Xcel proposes 13 percent drop in utility bills
COLORADO - Xcel Energy is proposing a rate cut that would lower the average electric bill by about 13 percent.
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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Starved of electricity, Lebanon picks Dubai's ENOC to swap Iraqi fuel
BEIRUT - Lebanon's energy ministry said it had picked Dubai's ENOC in a tender to swap 84,000 tonnes of Iraqi high sulphur fuel oil with 30,000 tonnes of Grade B fuel oil and 33,000 tonnes of gasoil.
ENOC won the tender, part of a deal between the two countries that allows the cash-strapped Lebanese government to pay for 1 million tonnes of Iraqi heavy fuel oil a year in goods and services.
As Lebanon suffers what the World Bank has described as one of the deepest depressions of modern history, shortages of fuel this month have meant state-powered electricity has been available…
