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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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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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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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