Xcel Energy customers voice opposition as Public Utilities Commission weighs $45 million electric rate hike

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Xcel Energy customers are sweating the possibility of another rate hike. They're making their opposition known to the PUC as the agency considers a $45 million electric rate increase. via JessicaDenver7

DENVER — Xcel Energy customers are sweating the possibility of another rate hike. They're making their opposition known to the Public Utilities Commission as the agency considers a $45 million electric rate increase.

Xcel originally filed for a $312 million increase to pay for investments in transmission projects and its commitment to meet Colorado greenhouse gas emissions goals. After negotiations with state regulators and consumer advocates, the company dropped the increase to $45 million.While CO bills rise, Xcel top executives take home millions in bonuses each year Jennifer Kovaleski 9:00 PM, Mar 12, 2023 Customers say an increase after Xcel Energy reported $1.

“When you add up the rate increase year over year, the impact is significant,” Sara Schueneman with AARP said.Xcel Energy, utility leaders face Colorado lawmakers' questions on rising rates Jeff Anastasio 7:18 AM, Mar 14, 2023 Negotiations around the current proposal began last year before Xcel’s natural gas rates nearly doubled.

 

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