-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, Aw0fQWZXmh7kym82eAmNV/03QGf2XFrkVDh7slYBWCwsdxuQteeHyAr+KfO3I6RH tAcS0LgENSJ8m5tdKy8FzA== 0001104659-08-018115.txt : 20080318 0001104659-08-018115.hdr.sgml : 20080318 20080317174819 ACCESSION NUMBER: 0001104659-08-018115 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20080306 ITEM INFORMATION: Other Events FILED AS OF DATE: 20080318 DATE AS OF CHANGE: 20080317 FILER: COMPANY DATA: COMPANY CONFORMED NAME: SOUTHWESTERN PUBLIC SERVICE CO CENTRAL INDEX KEY: 0000092521 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC & OTHER SERVICES COMBINED [4931] IRS NUMBER: 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: 08694320 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 8-K 1 a08-8365_18k.htm 8-K

 

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) March 6, 2008

 

Southwestern Public Service Company

(Exact name of registrant as specified in its charter)

 

New Mexico

(State or other jurisdiction of incorporation)

 

001-03789

 

75-0575400

(Commission File Number)

 

(IRS Employer Identification No.)

 

 

 

Tyler at Sixth, Amarillo, Texas

 

79101

(Address of principal executive offices)

 

(Zip Code)

 

Registrant’s telephone number, including area code 303-571-7511

 

(Former name or former address, if changed since last report)

 

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

 

In July 2007, Southwestern Public Service Company (SPS) filed with the New Mexico Public Regulation Commission (NMPRC) requesting a New Mexico retail electric general rate increase of $17.3 million annually, or a 6.6 percent increase. The rate filing is based on a 2006 calendar year base period adjusted for known and measurable changes and includes a requested rate of return on equity (ROE) of 11.0 percent, an electric rate base of approximately $307.3 million and an equity ratio of 51.2 percent.

 

On March 6, 2008, intervenor and NMPRC testimony was filed in the SPS New Mexico retail electric general rate case.

·                  NMPRC staff is recommending an increase of approximately $8 million based on a 9.1 percent ROE, and disallowance of prepaid pension from rate base.  NMPRC has proposed that SPS did not meet its burden of proof at this time related to the future Lea Power Partner purchased capacity project and that the proposed purchased capacity cost recovery rider was not an appropriate vehicle to recover future purchased capacity costs and that SPS should file for recovery of the project costs in its next general rate case.

·                  The Attorney General is recommending a $2 million rate decrease based on a 9.2 percent ROE.  The Attorney General’s recommendation reflects additional adjustments beyond those proposed by the NMPRC staff, such as a consolidated income tax adjustment.

·                  Occidental Permian, a large retail customer, is recommending a 9.9 percent ROE and did not oppose the Lea Power cost recovery rider.

 

Rebuttal testimony is due March 28, 2008, and the hearing is scheduled for April 9 – 23, 2008.

 

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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.

 

 

Southwestern Public Service Company

 

(a New Mexico Corporation)

 

 

 

 

 

/s/ BENJAMIN G.S. FOWKE III

 

Benjamin G.S. Fowke III

 

Vice President and Chief Financial Officer

March 17, 2008

 

 

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