Public Service Company of Colorado Granted Rate Decrease

Strategic Insights -

The Public Utilities Commission of the State of Colorado has approved a request from Public Service Company of Colorado to decrease its natural gas rates, effective July 1, 2024. The decision was made in response to a verified application filed by Public Service on June 14, 2024, requesting a Commission order authorizing the rate decrease without a formal hearing and on less-than-statutory notice. The proposed tariffs, which will result in a decrease of $937,852 in Public Service's July-September 2024 revenue, are attached to the decision as Appendix A.

Key Takeaways:

  • Public Service Company of Colorado filed a verified application requesting a rate decrease of $937,852 in July-September 2024 revenue.
  • The application was filed on June 14, 2024, and was deemed complete for purposes of SS 40-6-109.5, C.R.S.
  • The Commission found good cause to allow the proposed decrease on less-than-statutory notice.
  • The approved tariffs will be effective on July 1, 2024, and Public Service is authorized to file the tariffs with two days' notice.
  • The decision was made in response to a Quarterly GCA Stipulation reached by the Parties in compliance with Decision No. C09-0596 in Proceeding No. 08A-095G.
  • The proposed tariffs are attached to the decision as Appendix A and reflect the changes in Gas Commodity Cost, Deferred Gas Cost, and Deferred Gas Reserve Tracker.
  • The Commission notes that the GCA is currently not impacted by gas transportation commodity discounts on Public Service's system.
  • The decision is effective on its Issued Date of June 26, 2024.

Statistics:

  • $937,852: The decrease in Public Service's July-September 2024 revenue resulting from the approved tariffs.
  • Effective Date: July 1, 2024 - The date on which the approved tariffs will take effect.
  • Issued Date: June 26, 2024 - The date on which the decision was made.

Sources:

  • Colorado Public Utilities Commission - Decision No. C24-0456
  • Office of the Utility Consumer Advocate, formerly known as Office of Consumer Counsel
  • Public Service Company of Colorado
  • Natural Gas Act of 1978, as amended, 15 U.S.C. SSS 717, et seq.
  • Rules of Practice and Procedure, 4 Code of Colorado Regulations ("CCR") 723-1
  • Quarterly GCA Stipulation reached by the Parties in compliance with Decision No. C09-0596 in Proceeding No. 08A-095G