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Public Service Co Of Colorado (81018) SEC Filing 10-Q Quarterly report for the period ending Sunday, March 31, 2019

Public Service Co Of Colorado

CIK: 81018

Exhibit 99.01
logoa01a01a07.jpg
 
414 Nicollet Mall
April 25, 2019
Minneapolis, MN 55401

XCEL ENERGY
FIRST QUARTER 2019 EARNINGS REPORT

GAAP 2019 first quarter earnings per share were $0.61 compared with $0.57 per share in 2018.
Xcel Energy reaffirms 2019 earnings guidance of $2.55 to $2.65.

MINNEAPOLIS — Xcel Energy Inc. (NASDAQ: XEL) today reported 2019 first quarter GAAP and ongoing earnings of $315 million, or $0.61 per share, compared with $291 million, or $0.57 per share in the same period in 2018.

Earnings reflect higher electric and natural gas margins due to regulatory rate outcomes and favorable weather which were partially offset by higher depreciation, operating and maintenance and interest expenses.
 
“We are off to a good start with strong first quarter earnings and are on track to deliver earnings within our 2019 guidance range,” said Ben Fowke, chairman, president and CEO of Xcel Energy.

“In addition, we are making strides toward our ambitious vision to deliver 100% carbon-free electricity to customers by 2050 and have already reduced carbon emissions to our customers by 38% since 2005,” said Fowke. “Our wind energy expansion is key to achieving those clean energy targets, and we have marked another milestone with approval to build the Cheyenne Ridge Wind farm in Colorado. The 500-megawatt project is part of our steel-for-fuel strategy that will help us continue to keep bills low, build on our clean energy leadership and provide economic benefits for the region.”

At 9:00 a.m. CDT today, Xcel Energy will host a conference call to review financial results. To participate in the call, please dial- in 5 to 10 minutes prior to the start and follow the operator’s instructions.

US Dial-In:
(720) 452-9217

International Dial-In:
(888) 221-3881
Conference ID:
5739981

The conference call also will be simultaneously broadcast and archived on Xcel Energy’s website at www.xcelenergy.com. To access the presentation, click on Investor Relations. If you are unable to participate in the live event, the call will be available for replay from 1:00 p.m. CDT on April 25 through 11:00 p.m. CDT on April 28.

Replay Numbers
 
US Dial-In:
(888) 203-1112
International Dial-In:
(719) 457-0820
Access Code:
5739981


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The following information was filed by Public Service Co Of Colorado on Thursday, April 25, 2019 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Public Service Co Of Colorado's Definitive Proxy Statement (Form DEF 14A) filed after their 2019 10-K Annual Report includes:

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Financial Statements, Disclosures and Schedules

Inside this 10-Q Quarterly Report

Document And Entity Information
Consolidated Balance Sheets (Unaudited)
Consolidated Balance Sheets (Unaudited) (Parenthetical)
Consolidated Statements Of Cash Flows (Unaudited)
Consolidated Statements Of Common Stockholder's Equity
Consolidated Statements Of Comprehensive Income (Unaudited)
Consolidated Statements Of Comprehensive Income (Unaudited) (Parenthetical)
Consolidated Statements Of Income (Unaudited)
Consolidated Statements Of Income (Unaudited) (Parenthetical)
Accounting Pronouncements
Accounting Pronouncements (Details)
Benefit Plans And Other Postretirement Benefits
Benefit Plans And Other Postretirement Benefits (Details)
Benefit Plans And Other Postretirement Benefits (Tables)
Borrowings And Other Financing Instruments
Borrowings And Other Financing Instruments (Tables)
Borrowings And Other Financing Instruments Borrowings And Other Financing Instruments, Long-Term Borrowings And Other Financing Instruments (Details)
Borrowings And Other Financing Instruments, Credit Facility (Details)
Borrowings And Other Financing Instruments, Letters Of Credit (Details)
Borrowings And Other Financing Instruments, Short-Term Borrowings (Details)
Commitments And Contingencies
Commitments And Contingencies Commitments And Contingencies (Tables)
Commitments And Contingencies Commitments And Contingencies, Leases - Components Of Lease Expense (Details)
Commitments And Contingencies Commitments And Contingencies, Leases - Future Commitments (Details)
Commitments And Contingencies Commitments And Contingencies, Leases - Narrative (Details)
Commitments And Contingencies Commitments And Contingencies, Leases - Right-Of-Use Assets (Details)
Commitments And Contingencies, Environmental Contingencies (Details)
Commitments And Contingencies, Legal Contingencies (Details)
Commitments And Contingencies, Purchased Power Agreements (Details)
Fair Value Of Financial Assets And Liabilities
Fair Value Of Financial Assets And Liabilities (Tables)
Fair Value Of Financial Assets And Liabilities, Changes In Level 3 Commodity Derivatives (Details)
Fair Value Of Financial Assets And Liabilities, Credit Related Contingent Features (Details)
Fair Value Of Financial Assets And Liabilities, Derivative Assets And Liabilities At Fair Value (Details)
Fair Value Of Financial Assets And Liabilities, Derivative Instruments (Details)
Fair Value Of Financial Assets And Liabilities, Fair Value Of Long-Term Debt (Details)
Fair Value Of Financial Assets And Liabilities, Impact Of Derivative Activity (Details)
Income Taxes
Income Taxes (Details)
Income Taxes (Tables)
Management's Opinion
Other Comprehensive Income
Other Comprehensive Income (Details)
Other Comprehensive Income (Tables)
Revenues
Revenues (Details)
Revenues (Tables)
Segment Information
Segment Information (Details)
Segment Information (Tables)
Selected Balance Sheet Data
Selected Balance Sheet Data (Details)
Selected Balance Sheet Data (Tables)
Selected Balance Sheet Data Balance Sheet Related Disclosures, Inventories (Details)
Selected Balance Sheet Data Balance Sheet Related Disclosures, Property, Plant And Equipment (Details)
Summary Of Significant Accounting Policies

Material Contracts, Statements, Certifications & more

Public Service Co Of Colorado provided additional information to their SEC Filing as exhibits

CIK: 81018
Form Type: 10-Q Quarterly Report
Accession Number: 0000081018-19-000010
Submitted to the SEC: Fri Apr 26 2019 5:02:29 PM EST
Accepted by the SEC: Fri Apr 26 2019
Period: Sunday, March 31, 2019
Industry: Electric And Other Services Combined

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