Xcel proposing a 158 million dollar increase in CO

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GRAND JUNCTION– Xcel Energy is proposing a 158-million-dollar rate increase in Colorado.

The increase for residents would add up to on average about $4.46 more per month.

The Public Utilities Commission of Colorado is holding public hearings across the state to hear from community members and organizations before they decide whether to approve Xcel’s proposed rate increase.

According to a spokesperson from Xcel, the revenue from an increased rate would contribute to the utility company’s investment in technology to handle Colorado’s rapidly growing population, as well as aid in wildfire prevention and mitigation.

Following a public hearing Thursday night, one politician representing the Western Slope mentioned another rate increase, which has been around for years.

The Public Utilities Commission will make a ruling on Xcel’s proposed rate increase in early 2020.

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