The Investor
24 Nov 2025, 16:50
Xcel Energy Subsidiary PSCo Files $356 Million Electric Rate Case in Colorado
Public Service Company of Colorado (PSCo), a wholly owned subsidiary of Xcel Energy, has filed a new electric rate case with the Colorado Public Utilities Commission seeking a $356 million revenue increase, equivalent to a 9.9% rise ($526 million including rider roll-ins). The request is based on a 2025 test year, a 9.8% return on equity, a 55% equity ratio, and a projected $13 billion rate base.
The filing cites major drivers including $294 million for distribution system investment, $65 million for liability insurance, $51 million in operating cost increases, and $49 million tied to changes in cost of capital. Coal retirements reduce the request by $120 million, though PSCo seeks rider recovery for costs related to extending operations at Comanche Unit 2.
A final CPUC decision and implementation of new rates are expected in the third quarter of 2026.
Xcel Energy noted that forward-looking statements in the filing are subject to risks including regulatory outcomes, commodity price volatility, capital market conditions, environmental regulation changes, and wildfire-related liabilities.
Public Service Company of Colorado (PSCo), a wholly owned subsidiary of Xcel Energy, has filed a new electric rate case with the Colorado Public Utilities Commission seeking a $356 million revenue increase, equivalent to a 9.9% rise ($526 million including rider roll-ins). The request is based on a 2025 test year, a 9.8% return on equity, a 55% equity ratio, and a projected $13 billion rate base.
The filing cites major drivers including $294 million for distribution system investment, $65 million for liability insurance, $51 million in operating cost increases, and $49 million tied to changes in cost of capital. Coal retirements reduce the request by $120 million, though PSCo seeks rider recovery for costs related to extending operations at Comanche Unit 2.
A final CPUC decision and implementation of new rates are expected in the third quarter of 2026.
Xcel Energy noted that forward-looking statements in the filing are subject to risks including regulatory outcomes, commodity price volatility, capital market conditions, environmental regulation changes, and wildfire-related liabilities.
