Save this content for laterSave this content on your device for later, even while offline Sign in with FacebookSign in with your Facebook account Close

Xcel proposes $45.7 million credit for Colorado

By: Associated Press
April 30, 2014 Updated: April 30, 2014 at 3:26 pm
0

DENVER — Xcel is proposing a $45.7 million credit for its Colorado electricity customers, citing lower than expected cost increases and higher customer growth.

In a news release Wednesday, Minneapolis-based Xcel said it was proposing to Colorado's utilities regulator that the credit be in effect for a year beginning Aug. 1. It says customers in Colorado would see a 1.5 percent reduction in bills, or about $1.17 a month for typical residential customers and $2.33 for typical small-business customers.

A three-year electric rate plan approved by regulators in 2012 had envisioned rate increases in 2012, 2013 and 2014, but also provided for refunds like the one announced Wednesday if warranted.

Xcel nonetheless says it expects to request rate increases for 2015 and beyond.

Comment Policy
Register to the Colorado Springs Gazette
Register to the Colorado Springs Gazette
Subscribe to the Colorado Springs Gazette

It appears that you value local journalism. Thank you.

Subscribe today for unlimited digital access with 50% fewer ads for a faster browsing experience.

Already a Subscriber? LOGIN HERE

Subscribe to the Colorado Springs Gazette

It appears that you value local journalism. Thank you.

Subscribe today for unlimited digital access with 50% fewer ads for a faster browsing experience.

Subscribe to the Colorado Springs Gazette

Some news is free.
Exceptional journalism takes time, effort and your support.

Already a Subscriber? LOGIN HERE

articles remaining
×
Thank you for your interest in local journalism.
Gain unlimited access, 50% fewer ads and a faster browsing experience.