The company said on November 21, 2025 that its subsidiary Public Service Company of Colorado (PSCo) filed an electric rate increase request with the Colorado Public Utilities Commission. The request seeks revenue of $356 million, or 9.9%, and totals $526 million including rider roll-ins.

1. 01

   The company said on November 21, 2025 that its subsidiary Public Service Company of Colorado (PSCo) filed an electric rate increase request with the Colorado Public Utilities Commission. The request seeks revenue of $356 million, or 9.9%, and totals $526 million including rider roll-ins.

2. 02

   Xcel Energy said the request is based on a 9.8% return on equity, a 55% equity ratio, a 2025 test year and a projected rate base of $13 billion.

3. 03

   The company disclosed that the base rate increase request, net of rider roll-ins, of $356 million consists of distribution system investment of $294 million, liability insurance of $65 million, operating costs of $51 million, changes in cost of capital of $49 million, other items of $17 million and coal retirements of $(120) million.

4. 04

   PSCo said the request includes rider recovery of costs tied to extending operations at Comanche Unit 2. The company also said a CPUC decision and implementation of final rates are expected in Q3 2026.

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Original filing

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