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admin 16.07.2014

Xcel Energy has announced an official rate increase for Amarillo and the rest of Texas customers.  The price hike will take effect October 1st, 2014, so mentally prepare yourself to start seeing a bigger electric bill. Sign up to get exclusive access to VIP events, contests, coupons, giveaways, presales and much more!
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Use your own words (don't copy and paste from elsewhere), be honest and don't pretend to be someone (or something) you're not. In its regulatory filing, Xcel Energy said capital investment in transmission, distribution and generation of electricity - along with increases in normal business costs - are behind the request. Xcel Energy applied for an interim rate hike of 5.5 percent in January, followed by smaller increase in January 2017. The Star Tribune reports the three-year rate hike option was made possible by a 2015 change in state law that Xcel Energy supported. Public Service astonishingly forecast that Colorado's population would decline by a quarter million residents during the covered period, arguing sluggish economic growth following the 2008 recession would drive out-migration. An additional increase in 2016 and 2017, in the form of a bill rider, would add an additional $1.06 per month.
By 2018, the proposal would result in $132 more in annual payments for the typical residential customer.
5, 2009, it was standing room only as the Public Utilities Commission held a public hearing regarding a proposed rate increase by Xcel Energy.


This let the company lower its forecast for its firm obligation load (demand for electricity).
Xcel Energy data shows that similar facilities statewide used 200 million kilowatt hours of electricity in 2014. But he said Tuesday that he's more worried about the ongoing higher costs of generating power with natural gas, compared with coal.Gas is relatively cheap now, he said, "but I can't forget what commodity prices were like only six years ago. The company says this will give it a jump on the carbon reduction mandates coming down from the federal government.
Xcel plans to ask state regulators to approve its new Energy Resource Plan (ERP) and allow it to change its fuel mix and build new facilities to implement the plan. This news should cause Coloradans to guard their wallets and keep an eye on their utility bills.Consider how this dance went the last time Xcel filed an ERP.
But what happens when population and demand actually increase, as every reasonable observer knew they would?
The latest Xcel Energy data show cannabis grow facilities statewide, the bulk of which are in Denver, used as much as 200 million kilowatt hours of electricity in 2014, utility officials said. City officials said 354 grow facilities in Denver used about 121 million kwh in 2013, up from 86 million kwh at 351 facilities in 2012.
And because adding new supply is a slow and expensive proposition, they don't go back down. But forecasts are only as good as the assumptions and modeling they are based on, and a lot of strange calculating went into the proposal. But as we do that, we'd like to save energy," city sustainability strategist Sonrisa Lucero said. Despite decreasing coal and natural gas prices, Colorado's average retail price of residential electricity has risen 63 percent over the past 15 years.


She and other Denver officials joined 30 business energy services and efficiency leaders seeking U.S.
Consumers' electricity bills really shouldn't be higher when the fuel that supplies them is getting cheaper. Energy Undersecretary Franklin Orr said feds will promote best practices and provide technical help through an Office of Technology Transitions."It's a big issue for us," Lucero told Orr. The laws governing its operations and costs allow it to recover a higher return from building new facilities (capital expenditures) than from providing its customers with the power we rely on to live (operations). No wonder Xcel's CEO described the current situation to shareholders as "an investment opportunity."Travis Kavulla, president of the National Association of Regulatory Utility Commissioners, acknowledges the game is rigged.
In his Wall Street Journal columnm "How Utilities Team Up With Greens Against Consumers," he specifically mentions Colorado.
The new game is this: The EPA announced new restrictions on carbon emissions that would shut down or re-engineer most of our energy production as we know it. Rather, they are a reinterpretation of environmental laws from the 1970s.When 26 states plus a slew of organizations joined a lawsuit to challenge the EPA's action, the Supreme Court found the EPA's rules so unjustified and overreaching that it issued a stay on government enforcement until the rules could be reviewed in court. And Xcel should not be authorized to impose these new costs on consumers before the new mandates and policies are vetted and litigated.
She wrote this on behalf of the Independence Institute, a free-market think tank in Denver.



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