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PowerGab Examines the Cost of Energy Mandates as Xcel Seeks Massive Rate Hike
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Complete Colorado, Approved, State

PowerGab 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 red...
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Xcel Customers Face Largest Electric Rate Hike In Colorado History
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The Colorado Sun, Approved, State

Xcel Customers Face Largest Electric Rate Hike In Colorado History

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...
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What’s Likely to Change at Colorado’s Public Utilities Commission
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Colorado Accountability Project, Approved, Commentary, State

What’s Likely to Change at Colorado’s Public Utilities Commission

By Cory Gaines | Commentary, Colorado Accountability Project Likely changes to the Public Utilities Commission As I write this, the ultimate fate of the Public Utilities Commission sunset bill, HB26-1326 (the first link below), is unknown. I think that its becoming law is solid enough that we can wrap up what changes to this important unelected body we will see. Toward that end, I present you a couple of references which make a decent attempt at hitting endpoints on the ideological spectrum. Link 2 is a wrap up report by the Independence Institute’s energy policy writer Sarah Montalbano. Link 3 is to a contemporaneous article by the Colorado Sun’s Mark Jaffe. I’ll leave it to you to read through either or, what’s better, both. There are some things that stuck out t...
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Colorado Bill Could Lock Xcel Customers Into Decades Of Power Plant Costs
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The Denver Gazette, Approved, State

Colorado Bill Could Lock Xcel Customers Into Decades Of Power Plant Costs

By Scott Weiser | The Denver Gazette State regulators would gain expanded power to order Xcel Energy to finance major costs for its chronically troubled Comanche 3 coal plant through bonds backed by a decades-long charge on every customer’s monthly electric bill. House Bill 26-1326, the Colorado Public Utilities Commission sunset bill that cleared its first committee on April 23, would let the PUC direct investor-owned utilities to use securitization under 2019’s Colorado Energy Impact Bond Act. The measure continues the PUC through 2037 while expanding its authority beyond voluntary utility applications. Securitization allows a utility to issue bonds backed by a decades-long charge on ratepayer bills. The charge stays on every bill, with periodic adjustments, only unt...
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Two visions of Colorado’s energy future collide in committee hearing
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Rocky Mountain Voice, State, Top Stories

Two visions of Colorado’s energy future collide in committee hearing

By Jen Schumann | Rocky Mountain Voice Xcel shut off power Saturday afternoon in parts of Boulder and Jefferson counties—roughly 18,000 customers in all. The wind was up, fire danger was high, and outages weren’t limited to the shutoff areas—some hit in the foothills, others farther into the mountains, where crews were still working Sunday. House Bill 26-1246 had come up earlier in the week during a committee hearing. Rep. Ken DeGraaf pointed to those kinds of events as a warning. “Public safety power shutoffs… have become increasingly normalized,” he told lawmakers. What followed wasn’t just a debate over one bill. It was a clash between two different ways of thinking about how Colorado should power its future. At its core, the disagreement comes down to this: should...
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