regulatory
confidence high
sentiment neutral
materiality 0.55
Xcel Energy subsidiary files Colorado rate settlement; reaffirms 2023 EPS guidance of $3.30-$3.40
XCEL ENERGY INC
- PSCo filed comprehensive settlement for electric rate case seeking $95M revenue increase (2.96% avg bill rise) or $47M with depreciation deferrals.
- Settlement based on 9.3% ROE, 55.69% equity ratio, 6.95% weighted-average cost of capital.
- Includes $12M collection of suspended 2023 TCA revenues; hearings in July, CPUC decision expected Q3 2023.
- Xcel Energy reaffirms 2023 GAAP and ongoing EPS guidance of $3.30-$3.40 per share.
- City of Boulder opposes the settlement; CPUC will decide in third quarter 2023.