Colorado’s energy regulators are soliciting the public’s comments over Xcel Energy’s proposal to hike customers’ natural gas bills by $296 million over three years to pay for, among other things, programs to “strengthen the system” and fix distribution leaks.
Xcel is asking for the rate hike atop other recent gas and electric rate increases, including at least $2 billion to build up to 650 miles of new high-voltage power lines to serve remote windmills and solar farms, and $500 million in excess natural gas and electricity costs for the February 2021 winter storm Uri.
Colorado’s largest utility is also seeking the rate hike amidst skyrocketing inflation and soaring prices of commodities, notably fuel.
See the full article by Scott Weiser, August 11, 2022