013	$	32.5
Fuel clause adjustment credit — non-renewable energy costs	2.3
SPS revised request, fuel adjusted	34.8
ROE (9.96 percent)	(1.2		)
Rate rider adjustment — renewable energy costs	6.0
Base rate reduction for rate rider — renewable energy costs	(6.0		)
Other, net	(0.5		)
Approved increase, March 2014	$	33.1
Means of recovery:
Base revenue	$	12.7
Rider revenue	18.1
Fuel clause	2.3
	$	33.1