The utility’s 1.6 million Colorado customers will see their bills rise 4.4% — about $4 on the average residential bill — on Sept. 1
Office of the Utility Consumer Advocate
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Xcel Energy seeks $45M rate increase — down from $312M — amid consumer outrage over rising bills
The state’s largest utility slashed its request by 85%, but consumer advocates are troubled Xcel wants to tack shareholder returns, lawyer fees, employee bonuses onto customer bills
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Xcel Energy makes money building power plants. The more it builds the more consumers have to pay — with no end in sight.
While the strategy delivers returns to investors, a cascade of rate increases could lead to “a public backlash” a credit agency warns.
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4 Colorado electric co-ops want repayment after Xcel Energy allegedly mishandled gas supply during a deep freeze
Xcel appears to have directed its own natural gas supply to meet reserve requirements rather than generate power during 2021 storm. “It’s like someone is knocking on your door to pay a credit card bill and you are putting the money in savings.”
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Xcel’s $32M plan for Sloan Lake area ignites debate over Colorado’s energy future
Critics say Xcel Energy’s push to supply natural gas to 6,800 new customers in Denver, Edgewater and Lakewood runs afoul of Denver’s plans to reduce natural gas consumption
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Xcel Energy will hike its gas rate for a third time this year in Colorado
Xcel Energy was OK’d to increase natural gas bills for the third time this year. Consumer advocates say it could have been worse.
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Xcel Energy’s ability to meet next summer’s electricity demand hangs on two Pueblo solar projects
The transition from fossil-fuel generated electricity to renewables is proving tricky for Colorado’s largest utility.
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December natural gas bills will jump 54% as Xcel passes a stack of price hikes on to Colorado customers
Colorado’s largest utility is passing on price hikes that will raise the average natural gas bill to $177 from $115
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 […]