Member access

4-Traders Homepage  >  Shares  >  Nyse  >  Xcel Energy Inc    XEL   US98389B1008

XCEL ENERGY INC (XEL)

7
Delayed Quote. Delayed Nyse - 08/29 09:47:34 am
31.83 USD   -0.03%
1d ago XCEL ENERGY : files request for FERC declaratory order on Boulder electric ..
2d ago XCEL ENERGY : Other Events (form 8-K)
2d ago XCEL ENERGY : Declares Quarterly Dividend
SummaryQuotesChart AnalysisNewsCalendarCompanyFinancialsConsensusRevisions 

Xcel Energy Inc : Xcel Agrees To 3-Year Colorado Rate Plan

04/02/2012 | 06:18pm US/Eastern
Recommend:
0

Xcel Energy Inc. (XEL) reached a settlement in Colorado that will gradually phase in rate increases through 2014, potentially offering the multistate utility company more certainty about its future revenue.

In a settlement tied to its 2011 electric rate case, Xcel agreed to a plan that would raise base rates by $114 million over a three-year period. At the same time, the company said low natural gas prices and other reductions will likely keep overall electric rates below or very near what customers were charged in 2010 and 2011.

Incremental increases to base rates would still yield a cumulative impact of about 5.5% on the average customer's bill over the three-year period, Xcel said, before periodic adjustments for fuel costs or purchased power.

The settlement, negotiated with the staff of the Colorado Public Utilities Commission and other parties, still requires approval from the CPUC's three-member board.

Xcel, which provides service to customers in eight Western and Midwestern states, has reported mostly improving results from its regulated electricity markets have as rates increase.

The company still projected 2012 earnings at the low end of its previously forecast guidance after the CPUC denied its request for higher interim rates.

Colorado consumer counsel Bill Levis said the deal will smooth rate payers' bills over time while helping support Xcel's investments under the state's 2010 Clean Air Clean Jobs Act, which requires the utility to scale back much of its coal-fired generation capacity.

Xcel shares were recently off 3 cents at $26.55 after hours. The stock has climbed 10% over the past year.

-By Drew FitzGerald, Dow Jones Newswires; 212-416-2909; Andrew.FitzGerald@dowjones.com

Recommend :
0
React to this article
Latest news on XCEL ENERGY INC
1d ago XCEL ENERGY : files request for FERC declaratory order on Boulder electric utili..
2d ago XCEL ENERGY : Other Events (form 8-K)
2d ago XCEL ENERGY : Declares Quarterly Dividend
08/22 XCEL ENERGY : Declares Dividend on Common Stock
08/21 XCEL ENERGY : Other Events (form 8-K)
08/21 XCEL ENERGY : Board Declares Dividend on Common Stock
08/20 XCEL ENERGY : Board Declares Dividend on Common Stock
08/20 XCEL ENERGY : invests $30 million in Roswell upgrades
08/19 XCEL ENERGY : invests $30 million in Roswell upgrades
08/18 XCEL ENERGY : invests $30 million in Roswell upgrades
Advertisement
Chart
Duration : Period :
Xcel Energy Inc Technical Analysis Chart | XEL | US98389B1008 | 4-Traders
Income Statement Evolution
Xcel Energy Inc : Income Statement Evolution
More Financials
Dynamic quotes  
ON
| OFF