Senate Republicans to challenge auto safety mandates in January - WSJ
Public Service Company of Colorado, a wholly owned subsidiary of Xcel Energy Inc. (NASDAQ:XEL), filed an electric rate case with the Colorado Public Utilities Commission on Friday. The company is seeking an increase in annual revenue of $356 million, or 9.9%, excluding rider roll-ins. Including rider roll-ins, the total requested increase is $526 million. Xcel Energy, with a market capitalization of nearly $47 billion and a stock that has gained 21.9% year-to-date, has demonstrated strong price momentum according to InvestingPro data.
According to the press release statement, the request is based on a projected rate base of $13 billion for the 2025 test year, a 9.8% return on equity, and an equity ratio of 55%.
The filing outlines several key components for the rate increase. Distribution system investment accounts for $294 million, liability insurance for $65 million, and operating costs for $51 million. Changes in the cost of capital represent $49 million, while coal retirements provide a reduction of $120 million. Other items add $17 million, resulting in a net rate request of $356 million.
The case also includes a proposal for rider recovery of any costs associated with extending operations at Comanche Unit 2, a coal-fired power unit.
A decision from the Colorado Public Utilities Commission and implementation of final rates is anticipated in the third quarter of 2026.
This information is based on a press release statement included in the company’s recent SEC filing.
In other recent news, Xcel Energy Inc. reported its third-quarter 2025 earnings, which showed a slight miss in earnings per share (EPS), posting $1.24 compared to the expected $1.32. However, the company’s revenue slightly exceeded forecasts, reaching $3.92 billion against a projected $3.89 billion. Additionally, Xcel Energy’s subsidiary, Southwestern Public Service Company, has filed for a $175 million rate increase in New Mexico, which represents a 16.7% rise in base rate revenue. This request is based on a projected test year ending November 30, 2027, and includes a proposed return on equity of 10.5%.
Moreover, Xcel Energy’s Northern States Power Company-Wisconsin received verbal approval for electric and natural gas rate increases in Wisconsin. The electric utility rate is expected to increase by approximately $126 million over two years, while natural gas rates will rise by about $22 million. In analyst updates, Jefferies raised its price target for Xcel Energy to $94 from $92, maintaining a Buy rating. The firm cited the company’s growth outlook through 2030 as a positive factor. These developments highlight recent movements in Xcel Energy’s financial strategies and market positioning.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.