Xcel can increase rates to recoup ice storm costs – Denver, Colorado

Denver, Colorado 2022-05-15 11:16:45 –

Denver — Administrative Law Judge’s Judgment In Colorado Xcel Energy Temporary charges can be added to Colorado customers. This fee will help absorb the $ 509 million cost from the historic storm in Texas and the national cold wave of February 2021.

The ruling is not final, but voting for the Colorado Public Utility Commission to allow an additional monthly fee (known by the company as a temporary gas cost recovery rider) for up to 30 months. Is recommended.

“Basically, I was shocked,” said Brian Treacy, a customer of Xcel in Westminster. “I’ve never seen an incident like this. I’ve seen rates go up, but nothing pays for the cold freeze shortfall I’ve been preparing to pay for a year, but in another state it does. Not. “

This isn’t the first time Coloradans has been asked to bear the increased energy costs since last year’s Coldsnap. Last April, Multiple customers of other utilities I contacted Denver7 and reported an invoice that was hundreds of dollars and even thousands of dollars higher than usual. Under this temporary rider of Xcel Energy, the rate increase is not that high. Still, Tracy said she was angry.

“We’re in cold weather here and we’re ready to pay for it, but not because someone else isn’t in cold weather,” Treacy mentions the Texas grid obstacles during the ice storm. And said.

Governor Jared Polis criticized the judge’s decision In the statement“The balance of their economic losses behind consumers when utilities can avoid extra costs with better early warning systems for customers to voluntarily reduce their energy usage,” he said. I’m disappointed to be able to take. ” He asked the Public Utility Commission to establish a specific usage reduction plan to avoid “special charges for future events”.

Colorado’s Public Utility Consumer Advocacy Department will appeal this decision.

Xcel can increase rates to recoup ice storm costs Source link Xcel can increase rates to recoup ice storm costs

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