Overview Key strengths Key risks Fully regulated electric and natural gas utility strategy. Climate change. Large base of stable electric and natural gas customers. Weakening regulatory jurisdiction. Energy transition plan with an approved accelerated timeline. Limited geographic and regulatory diversity. Earlier this month, the Boulder County Sherriff?s Office concluded its investigation into the cause and origin of the late 2021 Marshall Fire. The investigation stated that one of the two fires was most likely started by arcing power lines owned and managed by PSCo; however, the investigation found no evidence of criminally negligent or reckless system design or maintenance and instead pointed to the extraordinarily high winds that caused the lines to arc. More than 1,000 homes and commercial structures