Xcel settles Colorado rate case for $225M increase, 37% below request; reaffirms 2026 guidance

Filed June 3, 2026 · Period ending June 2, 2026 · ~1 min read

Key Changes

• high

  PSCo filed settlement for $225M (6.3%) revenue increase, down from $356M (9.9%) request; ROE set at 9.3% vs. 9.8% sought. Settlement is non-unanimous with opposition from AARP, City of Boulder, and state consumer advocate. CPUC decision expected Q3 2026.

  Item 8.01 verify on EDGAR →
• high

  Company reaffirmed 2026 ongoing EPS guidance of $4.04–$4.16 despite 37% reduction in rate request, indicating settlement terms align with financial expectations.

  Item 8.01 verify on EDGAR →
• medium

  Settlement includes performance framework for Comanche Unit 3 coal facility through 2029 and transfers previous Transmission Cost Adjustment investments into rate base.

  Item 8.01 verify on EDGAR →