Steady operating cash flow from regulated vertically integrated electric and natural gas distribution operations Regulation that we consider credit supportive Part of a large, geographically and economically diverse regulated utility company with service territories that lack competition A low-cost diversified generation portfolio Based on parent Xcel Energy Inc. A strengthened financial risk profile Aggressive capital spending Dependence on supportive cost recovery Negative free operating cash flow A manageable dividend payout ratio Discretionary cash flow expected to remain negative A continuing commitment to credit quality and maintenance of balanced capital structure Robust cash flow measures and manageable debt leverage The stable rating outlook on Public Service Co. of Colorado (PSCo) reflects our expectation that management will continue to achieve constructive regulatory
RESEARCH Summary: Public Service Co. Of Colorado Publication date: 27-Jun-2013 Primary Credit Analyst: Gerrit W Jepsen, CFA, New York (1) 212-438-2529; gerrit.jepsen@standardandpoors.com Secondary Contact: Gabe Grosberg, New York...
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Summary: Public Service Co. Of Colorado – 2014/05/02 – US$ 225.00
Summary: Public Service Co. of Colorado – 2015/09/17 – US$ 225.00
Summary: Public Service Co. of Colorado – 2016/08/16 – US$ 225.00
Summary: Public Service Co. of Colorado – 2017/09/13 – US$ 225.00
Public Service Co. Of Colorado's Eligible Green Expenditures First-Mortgage Bonds Rated 'A' (Recovery Rating: 1+) – 2018/06/15 – US$ 150.00
Summary: Public Service Co. of Colorado – 2012/12/03 – US$ 225.00
Summary: Public Service Co. of Colorado – 2012/06/22 – US$ 225.00
Summary: Public Service Co. Of Colorado – 2011/12/13 – US$ 225.00
Public Service Co. of Colorado – 2011/06/27 – US$ 500.00
Summary: Public Service Co. of Colorado – 2011/06/27 – US$ 225.00
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