DENVER — Xcel Energy is asking Colorado regulators for permission to hike its natural gas base rate by 9.5% next winter and run its business more profitably.
The utility company, which has 1.5 million natural gas customers in the state, filed the rate increase request Monday with the Colorado Public Utilities Commission and says the increase will improve the business’s economic condition as it continues to invest in renewable energy expansion.
Xcel Energy Colorado, a business of Minneapolis-based Xcel Energy Inc. (Nasdaq: XEL), seeks to rate natural gas rates in November, adding $171 million to what its natural gas customers pay annually.
The rate increase would start applying to natural gas sold in November but wouldn’t start being billed to customers until February 2025, which is when a temporary rate increase covering the 2021 Winter Storm Uri natural gas expenses expires and customer charges are scheduled to decrease.
SUGGESTED VIDEOS: Investigations from 9Wants to Know
MORE WAYS TO GET 9NEWS
Subscribe to our daily 9NEWSLETTER
Download the 9NEWS APP
iTunes: http://on9news.tv/itunes
Google Play: http://on9news.tv/1lWnC5n
9NEWS+
9NEWS+ has multiple live daily shows including 9NEWS Mornings, Next with Kyle Clark and 9NEWS+ Daily, an original streaming program. 9NEWS+ is where you can watch live breaking news, weather updates, and press conferences. You can also replay recent newscasts and find videos on demand of our top stories, local politics, investigations and Colorado specific features.
To download 9NEWS+ on Roku search for KUSA.
To download 9NEWS+ on Fire TV search for 9NEWS.
