By Mark Jaffe | The Colorado Sun
The state Public Utilities Commission cut Xcel Energy’s original rate hike request but the utility could ask for a rehearing.
Xcel Energy received approval from the Colorado Public Utilities Commission on Wednesday for a $157 million electricity rate increase that will raise the average residential bill by about $5 a month.
The average residential bill for 601 kilowatt hours will rise to $109.92 a month from $104.91. When Xcel Energy originally filed the rate request in 2025 it said the average monthly bill was about $100.
The average bill for small commercial customers will rise a little less than 5% to $164.37 a month for 1,041 kilowatt-hours.
The parties to the rate case, including Xcel Energy, the state Office of the Utility Consumer Advocate and major business customers have the option to ask for a PUC rehearing and reconsideration of the decision.
The utility initially sought a $365 million increase, which utility advocates said would have been the largest in history.
READ THE FULL ARTICLE AT THE COLORADO SUN