Xcel Energy subsidiary PSCo faces lower rate increase recommendations in Colorado electric rate case

XCEL ENERGY INC

PSCo sought $262M net increase (8.2%) in Nov 2022; intervenors propose base rate changes from +$31M (Staff) to -$16M (CEC).
On May 3, 2023, seven intervenors including CPUC Staff, UCA, and CEC filed testimony with varied ROE recommendations (8.51%-9.30% vs PSCo's 10.25%).
Staff recommends 9.02% ROE and a historic test year, while CEC seeks capital disallowances of $30M and a negative revenue change.
CPUC decision expected in Q3 2023; Xcel reaffirms 2023 GAAP EPS guidance of $3.30-$3.40 based on constructive regulatory outcomes.
Next procedural steps: rebuttal testimony by May 31, settlement deadline June 14, and hearing scheduled July 6-21, 2023.

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