In a regulatory filing, Xcel Energy (XEL) disclosed that on September 23, Xcel Energy, Qwest Corporation and Teleport Communications America reached settlement agreements in principle that resolve all claims asserted by the subrogation insurers, the public entity plaintiffs and individual plaintiffs related to the Marshall Fire, which ignited in Boulder County, Colorado in December 2021. PSCo expects to pay approximately $640M related to these settlements, with approximately $350M funded by remaining insurance coverage after consideration of legal costs incurred to date. PSCo expects to recognize an approximately $290M charge to earnings as a result of these settlement agreements in the quarterly period ending September 30, 2025. In conjunction, Xcel Energy reaffirms its 2025 ongoing EPS guidance of $3.75 to $3.85 per share.
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