Xcel Energy's subsidiary, Public Service Company of Colorado (PSCo), received a verbal decision from the Colorado Public Utilities Commission (CPUC) approving a settlement for an electric rate increase. The approved revenue increase of $157 million is significantly lower than the original $356 million request from November 2025. Despite the reduction, Xcel Energy reaffirmed its 2026 earnings guidance.
Key Details
- Revenue Increase: Approved for $157 million (a 4.4% increase), with new rates expected to become effective August 29, 2026.
- Approved Terms: The settlement includes a Return on Equity (ROE) of 9.3% and an equity ratio of 54.5%.
- 2026 Guidance Reaffirmed: The company reaffirmed its full-year 2026 ongoing earnings per share (EPS) guidance of $4.04 to $4.16.