Xcel Energy subsidiary settles Colorado electric rate case for $95M increase, CPUC approves

XCEL ENERGY INC

CPUC orally approved settlement with $95M retail revenue increase (2.96%), based on 2022 historic test year.
Weighted-average cost of capital set at 6.95% (55.69% equity, 9.3% ROE).
Early termination of revenue decoupling pilot; $12M of 2023 TCA revenues to be collected.
Xcel Energy reaffirms 2023 GAAP and ongoing EPS guidance of $3.30-$3.40 per share.
Rates expected effective September 2023 following written CPUC decision.

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