By Mark Jaffe | The Colorado Sun
The $225 million increase would raise the average residential bill by $6.13, but the proposed rate needs PUC approval and consumer advocates oppose it.
Xcel Energy, its corporate customers and unions are at odds with consumer advocates over a proposed settlement that would grant the utility the largest electric rate increase ever — $225 million.
The proposed agreement between Xcel Energy and parties including the Colorado Public Utilities Commission staff, the International Brotherhood of Electric Workers, Walmart and Climax Molybdenum would raise the average household bill by $6.13 to $110.81 a month — a nearly 6% increase.
Colorado Energy Consumers, which represents large industrial and commercial customers, also signed on to the agreement.
The settlement, submitted to the PUC Monday, is opposed by the Colorado Office of Utility Consumer Advocate, or UCA; the city of Boulder; AARP Colorado, representing people over 50; and Energy Outreach Colorado, which provides aid to low-income families.
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