RegulatoryJun 9, 2026, 01:56 PM
Xcel Energy's PSCo Faces Lower Revenue Proposals in Rate Case
AI Summary
Xcel Energy's subsidiary, Public Service Company of Colorado (PSCo), filed a natural gas rate case seeking a $190 million (11.6%) revenue increase based on a 10.75% return on equity. However, intervenors have proposed significant modifications. CPUC Staff recommended a $(15) million revenue change with an 8.50% ROE, while the Colorado Office of the Utility Consumer Advocate (UCA) proposed an $86 million increase with a 9.20% ROE. A final decision from the Colorado Public Utilities Commission is expected in the fourth quarter of 2026.
Key Highlights
- Public Service Company of Colorado (PSCo) sought a $190 million (11.6%) natural gas revenue increase.
- PSCo's request was based on a 10.75% Return on Equity (ROE) and 55% equity ratio.
- CPUC Staff proposed a $(15) million revenue change, recommending an 8.50% ROE and 52.5% equity ratio.
- The Colorado Office of the Utility Consumer Advocate (UCA) proposed an $86 million revenue change, recommending a 9.20% ROE and 50.0% equity ratio.
- CPUC Staff proposed total adjustments of $(205) million, while UCA proposed $(104) million.
- A final decision from the Colorado Public Utilities Commission is anticipated in the fourth quarter of 2026.
Price Impact
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