Xcel Energy's proposed rate increase may be on the chopping block after the State of Colorado's largest utility reaches an accord with the Office of Consumer Counsel.
Xcel spokesperson Tom Henley says a settlement has been reached but would not divulge any details because lawyers for both sides were still working on details. Xcel originally filed a request for a $34.5 million increase, which meant about a $24 per year hike for the average residential user.
The agreement will probably lower the amount Xcel asked for,
and will go to the Public Utilities Commission on December 20th. The P.U.C. will hold hearings on the request on January 3rd and 4th in Denver.
by: Mike Gooch
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