EXHIBIT 23.03

INDEPENDENT AUDITORS' CONSENT

We consent to the incorporation by reference in Registration Statement No.
333-81791 on Form S-3; Registration Statement No. 333-104504 on Form S-3; and
Registration Statement No. 333-106011 on Form S-4 of our report dated February
27, 2004 (which expresses an unqualified opinion based upon our audits and
includes an emphasis of a matter paragraph related to the adoption of Statement
of Financial Accounting Standards (SFAS) No. 143, "Accounting for Asset
Retirement Obligations," effective January 1, 2003 and Derivatives
Implementation Group Issue No. C20, "Scope Exceptions: Interpretation of the
Meaning of Not Clearly and Closely Related in Paragraph 10-(b) Regarding
Contracts with a Price Adjustment Feature" effective October 1, 2003), appearing
in this Annual Report on Form 10-K of Public Service Company of Colorado for the
year ended December 31, 2003.

/S/ DELOITTE & TOUCHE LLP
Denver, Colorado
March 16, 2004