Posted inBusiness, Climate, Energy, News, Politics and Government

Xcel Energy cleared to collect $500 million from Coloradans for storm, but regulators say it can’t happen again

The Colorado Utilities Public Commission on Wednesday gave Xcel Energy the go-ahead to collect a half billion dollars from its customers to cover the spiraling costs of natural gas during a winter cold snap in 2021 — but the commissioners weren’t happy about it. The commission lopped an $8 million penalty off the $509 million […]

Posted inBusiness, Economy, Energy, Equity, News

Xcel Energy to raise residential electric bills by 6.4% in April, two more rate increases loom

The average electric bill for Xcel Energy’s residential customers will go up $5.24 a month — a 6.4% increase — starting in April under a $182 million rate hike approved Wednesday by the Colorado Public Utilities Commission. The PUC voted 3-0 to accept the increase, which was agreed upon in rate-case negotiations that included the […]