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Xcel Wants To Raise Rates
Company Says It Needs $61.5 Million
POSTED: 4:23 pm MDT March 16, 2009
UPDATED: 5:06 pm MDT March 16, 2009
DENVER -- Excel Energy filed to raise electricity rates in Colorado Monday.In a news release, the company said it will ask for $14.6 million or about 2.6 percent for residential and small-business customers.If approved, the increase would raise rates for customers using 625 kilowat-hours a month by $1.43 to $56.23 a month. A typical small business customer using 1,025 kilowat-hours would see an increase of $2.33.
Xcel said while fuel prices have decreased by about 44 percent, the company needs to fill a $61.5 million gap from last quarter.
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Previous Stories:
- January 15, 2009: Xcel Proposes Rate Increase To Study Renewable Energy
- December 12, 2008: Xcel Proposes 13 Percent Drop In Electric Bills
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