Critics have denounced Xcel Energy for continuing to seek higher rates while the company’s profits keep climbing. Federal records show that Xcel Energy made $660 million in profits in Colorado in 2021, up from $588 million in 2020 and $578 million in 2019.
Xcel Energy is headquartered in Minneapolis and operates in eight states.
Ratepayers report bills double or more from the same time a year ago.. Xcel Energy-Colorado will ask for another natural gas increase in 2023..
https://www.greeleytribune.com/2022/12/18/colorado-xcel-high-utility-bills-natural-gas-electric/
With the appointment of former state legislator Tom Plant (D-Boulder) to Colorado’s Public Utilities Commission .. Jared Polis continues the tradition of ideological vanity appointments as the PUC continues its progression toward rubber stamping Colorado’s forced conversion to 100 percent unreliable energy sources and higher energy bills.
Colorado’s PUC is no longer a serious agency, but it maintains serious authority determining just and reasonable rates. ... ~ Amy Oliver Cooke
Does Xcel control rates on the western slope?