Xcel Energy's subsidiary, Public Service Company of Colorado (PSCo), provided an update on its natural gas rate case filed in December 2025. While PSCo initially requested a $190 million revenue increase, key intervenors, including the Colorado Public Utilities Commission (CPUC) Staff, have filed testimony recommending significantly lower figures, with the CPUC Staff proposing a net rate decrease.

Key Details

  • Original Request: PSCo sought a $190 million (11.6%) revenue increase based on a 10.75% Return on Equity (ROE) and a $4.7 billion rate base.
  • CPUC Staff Proposal: Recommends a revenue decrease of $15 million, based on an 8.50% ROE and a 52.5% equity ratio.
  • UCA Proposal: The Colorado Office of the Utility Consumer Advocate (UCA) recommended a smaller revenue increase of $86 million, based on a 9.20% ROE and a 50.0% equity ratio.
  • Timeline: A final decision from the CPUC and implementation of new rates are expected in the fourth quarter of 2026.