May 21, 2022

Rocky Daily News

Colorado Politics-Sports-Business-Weather

Xcel can recover $509 million from consumers for Feb. 2021 storm

1 min read

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Xcel can recover $509 million from customers in coming months’ bills to pay for surging natural gas costs during the southwestern freeze in February 2021, an administrative law judge ruled this week, despite finding the utility should have warned consumers to cut usage and save money during the storm.

The Colorado Office of Utility Consumer Advocate will file another round of objections before the Public Utilities Commission takes a final vote on the recovery plan, but is not optimistic the PUC will make significant changes to the award. 

Xcel said Thursday the impact for the average residential customer will be about $5.67 per month for natural gas, or an 11% boost; and $1.43 per month, a 2% increase, for electricity. The gas surcharge will run for 30 months, and the electricity…

Michael Booth

2022-05-13 04:22:00

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