Xcel Energy to raise residential electric bills by 6.4% in April

[eddiememphis]

https://coloradosun.com/2022/03/17/x...city-colorado/

"Although a 6.42% rate is troubling to me, I find the settlement is just and reasonable," Commissioner John Gavin said."

"Xcel Energy asked for a 10% return on investment and the settlement agreement reduced it to 9.3%."

"In addition to the electricity rate increase Xcel Energy also is asking for a temporary rate increase to recoup $550 million in extra electric and natural gas costs incurred by as a result of a severe winter storm in February 2021, which led to a spike in natural gas prices."

"The company, the state's largest utility with more than 3 million electricity and natural gas customers, has also filed an overall natural gas rate case, seeking an $8.14 increase in the average bill over three years."

Good thing inflation is low and there is an abundance of domestically produced natural gas.