Colorado Public Utilities Commission Issues Decision on Public Service Company of Colorado's Cost Recovery Proposal

Strategic Insights -

The Colorado Public Utilities Commission (PUC) has issued a decision on Public Service Company of Colorado's (PSCo) application to approve its cost recovery proposal associated with the early retirements of coal generation assets Craig 2, Hayden 1, and Hayden 2, and the retiring coal portion of Pawnee. The decision, dated November 23, 2022, grants the motion for expedited notice, shortened notice and intervention period, Commission hearing en banc, and an expedited decision, while also directing PSCo to provide supplemental direct testimony.

Key Takeaways:

  • The PUC grants PSCo's motion for expedited notice, shortened notice and intervention period, Commission hearing en banc, and an expedited decision, with the notice and intervention period expiring at 5:00 p.m. on November 30, 2022.
  • Public Service Company of Colorado is required to provide supplemental direct testimony regarding the potential use of loans made available under the Inflation Reduction Act (IRA) for the assets at issue in this proceeding.
  • The Commission directs PSCo to confer on a procedural schedule with intervenors of right and any parties that are seeking intervention.
  • Public Service Company of Colorado shall file a motion for approval of the consensus procedural schedule or submit a joint status report reflecting the results of such conferral, on or before December 8, 2022.

Statistics:

  • The notice and intervention period expires at 5:00 p.m. on November 30, 2022 (Nov 30, 2022).
  • Public Service Company of Colorado has until December 8, 2022 (Dec 8, 2022) to file a motion for approval of the consensus procedural schedule or submit a joint status report.
  • The Commission's decision grants Public Service Company of Colorado six requests, including expedited notice, shortened notice and intervention period, en banc hearing, and expedited decision.

Sources:

  • Decision No. C22-0757-I, Colorado Public Utilities Commission.
  • Decision No. C22-0459, Colorado Public Utilities Commission.
  • Colorado.gov/dora/puc.