Company Overview of Public Service Co. of Colorado
Public Service Company of Colorado, together with its subsidiaries, primarily generates, purchases, transmits, distributes, and sells electricity in Colorado. The company operates through Regulated Electric Utility, Regulated Natural Gas Utility, and All Other segments. It generates electricity through various fuel sources, such as coal, natural gas, wind, hydroelectric, biomass, and solar power. The company also purchases, transports, distributes, and sells natural gas to retail customers and transports customer-owned natural gas. It serves large commercial and industrial electric retail customers from various industries, including fabricated metal products, communications, and business ser...
1800 Larimer Street
Denver, CO 80202
Founded in 1869
Key Executives for Public Service Co. of Colorado
Chairman and Chief Executive Officer
Chief Financial Officer, Executive Vice President and Director
Senior Vice President and Controller
Compensation as of Fiscal Year 2016.
Public Service Co. of Colorado Key Developments
Vaisala Announces Partnership with Xcel Energy
Oct 4 16
Vaisala has announced a partnership with Xcel Energy to provide due diligence services on its 600MW Rush Creek wind farm. It will also be the first to be entirely owned and operated by Xcel Energy through its subsidiary Public Service Company of Colorado. Flexibility and speed were key for the Rush Creek Wind Farm, which was one of the reasons Vaisala was selected by Xcel Energy to support the project. Xcel Energy must begin work on the project before the end of 2016. Meeting this deadline will help the company preserve $125 million in tax credits. As a pioneer in utility-scale wind energy assessment, Vaisala delivered comprehensive energy due diligence reports for the project. The reports included detailed analysis of meteorological observations at the project sites, weather simulation, expected energy production and uncertainties surrounding generation predictions for the project. The purpose of Vaisala's reports was to characterize expected generation at the Rush Creek site, and in the process create investor certainty for Xcel Energy. Vaisala's report concluded that the Rush Creek Wind Farm I site is expected to produce just over 2,311 GWh on an annual basis, enough to power more than 200,000 homes. This total accounts for the real-world effects that can cause wind farm energy losses, including availability issues, wake effects, line losses and turbine inefficiencies and degradation. The Rush Creek Wind Farm will in turn deliver a boost to Colorado's economy, as the wind project's transmission lines and distribution facilities will all be locally designed, manufactured, installed and operated. As a result, the Rush Creek Wind Project is expected to expand the local tax base, create hundreds of jobs and generate more than $180 million in landowner lease payments and property taxes.
Public Service Company of Colorado Along With Wexpro Is Looking For Acquisitions
Jan 28 16
Public Service Company of Colorado and Wexpro Development Company will seek to identify and acquire specific natural gas producing properties that would be beneficial to Public Service Company of Colorado's gas customers, and seek CPUC approval of these specific investments.
Public Service Co. of Colorado Reports Earnings Results for the Third Quarter and Nine Months Ended of September 30, 2015
Oct 29 15
Public Service Co. of Colorado reported earnings results for the third quarter and nine months ended of September 30, 2015. For the quarter, the company’s diluted earnings per share were $0.34 compared to $0.30 a year ago. ongoing earnings increased $0.04 per share for the third quarter of 2015
For the nine months, the company’s diluted earnings per share were $0.75 compared to $0.72 a year ago. ongoing earnings per share was $0.03.
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