Colorado PUC approves alternative 5,835 MW resource plan for Xcel Energy's PSCo; $4.8B investment

XCEL ENERGY INC

CPUC approved 5,835 MW alternative portfolio vs. PSCo's proposed 7,521 MW; 3,133 MW owned, 2,702 MW purchased.
Xcel expects to invest ~$4.8B in generation resources for customers and state clean energy goals.
May Valley to Longhorn transmission line (est. $250M) not approved by CPUC.
PSCo to file Just Transition Plan by June 1, 2024 for additional renewable resource timing.
CPUC to deliberate on performance incentive mechanisms later in December.

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