Free Republic

Xcel appears to have directed its own natural gas supply to meet reserve requirements rather than generate power during 2021 storm. ... Four Colorado electric cooperatives that buy wholesale power from Xcel Energy have filed a complaint with federal regulators contending the state’s largest electricity provider mismanaged its natural gas supplies during a severe 2021 winter storm. The co-ops maintain that Xcel Energy was “imprudent” by failing to follow its own supply plans leading to the utility having to buy high-priced gas on the spot market during Winter Storm Uri in February 2021. The four — Core Electric Cooperative, Holy...

Consumer gas bills will go up 2.9% in November under an Xcel rate increase ... Adding utility rate increases one on top of another is called “pancaking” and Wednesday Colorado regulators tossed another flapjack on the stack, granting Xcel Energy a $64.2 million increase in gas rates. The increase in the basic rate follows increases in gas rates for rising fuel prices this year and to cover $500 million in costs due to a winter cold snap in 2021 that sent fuel prices soaring. The rate hike granted by the Colorado Public Utilities Commission will increase the average residential bill...

Xcel Energy-Colorado has filed a request for a new electric rate increase, which follows a recently approved natural gas rate hike and a $182.2 million jump in revenue for electric service that took effect in April. The request submitted to regulators Wednesday proposed a $312.2 million revenue increase. ... Critics of Xcel’s recent rate cases have accused the utility of “a pancaking” of increases. The PUC approved a $64.2 million rise in the utility’s natural gas rates in October. Regulators slashed the utility’s original proposal by $138 million. ... If the increase is approved, the typical residential bill would rise...