Electricity bills in 2010 might go up $5 a month

Xcel Energy is proposing a rate increase for electricity next year that would raise the typical residential electric bill approximately $5 per month.

Xcel filed the proposal with the Colorado Public Utilities Commission last week.

It said it needs to raise the rate to cover the cost of continued investment in generation and utility operations in the state. The increase would net approximately $180.2 million more than the previous base electric rate would have generated, Xcel said in a news release.

Xcel said it expects typical residential customers’ electricity bills will average $69.57 per month in
2010, up $4.98 from this year’s anticipated average.

Meanwhile, Xcel expects small businesses will see an increase of $5.40 per month to average $116.65 a month in 2010.


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