Tag: ArapaHOPE Community Team

The Colorado Public Utilities Commission late Friday afternoon approved a $128.3 million increase in Xcel Energy electric rates that will go into effect Jan. 1. The Minnesota-based, investor-owned utility – Colorado’s largest power supplier – had originally sought a $180 million increase, which was whittled down to nearly $136 million in a settlement with two consumer groups.

Consumer advocates who want the Colorado Public Utilities Commission to establish a firm policy cracking down on Xcel Energy charging ratepayers for lavish board retreats and travel and entertainment expenses likely won’t get their wish anytime soon, according to a commission spokesman.

With Xcel Energy on pace to disconnect power to some 70,000 Coloradans this year for nonpayment, energy activists are openly questioning why ratepayers should pick up the tab for lavish executive board-member dinners, hotel and spa retreats and luxury box tickets to professional sports games.