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February 08, 2016 3:58 AM ET

Electric Utilities

Company Overview of Public Service Co. of Colorado

Company Overview

Public Service Company of Colorado, together with its subsidiaries, generates, purchases, transmits, distributes, and sells electricity in Colorado. It operates through Regulated Electric Utility, Regulated Natural Gas Utility, and All Other segments. The company generates electricity through various fuel sources, including coal, natural gas, wind, hydroelectric, biomass, and solar power. It also purchases, transports, distributes, and sells natural gas to retail customers and transports customer-owned natural gas. The company serves large commercial and industrial electric retail customers from various industries, including fabricated metal products, communications, and oil and gas extracti...

1800 Larimer Street

Suite 1100

Denver, CO 80202

United States

Founded in 1869

2,690 Employees

Phone:

303-571-7511

Key Executives for Public Service Co. of Colorado

Chief Executive Officer, President and Director
Age: 56
Chief Financial Officer, Executive Vice President and Director
Age: 59
Senior Vice President
Age: 61
Principal Accounting Officer, Senior Vice President and Controller
Age: 43
Vice President, General Counsel and Director
Age: 68
Compensation as of Fiscal Year 2015.

Public Service Co. of Colorado Key Developments

Public Service Company of Colorado Along With Wexpro Is Looking For Acquisitions

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

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.

Xcel Interested In Buying Colorado Springs Utilities' Electric Division

Xcel Energy Inc. (NYSE:XEL) (‘Xcel’) has asked Colorado Springs Utilities if it wants to sell its electric generation fleet, including Ray Nixon coal-fired plant, the city's natural gas-fired plant, its hydroelectric facilities and its backup generators. In a June 27, 2014 letter, Xcel offered to have closed-door discussions with Colorado Springs Utilities about a possible sale. Xcel proposed that Colorado Springs Utilities enter into a non-disclosure with Xcel subsidiary Public Service Co. of Colorado with the specific intent of exploring over the next 60 days if there is a value proposition that would provide for acquisition of and assumption of operations for the generation fleet of Colorado Springs Utilities. The council, which doubles as the the board of Colorado Springs Utilities, will discuss the offer at a July 16, 2014 meeting. Council member Andy Pico is not interested in selling any part of Colorado Springs Utilities.

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