Xcel Energy is seeking a $312 million increase in revenue in an electric rate case, but the state agency that represents the public wants regulators to instead cut the utility’s revenue by $26.6 million
The PUC has scheduled a meeting May 31 to take public comments on Xcel Energy’s proposed revenue increase.
In filed testimony, Chris Neil, a financial analyst with the consumer advocate’s office, said allowing Xcel Energy “to recover these substantially higher than estimated costs from its customers adversely affects affordability in its customer rates.” Xcel Energy spokesman Kevin Coss said in an email Thursday that the company is committed “to providing the safe, clean, reliable, and affordable energy our customers depend on, while aggressively moving forward with the investments needed to meet Colorado’s energy goals.”
Coss declined to comment on the consumer advocate’s testimony before Xcel files its response with the PUC.
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