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Colorado Customers Push Back as Xcel Seeks Another Rate Increase
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DENVER7, Approved, State

Colorado Customers Push Back as Xcel Seeks Another Rate Increase

By Allie Jennerjahn | Denver7 Denver7's Jefferson County reporter Allie Jennerjahn has more on Xcel Energy's proposed rate increase to $166 million, which customers say is making their bills already unmanageable. DENVER — Colorado residents are pushing back on Xcel Energy's latest request for a rate increase, with some telling Denver7 their electric bills are already stretching household budgets to the breaking point — especially during a stretch of intense summer heat. Xcel Energy proposed a $225 million rate increase that would have raised customers' monthly electric bills by about 6%. Last week, the Public Utilities Commission (PUC) reduced that request to closer to $185 million. "A technical conference where Xcel will calculate the impact of the Commission...
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Colorado Consumers Push Back Against Xcel Rate Hike Proposal
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CPR News, Approved, State

Colorado Consumers Push Back Against Xcel Rate Hike Proposal

By: Ishan Thakore | CPR News Xcel Energy’s proposed deal to raise average residential energy bills by nearly 6% is running into a wall of opposition from Colorado consumer and environmental groups.  The proposed residential rate increase would be among the largest ever in the state, according to the Colorado Office of the Utility Consumer Advocate (UCA), which advocates for customers and is opposed to the deal. In November, the state’s largest utility petitioned state regulators at the Public Utilities Commission to let it increase how much it charges for electricity. Xcel hadn’t requested a major price hike to its customer base rates since 2022. Last year, the company said it needed to recoup around $356 million it spent to build new renewab...
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New state law underpins Xcel’s $4.9B grid plan: Bills projected to rise
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denvergazette.com, Approved, State

New state law underpins Xcel’s $4.9B grid plan: Bills projected to rise

By Scott Weiser | Denver Gazette $8.71 per month estimated cost for residential ratepayers Colorado's largest utility company is proposing a $4.9 billion plan to modernize the power grid, accommodating vehicle and building electrification, as well as distributed electric generation and storage. The goal, Xcel Energy added, includes enhancing reliability, resiliency, and safety benefits, as required by a recently adopted state law. The five-year plan is expected to cost Colorado residential ratepayers approximately $8.71 more per month, while business customers will pay about $10.24 more per month by 2029. The grid modernization plan includes adding 3.1 gigawatts of new capacity to the distribution system, which the company said would be enough to serve nearly 500,000 ho...
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