-----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, FIS7ZuSf6SPEvlhZh6jkR6NLf4yoTsILIjFaION2hd3Bn5kvs6APu27qn2X5wRye CRTRHDSpO3kUw8E3c7ZRWg== 0001104659-09-021738.txt : 20090331 0001104659-09-021738.hdr.sgml : 20090331 20090331160024 ACCESSION NUMBER: 0001104659-09-021738 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20090325 ITEM INFORMATION: Other Events FILED AS OF DATE: 20090331 DATE AS OF CHANGE: 20090331 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: 09718850 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 a09-9097_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 25, 2009

 

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

 

2008 New Mexico Retail Electric Rate Case - On Dec. 18, 2008, Southwestern Public Service Company (SPS), a New Mexico corporation, and a wholly owned subsidiary of Xcel Energy Inc., filed with the New Mexico Public Regulation Commission (NMPRC) a request to increase electric rates in New Mexico by approximately $24.6 million, or 6.2 percent.  The request is based on a historic test year (split year based on year-ending June 30, 2008), an electric rate base of $321 million, and an equity ratio of 50 percent and a requested return on equity (ROE) of 12 percent.  SPS also requested interim rates to allow it to begin recovering the cost of the Lea Power Partners (LPP) facility of approximately $7.6 million per year.

 

On March 26, 2009, the NMPRC approved a partial stipulated settlement (settlement) between the parties that allows the Company to recover 75% of its interim rate request, approximately $5.7 million of its requested $7.6 million interim rates, through an LPP cost rider until the final rates from the remainder of the case are effective.  The LPP cost rider begins May 1, 2009, and is subject to true-up.

 

In addition, the NMPRC has appointed a mediator to assist the parties in reaching a settlement of some or all issues in the case.  The mediator has scheduled a mandatory settlement conference for April 14 and 15, 2009.

 

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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

 

Executive Vice President and Chief Financial
Officer

March 31, 2009

 

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