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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Restrict price charged for gas and electricity - British MPs
LONDON - MPs are calling for a cap on the price of gas and electricity amid fears consumers are being ripped off.
The Business, Energy and Industrial Strategy (BEIS) Select Committee says the Big Six energy companies have been overcharging for years.
MPs on the committee backed plans for a temporary absolute cap to fix what they called a "broken" energy market.
Labour's Rachel Reeves, who chairs the committee, said: "The energy market is broken. Energy is an essential good and yet millions of customers are ripped off for staying loyal to their energy provider.
"An energy price cap is now necessary and the…
