Xcel proposes 13 percent drop in utility bills
Xcel said it filed for the $89.4 million rate reduction on December 12, mostly because of lower natural gas costs. Colorado's largest utility also uses coal to produce electricity.
Xcel said the cut would mean a savings of $8.10 a month on the average bill of $53.08.
The unit price of natural gas used to calculate heating bills is also down about 3 percent this December compared to last December.
If the state Public Utilities Commission approves the electric proposal, the cut would take effect January 1. It would apply to bills through March 2009.
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This ruling appears likely to shield these companies from lawsuits that were filed against them in the aftermath of the blackout, leaving the families of those affected uncertain about where to seek justice.
In February 2021, a severe cold front swept over Texas, bringing extended periods of ice and snow. The…
