Dive Summary:
- Xcel Energy Inc. has filed an application with the Public Utility Commission of Texas seeking a 7.3 percent rate increase that will add $90.2 million in revenue per year.
- For residential customers using 1,000 kilowatt-hours per month, the increase would average $6.61 per month.
- Xcel has customers in 79 Texas towns and the increase would allow the company to "invest wisely to modernize and upgrade our system to meet" the economic growth of the Texas Panhandle, according to Xcel's Riley Hill.
From the article:
Xcel Energy Inc., which is engaged in the electric and natural gas business, has filed an application with the Public Utility Commission of Texas, or PUCT, in seeking a base rate increase for Texas retail customers to support the cost of generating and delivering energy.
The proposal presented to the 79 Texas towns and cities served by the company, and to the Public Utility Commission of Texas (PUCT), seek to boost revenue by $90.2 million per year. Impacts on each customer class vary, but for residential customers using 1,000 kilowatt-hours per month, the increase would average $6.61 per month, or 7.3 percent, with fuel costs factored in. For all customer classes combined, the total increase is 12 percent accounting for base rates and fuel costs. ...
