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Colorado Public Utilities Commission Approves Rate Increase for Public Service Company of Colorado

Strategic Insights

— 2 min read

The Colorado Public Utilities Commission has issued a decision approving a rate increase for Public Service Company of Colorado (PSCo) to revise its electric tariffs, effective October 1, 2022. The commission granted two partial waivers requested by PSCo, allowing the company to use estimates in the Medical Exemption Program's lost revenue calculation and to exclude incremental electric costs associated with the Comanche Unit 3 outage. The decision was made in Proceeding No. 22AL-0379E and is effective as of its mailed date, September 28, 2022.

Key Takeaways:

  • The Colorado Public Utilities Commission approved a rate increase for Public Service Company of Colorado to revise its electric tariffs, with an effective date of October 1, 2022.
  • The commission granted two partial waivers requested by PSCo, allowing the company to use estimates in the Medical Exemption Program's lost revenue calculation and to exclude incremental electric costs associated with the Comanche Unit 3 outage.
  • The waivers apply to Electric Tariff Sheet Nos. 143D and 143E, which involve the exclusion of incremental electric costs and the use of estimates in the Medical Exemption Program's lost revenue calculation.
  • The decision was made in Proceeding No. 22AL-0379E and is effective as of its mailed date, September 28, 2022.
  • The Electric Commodity Adjustment factor (ECA) will be increased for all electric base rate schedules, except for the Economic Development Rate schedule, for the October-December 2022 quarterly period.
  • Public Service Company of Colorado filed Advice Letter No. 1897 - Electric on August 31, 2022, requesting the commission's approval of the rate increase.
  • The commission found good cause to grant the two related waivers and allowed Advice Letter No. 1897-Electric to go into effect by operation of law on its October 1, 2022, proposed effective date.

Statistics:

  • The Electric Commodity Adjustment factor (ECA) will be increased for all electric base rate schedules, except for the Economic Development Rate schedule, for the October-December 2022 quarterly period.
  • The commission approved a rate increase for Public Service Company of Colorado's electric tariffs, effective October 1, 2022.
  • Two partial waivers were granted by the commission to Public Service Company of Colorado, regarding estimates in the Medical Exemption Program's lost revenue calculation and incremental electric costs associated with the Comanche Unit 3 outage.
  • Proceeding No. 22AL-0379E, in which the decision was made, has an effective date of September 28, 2022.
  • The commission found good cause to grant the two related waivers, allowing Advice Letter No. 1897-Electric to go into effect by operation of law on its October 1, 2022, proposed effective date.

Sources:

  • Decision No. C22-0576 - Before the Public Utilities Commission of the State of Colorado, Proceeding No. 22AL-0379E, filed September 28, 2022.
  • Public Service Company of Colorado's Advice Letter No. 1897 - Electric, filed August 31, 2022.
  • Colorado Public Utilities Commission's Rules of Practice and Procedure, Rule 4, CCR 723-1-1003.

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