XCEL is requesting a $142 MILLION increase this year, but will have to settle for $114 MILLION according to the Denver Post:
Xcel Energy has struck an agreement with regulators, consumer advocates and businesses that would raise electricity rates in Colorado $114 million over three years.
The utility had originally sought a $142 million increase for 2012.
The settlement, which must be approved by the Colorado Public Utilities Commission, would raise the typical residential bill, in three steps, by a total of $3.70 a month or about 5.5 percent.
The original request would have raised the average monthly residential bill by $4, to $71.
Read more:Xcel reaches $114 million electric rate-hike deal with Colorado regulators - The Denver Posthttp://www.denverpost.com/breakingnews/ci_20309397/xcel-reaches-114-million-electric-rate-hike-deal#ixzz1qzrISi2A
How will the increase affect your family budget?
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