Settlement reached on Xcel rate hike

6:35 PM, Apr 25, 2012   |    comments
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Utility executives told the Colorado Public Utilities Commission on Tuesday that the settlement with state regulators, consumer advocates and businesses requires Xcel to delay its right to pass construction costs on to ratepayers for new gas-fired power plants.

According to the Denver Post, the cost for the new plants will slowly begin to be added to energy bills in three years.

(Copyright 2012 by The Associated Press. All Rights Reserved.)