Xcel Energy Inc.
Colorado Natural Gas Rate Request Filed by PSCo
Summary
On July 11, 2024, Public Service Company of Colorado (PSCo), a subsidiary of Xcel Energy Inc., filed a rate request with the Colorado Public Utilities Commission to increase retail natural gas rates by $171 million, approximately a 9.5% increase. The increase is based on a 2023 test year, a 10.25% ROE, an equity ratio of 55%, and a $4.2 billion retail rate base including projected capital additions through December 31, 2023. PSCo proposed a Nov. 1, 2024, effective date but suggested deferring collection until Feb. 15, 2025, to mitigate customer bill impacts. Staff and the Utility Consumer Advocate opposed the deferral, recommending Nov. 1, 2024, as the effective date. Key procedural steps include rebuttal testimony on Aug. 15, 2024, and a CPUC decision expected in Q4 2024.
Profitelligence Alerts
Get alerts for XEL
Be first to know when Xcel Energy Inc. files with the SEC.
Filing Categories
Advertisement
About Xcel Energy Inc.
Xcel Energy Inc. is a prominent utility company engaged in the generation, transmission, and distribution of electricity and natural gas. Primarily serving customers across eight states in the U.S., including the regions of the Midwest and Rocky Mountain areas, Xcel Energy plays a vital role in supplying energy to millions of residential, commercial, and industrial consumers. With a focus on sustainability and renewable energy, the company is actively expanding its renewable energy portfolio, investing in wind and solar power projects to reduce carbon emissions and promote cleaner energy solutions. Xcel Energy's operations are crucial for powering essential infrastructure and supporting economic activity in its service areas, making it a key player in the energy sector. Its commitment to innovation in energy production and distribution not only meets current demand but also gears towards future energy challenges in an evolving market landscape.
Official SEC Documents
Advertisement