March 04, 2015 7:48 AM ET

Electric Utilities

Company Overview of Public Service Co. of Colorado

Company Overview

Public Service Company of Colorado, together with its subsidiaries, is engaged in the generation, purchase, transmission, distribution, and sale of electricity in Colorado. 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 in various industries, including fabricated metal products, oil and gas extraction, and communications; and small commercial and industrial customers in real estate and dining establishments. It provides electric utility services to approximately 1.4 million customers; and natural gas utility services to approximately ...

1800 Larimer

Suite 1100

Denver, CO 80202

United States

Founded in 1869

2,690 Employees



Key Executives for Public Service Co. of Colorado

Chief Executive Officer, President and Director
Age: 55
Chief Financial Officer, Senior Vice President and Director
Age: 58
Senior Vice President
Age: 60
Principal Accounting Officer, Vice President and Controller
Age: 42
Vice President, General Counsel and Director
Age: 67
Compensation as of Fiscal Year 2014.

Public Service Co. of Colorado Key Developments

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.

Public Service Co. of Colorado Reports Unaudited Earnings Results for the First Quarter Ended March 31, 2014

Public Service Co. of Colorado reported unaudited earnings results for the first quarter ended March 31, 2014. For the quarter, diluted earnings per share were $0.24 against $0.24 a year ago. Weather-adjusted retail electric sales increased 1.4%, primarily driven by higher average use in the small C&I class, a new cheese factory, along with recovery at a steel mill and customer growth in the residential class. Higher rates and sales growth were offset by increased property taxes, depreciation and accruals associated with the electric earnings test refund obligation.

Public Service Seek Acquisitions

Public Service Co. of Colorado is seeking acquisitions. Public Service intends to use the net proceeds from the sale of securities for general corporate purposes, including meeting Public Service working capital requirements, funding capital expenditures and acquisitions, repaying short-term debt and refunding long-term debt at maturity or otherwise. Until the net proceeds from the sale of the offered securities have been used, we may invest them temporarily in interest-bearing obligations.

Similar Private Companies By Industry

Company Name Region
Hurricane Cliffs Wind, LLC United States
Beebe Renewable Energy, LLC United States
Duke Energy Kentucky, Inc. United States
Hartselle Utilities United States
Nelson Industrial Steam Co, Ltd. United States

Recent Private Companies Transactions

No transactions available in the past 12 months.

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
Bertelsmann AG Europe
NYC2012, Inc. United States
Rush University United States
Citizens Budget Commission United States

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact Public Service Co. of Colorado, please visit --. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at