Xcel Energy's Colorado gas unit faces pushback on $190M rate hike, regulators propose cuts

Filed June 9, 2026 · Period ending June 5, 2026 · ~1 min read

Key Changes

• high

  PSCo's $190M (11.6%) natural gas rate increase request faces major opposition. Colorado regulators propose cutting it to a $15M decrease or $86M increase, versus the original $190M ask.

  Item 8.01 verify on EDGAR →
• high

  Regulators recommend slashing return on equity to 8.5%-9.2% from PSCo's 10.75% request. Lower ROE directly reduces profitability on $4.7B rate base.

  Item 8.01 verify on EDGAR →
• high

  Staff's largest adjustment is $100M depreciation cut (mostly earnings-neutral), plus $81M for capital structure changes and $38M for rate base methodology.

  Item 8.01 verify on EDGAR →