Xcel seeks to raise Colo. rates for conservation | SummitDaily.com

Xcel seeks to raise Colo. rates for conservation

THE ASSOCIATED PRESS

DENVER ” Xcel Energy is looking to raise rates to recover about $3.8 million in costs for programs to cut customers’ energy use.

The Minneapolis-based utility says that if the Colorado Public Utilities Commission approves, the typical residential customer’s monthly bill would rise about 10 cents to $56.33 beginning July 1.

Over the next two years, Xcel aims to reduce natural gas use by more than 7.2 million therms, enough to serve an estimated 9,000 Colorado homes, and reduce electricity demand on its system by nearly 125 megawatts. Xcel estimates that one megawatt could serve 750 Colorado homes.

Spokesman Mark Stutz says, “If you can reduce demand on the system, that’s a power plant you don’t have to build.”