Dive Summary:

• Xcel Energy has requested a rate increase of 7.3 percent to help fund the cost of ongoing generation and delivery projects in Texas and New Mexico.
• The increase would boost revenue for the utility by $90.2 million per year and would also go toward upgrades to transmission lines and the modernization of distribution systems.
• The proposal was sent to 79 Texas towns and cities as well as the Public Utility Commission of Texas; a decision is expected soon.

From the article:

Xcel Energy is asking Texas customers to pay an average $6.61 more per month on their electric bills to help fund the cost of ongoing generation and delivery projects in Texas and New Mexico.

A proposal presented Thursday to the 79 Texas towns and cities served by the company, and to the Public Utility Commission of Texas, seeks to boost revenue by $90.2 million per year, said Wes Reeves, a spokesman for Xcel. The increase would not affect wholesale customers, including the city of Lubbock, that purchase electricity from Xcel through a purchase power agreement set to expire in 2019. ...