In November 2011, Xcel Energy requested the Colorado Public Utilities Commission (PUC) to grant them yet another rate increase. That’s the third rate increase in as many years, and amounts to a 20% total rate increase since 2007. While making record profits and having successfully shifted the risk of its investment decisions onto ratepayers, Xcel Energy is now asking for a 10.75% return on its investments.
In part due to the Colorado Office of Consumer Counsel’s opposition, the PUC denied Xcel Energy Inc.’s request for a $100 million interim rate hike in January. The Colorado Public Utilities is expected to rule on the full annual $141.9 million rate this summer.
Publicly regulated utilities have traditionally been safe and low yielding investments. But Xcel has gotten it all–and is asking for more.
Join us this Wednesday for an important presentation on what this means to you.
When and Where: Bill Levis will be presenting on Wednesday, February 29th from 6:30 to 8:00 pm at the Community Center at 2900 Downing Street. (map)
CO-FORCE, Coloradoans for Fair Rates and Clean Energy (www.co-force.org), is sponsoring a presentation by Bill Levis, entitled “What the OCC Does and Issues affecting your Utility Bill.” Bill is the Director of the OCC, which is charged with representing the interests of residential and small business utility ratepayers at the PUC. CO-FORCE has asked that Bill focus on the OCC’s response to Xcel’s Rate Case and Resource Plan, as well as any initiatives the OCC is undertaking.