Hearing today for Xcel's rate increase proposal

By: Associated Press Email
By: Associated Press Email

A public hearing is scheduled in Denver today on Xcel Energy's request for an increase in electricity rates.

The utility wants to raise rates to recover some of its costs for a coal plant, two natural gas plants, power lines and other equipment.

It initially sought to raise rates to recover about $159 million, but after negotiations with state regulators, Xcel is now seeking to recover about just over $112 million.

Xcel Energy's new proposal would raise rates for typical residential customers by about $2.94 a month and small businesses by $4.42 per month.

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