Colorado OKs 5 percent Xcel rate increase
COLORADO - Colorado regulators have approved an electricity rate increase that will raise Xcel Energy residential customers' bills by about $2.94 a month starting July 1.
The state Public Utilities Commission said electric bills for Xcel's small-business customers will rise by about $4.42 a month.
The total rate increase is $112.2 million, or about 5 percent. Xcel had asked for $159.3 million.
Minneapolis-based Xcel is Colorado's largest electric utility with 1.4 million customers.
Earlier, Xcel proposed a $180.2 million rate increase to start January 1, on top of the increase that was approved.
Xcel says that request would increase typical monthly residential customer's bill by $4.98 and the typical small-business customer's bill by $5.40.
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Nunavut's electricity price hike explained
Nunavut - Ahead of the Nunavut government's approval of the general rate increase for the Qulliq Energy Corporation, many Nunavummiut wondered how the change would impact their electricity bills.
QEC's request for a 6.6-per-cent increase was approved by the government last week. The increase will be spread out over two years, with the first increase (3.3 per cent) effective May 1, 2018. The remaining 3.3 per cent will be applied on April 1, 2019.
Public housing units, however, are exempt from the government's increase altogether.
The power corporation also asked for a territory-wide rate, so every community would pay the same base rate…
