Log in
Login
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 

4-Traders Homepage  >  Equities  >  Nyse  >  Xcel Energy Inc    XEL

Delayed Quote. Delayed  - 06/28 10:02:26 pm
43.75 USD   +0.07%
06/28 BRIEF : Man's body recovered from Mississippi River in Minneapolis
06/25 BRIEF : Xcel Energy official hosting public discussion in Boulder
06/24 BRIEF : Xcel Energy responded to possible gas leak on UND campus
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 

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

share with twitter share with LinkedIn share with facebook
share via e-mail
0
04/03/2012 | 12:18am CEST

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

share with twitter share with LinkedIn share with facebook
share via e-mail
0
React to this article
Latest news on XCEL ENERGY INC
06/28 BRIEF : Man's body recovered from Mississippi River in Minneapolis
06/25 BRIEF : Xcel Energy official hosting public discussion in Boulder
06/24 BRIEF : Xcel Energy responded to possible gas leak on UND campus
06/24 BRIEF : Xcel Energy responding to possible gas leak on UND campus
06/23 XCEL ENERGY : planning new 240-mile high-voltage line for more cost-effective en..
06/23 XCEL ENERGY : plans $400M Texas, New Mexico transmission line
06/22 XCEL ENERGY INC : Creation of a Direct Financial Obligation or an Obligation und..
06/22 XCEL ENERGY : planning new 240-mile high-voltage line for more cost-effective en..
06/22 XCEL ENERGY : UW-EC, businesses team up to lure Twin Cities Blugolds back to liv..
06/22 XCEL ENERGY : Three-foot summer drawdown forecast on Big Chip
Advertisement
News chart
Full-screen chart
Income Statement Evolution
More Financials