Member access

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

XCEL ENERGY INC (XEL)

7
SummaryQuotesChart AnalysisNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 

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

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

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

React to this article
Latest news on XCEL ENERGY INC
01/23 XCEL ENERGY : Other Events (form 8-K)
01/20 XCEL ENERGY : BRIEF: Northbound Oak Street to close through week
01/16 XCEL ENERGY : On Boulder's path to utility, post-ruling options carry risk
01/15 XCEL ENERGY : SunShare to develop community solar gardens in Minnesota
01/15 XCEL ENERGY : to build $52 M transmission line
01/14 XCEL ENERGY : Judge rules Boulder must go to PUC before seeking Xcel's assets
01/14 XCEL ENERGY : Gains Approval for $53 Million Project
01/14 XCEL ENERGY : SunShare and Mortenson Announce Strategic Agreement to Develop and..
01/14 XCEL ENERGY : offers encouraging plan for clean energy
01/14 XCEL ENERGY : EDITORIAL: Xcel offers encouraging plan for clean energy
Advertisement
Chart
Duration : Period :
Xcel Energy Inc Technical Analysis Chart | XEL | US98389B1008 | 4-Traders
Income Statement Evolution
More Financials
Dynamic quotes  
ON
| OFF