Colorado OKs 5 percent Xcel rate increase

subscribe

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.

Related News

taiwan power outage

Taiwan's economic minister resigns over widespread power outage

TAIPEI - Taiwan's economic minister resigned after power was knocked out in many parts of Taiwan, including capital Taipei's business and high-end shopping district, due to an apparent "human error" at a key power plant.

Economic Affairs minister Lee Chih-kung tendered his resignation verbally to Premier Lin Chuan, United Daily News reported, citing a Cabinet spokesman. Lin accepted the resignation, the spokesman said according to the daily.

As many as 6.68 million households and commercial units saw their power supply cut or disrupted on Tuesday after "human error" disrupted natural gas supply at a power plant in northern Taiwan's Taoyuan, the semi-official Central News Agency reported, citing the government-controlled…

READ MORE

Report: Solar ITC Extension Would Be ‘Devastating’ for US Wind Market

READ MORE

Sara Hastings-Simon

Could selling renewable energy be Alberta's next big thing?

READ MORE

alberta wind power

'Transformative change': Wind-generated electricity starting to outpace coal in Alberta

READ MORE

power lines

Typical Ontario electricity bill set to increase nearly 2% as fixed pricing ends

READ MORE