Colorado Says No to Xcel Energy!
January 11, 2012 at 5:36 PM 1 comment
Wow, this is great news. For once the Colorado Public Utilities Commission shows some balls. I think this is the first time they’ve ever said no to Xcel:
Colorado regulators have denied Xcel Energy.’s request for a $100 million interim electricity-rate hike while regulators review its request for a $141.9 million increase, which would raise the average residential monthly electric bill by about 6 percent.
Xcel in November requested a $141.9 million increase, starting Dec. 23. But since it could be summer before there’s a decision on the request, Xcel asked for the interim hike. The Public Utilities Commission rejected the request Wednesday, saying the company failed to show it would be adversely impacted by maintaining current rates while the commission reviews the $141.9 million request.
Can you imagine? Xcel asked for a rate increase but they didn’t want to wait for the process to play itself out via the Public Utilities Commission, so they asked the Commission to approve an interim hike while it mulled the permanent one.
Geezus. Are these guys coddled or what?
Entry filed under: Corporatocracy, Energy. Tags: colorado public utilities commission, electricity rate, xcel energy.
1. Xcel’s rejected ‘interim’ rate hike reflects on state’s PUC as well as on utility’s gall « Occupy Xcel | January 16, 2012 at 2:25 AM
[...] A Colorado blogger zeroed in on that reality the other day by expressing shock at the ruling. We added the boldfaced italics: “Wow, this is great news. For once the Colorado Public Utilities Commission shows some balls. I think this is the first time they’ve ever said no to Xcel… [...]