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Public Service Co Of Colorado (81018) SEC Filing 10-Q Quarterly Report for the period ending Wednesday, March 31, 2021

Public Service Co Of Colorado

CIK: 81018

Exhibit 99.01
logoa01a01a141.jpg
 414 Nicollet Mall
April 29, 2021
Minneapolis, MN 55401

XCEL ENERGY
FIRST QUARTER 2021 EARNINGS REPORT

GAAP 2021 first quarter EPS was $0.67 compared with $0.56 in 2020.
Xcel Energy reaffirms 2021 EPS earnings guidance of $2.90 to $3.00.

MINNEAPOLIS — Xcel Energy Inc. (NASDAQ: XEL) today reported 2021 first quarter GAAP and ongoing earnings of $362 million, or $0.67 per share, compared with $295 million, or $0.56 per share in the same period in 2020.

Earnings reflect higher electric and natural gas margins, which more than offset additional depreciation, interest charges and less allowance for funds used during construction (AFUDC).

“Xcel Energy had a strong first quarter and we are reaffirming our expectation to deliver earnings within our annual guidance range,” said Ben Fowke, chairman and CEO. “We are also pleased to have achieved a significant milestone, reducing carbon emission 51% from 2005 levels, bringing us more than halfway to our vision of delivering 100% carbon-free electricity to our customers by 2050.”

“We recently proposed significant measures in Colorado that will transform the energy landscape and help the state continue its clean energy leadership. Our Colorado Clean Energy Plan adds more than 5,000 megawatts of renewable energy and accelerates the retirement of our coal plants. The plan will reduce carbon emissions 85% in Colorado and increase renewable energy to nearly 80% by 2030. To support this ambitious plan, we also proposed a significant transmission expansion that would add 560 miles of new lines to deliver renewable energy.”

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:(888) 394-8218
International Dial-In:(400) 120-9101
Conference ID:7731118

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 12:00 p.m. CDT on April 29 through 12:00 p.m. CDT on May 2.
Replay Numbers
US Dial-In:(888) 203-1112
International Dial-In:(719) 457-0820
Access Code:7731118

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The following information was filed by Public Service Co Of Colorado on Thursday, April 29, 2021 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 2021 10-K Annual Report includes:

  • Voting Procedures
  • Board Members
  • Executive Team
  • Salaries, Bonuses, Perks
  • Peers / Competitors

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Financial Statements, Disclosures and Schedules

Inside this 10-Q Quarterly Report

Cover Page
Consolidated Balance Sheets (Unaudited)
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)
Commitment And Contingencies (Tables)
Commitments And Contingencies
Commitments And Contingencies - Environmental Requirements - Water And Waste (Details)
Commitments And Contingencies - Gas Trading Litigation (Details)
Commitments And Contingencies - Leases (Details)
Commitments And Contingencies - Mgp, Landfill And Disposal Sites (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 - Commodity Derivatives (Details)
Fair Value Of Financial Assets And Liabilities - Consideration Of Credit Risk And Concentrations (Details)
Fair Value Of Financial Assets And Liabilities - Credit Related Contingent Features (Details)
Fair Value Of Financial Assets And Liabilities - Fair Value Of Long-Term Debt (Details)
Fair Value Of Financial Assets And Liabilities - Interest Rate Derivatives (Details)
Fair Value Of Financial Assets And Liabilities - Recurring Fair Value Measurements (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
Vies (Details)

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: 0000081018-21-000012
Submitted to the SEC: Thu Apr 29 2021 2:10:24 PM EST
Accepted by the SEC: Thu Apr 29 2021
Period: Wednesday, March 31, 2021
Industry: Electric And Other Services Combined

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