And they just asked for a rate hike
Xcel profits jump
DENVER - Xcel Energy's first quarter profit rose 25 percent compared to a year ago.
The Colorado Public Interest Research Group (COPIRG) says if Xcel is making that much money, it should reduce its rates.
State regulators say one quarter doesn't make a year and an analysis of the last year shows the utility's earnings are only up 6 - 8 percent.
The Public Utitilites Commission will review Xcel's earnings from Colorado business during the next rate hearing.
Xcel recently requested a raise in monthly electricity bills which would amount to an increase of $3.57 beginning Jan. 1.
DENVER - Xcel Energy's first quarter profit rose 25 percent compared to a year ago.
The Colorado Public Interest Research Group (COPIRG) says if Xcel is making that much money, it should reduce its rates.
State regulators say one quarter doesn't make a year and an analysis of the last year shows the utility's earnings are only up 6 - 8 percent.
The Public Utitilites Commission will review Xcel's earnings from Colorado business during the next rate hearing.
Xcel recently requested a raise in monthly electricity bills which would amount to an increase of $3.57 beginning Jan. 1.
posted by Big Daddy at
Friday, April 28, 2006
Denver
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