Coal plant delay means lower rate hike

COLORADO - Xcel Energy Inc.'s electric rates won't increase as much as expected in January because of a delay in the start of the utility's new coal-fired plant.

The Colorado Public Utilities Commission said that it approved a roughly $70 million rate increase, down from the previously granted $128.3 million.

Typical homeowners will see their monthly electric bills rise by $2.55 rather than the $4.43 under the higher rate. Small commercial customers' monthly bills will increase $3.66, compared with $6.72.

Xcel Energy's new unit at the Comanche power plant near Pueblo likely won't start up until at least February because of a leaky boiler. The Minneapolis-based utility can ask that the entire rate increase be restored once the plant starts operations.

Related News

Electricity Market Headed for a Reshuffle as Province Vows Overhaul

Electricity Market Headed for a Reshuffle as Province Vows Overhaul

ALBERTA - Alberta's electricity market is on the precipice of a significant transformation. The province, long reliant on fossil fuels for power generation, has committed to a major overhaul by 2027. This ambitious plan promises to shake up the current system, but industry players are wary of a lengthy period of uncertainty that could stifle much-needed investment in the sector.

The impetus for change stems from a confluence of factors. Soaring energy bills for consumers, coupled with concerns about Alberta's environmental footprint, have pressured the government to seek a more sustainable and cost-effective electricity system. The current market, heavily influenced…

READ MORE
lava spills near geothermal plant

Geothermal Power Plant In Hawaii Nearing Dangerous Meltdown?

READ MORE

saskpower building

Sask. Party pledges 10% rebate on SaskPower electricity bills

READ MORE

tesla charging station

South Australia rides renewables boom to become electricity exporter

READ MORE

Offshore wind

Offshore wind is set to become a $1 trillion business

READ MORE