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The Increasing Price of Electricity
| Kate Strickland - Director, Strategic Projects, Research & Industry Strategy for the Smart Electric Power Alliance (SEPA). Kate works across SEPA's research portfolio and with members and industry to identify key strategies and opportunities to advance a clean, affordable, and resilient energy system for all. Contact: kstrickland@sepapower.org |
| Dr. Steven Dahlke - Senior Economist at the Colorado Public Utilities Commission, where he serves as an expert witness on proceedings covering electric resource planning, electricity markets, prudence reviews, rate cases, and other investigations before the Commission. Contact: steven.dahlke@state.co.us |
| Andrew Holder - Director of Community Relations and Local Government Affairs in 2023. He has served as the Northern Colorado Area Manager for Xcel and in various project management positions, from advanced grid infrastructure to new project development. Contact: Andrew.P.Holder@xcelenergy.com |
Today’s Panel
Average Residential Electricity Rates (Nominal)
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* Data from EIA Form 861, provided by Xcel in 2025 electric rate case.
Rate Projection�Average Retail Rates, Xcel Colorado
*Projection from PSCo Long-Term Rate Analysis (Low Load scenario), Just Transition Solicitation.
“Capital components” include projected returns on equity + debt plus depreciation, less generation tax credits and AFUDC credit
Xcel Colorado Projected CapEx
* CapEx projection from PSCo Long-Term Rate Analysis (Low Load scenario), Just Transition Solicitation.
Electricity Industry Trends + DELTa
Kate Strickland, Director, Research & Industry Strategy, SEPA
February 25, 2026
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Key National Electricity Industry Trends
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Recent Trends in U.S. Retail Electricity Prices
Source: Lawrence Berkeley National Laboratory, October 2025. Analysis of inflation-adjusted retail electricity prices, utility expenditures, and cost drivers across U.S. states from 2019–2024.
The Increasing Price of Electricity
| Kate Strickland - Director, Strategic Projects, Research & Industry Strategy for the Smart Electric Power Alliance (SEPA). Kate works across SEPA's research portfolio and with members and industry to identify key strategies and opportunities to advance a clean, affordable, and resilient energy system for all. Contact: kstrickland@sepapower.org |
| Dr. Steven Dahlke - Senior Economist at the Colorado Public Utilities Commission, where he serves as an expert witness on proceedings covering electric resource planning, electricity markets, prudence reviews, rate cases, and other investigations before the Commission. Contact: steven.dahlke@state.co.us |
| Andrew Holder - Director of Community Relations and Local Government Affairs in 2023. He has served as the Northern Colorado Area Manager for Xcel and in various project management positions, from advanced grid infrastructure to new project development. Contact: Andrew.P.Holder@xcelenergy.com |
Today’s Panel
DELTa
About DELTa
Partnership between SEPA & NC Clean Energy Technology Center
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Why Catalog Large-Load Tariffs?
Rates, contracts, and service rules may help utilities manage costs and reduce uncertainties. A shared point of reference highlights diverse, innovative options and key considerations.
Source: Database of Emerging Large-Load Tariffs (DELTa). Smart Electric Power Alliance (SEPA) and North Carolina Clean Energy Technology Center (NCCETC). https://sepapower.org/large-load-tariffs-database. Data as of November, 2025.
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DELTa Catalogs Emerging Principles
Seven Categories of Terms & Conditions
Links to Full Text
Source: Database of Emerging Large-Load Tariffs (DELTa). Smart Electric Power Alliance (SEPA) and North Carolina Clean Energy Technology Center (NCCETC). https://sepapower.org/large-load-tariffs-database.
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Costs to Serve & Customer Pricing
Examples from DELTa - November, 2025
Utility & Tariff | Notes |
Otter Tail Power Super Large General Service (Approved) |
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Arizona Public Service Extra High Load Factor (XHLF) Rate (Proposed/Pending) |
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Evergy Kansas Large Load Power Service (LLPS) Rate Plan and Associated Tariffs (Approved) |
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Georgia Power Rules and Regulations (Approved) |
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DELTA - Tariff Example
AEP Ohio - Schedule DCT (Data Center Tariff)
Tariff Element | Notes |
Data Center Customer with Minimum Demand (MW) | 25 MW |
Contract Term | 8 years + Up to 4-year Load Ramp Period
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Minimum Bill as a % of Contract Capacity | 85% |
Financial Assurance & Contributions |
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Customer Pays Utility Study Costs | Study Fees
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Contract Modification Provisions |
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Energy Transition Provisions | Not Specified |
Credit Rating/Collateral Requirement |
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Cost Allocation Practices |
Minimum demand requirements to ensure that investments in the system will be paid for by data center customers instead of other customers. |
Notice to Change/Exit Fees |
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The Increasing Price of Electricity
| Kate Strickland - Director, Strategic Projects, Research & Industry Strategy for the Smart Electric Power Alliance (SEPA). Kate works across SEPA's research portfolio and with members and industry to identify key strategies and opportunities to advance a clean, affordable, and resilient energy system for all. Contact: kstrickland@sepapower.org |
| Dr. Steven Dahlke - Senior Economist at the Colorado Public Utilities Commission, where he serves as an expert witness on proceedings covering electric resource planning, electricity markets, prudence reviews, rate cases, and other investigations before the Commission. Contact: steven.dahlke@state.co.us |
| Andrew Holder - Director of Community Relations and Local Government Affairs in 2023. He has served as the Northern Colorado Area Manager for Xcel and in various project management positions, from advanced grid infrastructure to new project development. Contact: Andrew.P.Holder@xcelenergy.com |
Today’s Panel