Xcel Seeks $141.9M Hike In Colorado Electricity Rates

DENVER (AP) – Xcel Energy Inc. is asking Colorado regulators to approve a $141.9 million increase in electricity rates to help it cover costs for items ranging from higher taxes to cutting down beetle-infested trees that could fall on its power lines.

Xcel spokesman Mark Stutz says the request filed Tuesday would raise monthly electricity bills for typical residential customers by $4.01, or about 6 percent.

The utility wants the new rates to take effect Dec. 23, but the Colorado Public Utilities Commission could defer that so it can hold public hearings first.

Xcel plans to request that $100 million of the increase take effect in January on an interim basis, while regulators consider the full request.

The utility recently sought to reduce a separate rider on customers’ bills by $29.2 million.

(© Copyright 2011 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)

Comments

Leave a Reply

Please log in using one of these methods to post your comment:

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

More From CBS Denver

Enter To Win!
Weather App

Listen Live

AM/FM Stations

Featured Shows & Multimedia