PowerGrab Examines the Cost of Energy Mandates as Xcel Seeks Massive Rate Hike

By: Mike Krause | Complete Colorado

In a recent episode of Independence Institute’s* PowerGab energy podcast, hosts Amy Cooke and Jake Fogleman look at Xcel Energy’s request for a massive electricity price hike in Colorado (originally $355 million, now pared down to roughly $245 million). The duo zero in on why utility bills keep rising, and how decisions made years ago are now hitting ratepayers hard.

Cooke argues that rate hikes are “lagging indicators,” the result of layers of policy choices, regulatory approvals, and energy mandates dating back more than a decade. She points specifically to the Colorado Energy Plan and the decision to accelerate retirement of coal-fired power plants, with the Public Utilities Commission (PUC) prioritizing emissions reductions over affordability.

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