Xcel seeks rate increase for natural gas
Xcel Energy is proposing a rate increase in which natural gas customers can expect to pay 12 to 14 percent more during the second quarter of 2011 compared with the same three months last year.
If the Colorado Public Utilities Commissions approves the increase, which is based on a 26 percent rise in the commodity rate, the average residential natural gas customer can expect to pay about $3 more on natural gas bills during the second quarter. The average small business owner can expect to pay about $16 more versus the same months last year.
Xcel also announced the commodity rate of electricity has risen 18 percent.
That means the average residential customer can expect to pay about $3 more on electricity bills during the second quarter of 2011 compared with this year’s first quarter. An average small business owner can expect to see about a $6 increase in electric bills.
With PUC approval, the rates will go into effect April 1 and run through the end of June.