Xcel Energy seeks $45M rate increase — down from $312M — amid consumer outrage over rising bills
Jul 11, 2023
Xcel Energy filed a plan for a $312 million electricity rate increase last year, but as hearings on the bill hike open this week at the Colorado Public Utilities Commission the figure has been whittled down to $45 million.
The new rate proposal is the result of negotiations by Xcel Energy with more than a dozen parties — including state regulators, consumer advocates, major commercial and industrial customers and municipal governments.
