Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

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

SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets 

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 CET

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
Latest news on XCEL ENERGY INC
03/24 XCEL ENERGY : raises US wind project additions by 1.8 GW to 3.3 GW
03/24 XCEL ENERGY : LP&L, Xcel agree to 'transitional contract' delaying 2019 decision..
03/23 XCEL ENERGY : OriginClear Inc. - In Preliminary Guidance, OriginClear Reports Co..
03/23 XCEL ENERGY : to develop 3.3GW of new wind power projects in seven US states
03/23 XCEL ENERGY : eyes 1.23GW bonanza
03/22 XCEL ENERGY : to build NM’s largest wind farm
03/22 XCEL ENERGY : announces $1.6 billion investment in wind energy from South Plains..
03/21 XCEL ENERGY : Announces the Nation's Largest Multi-State Investment in Wind Ener..
03/20 XCEL ENERGY : City joins new energy saving partnership program
03/18 Allete, Xcel Energy sign 100MW power purchase agreement in US
More news
Sector news : Electric Utilities - NEC
03/24 UK likely to spare energy suppliers a blanket price cap-analysts
03/24 Politics weigh as Korea's KEPCO eyes the Toshiba nuclear option
03/23 SSE increases stake in UK Dogger Bank offshore wind development
03/22 South Korea's KEPCO in talks to buy Toshiba's stake in UK nuclear project NuG..
03/21DJPOWER ASSETS : 2016 Net Profit Down 17% at HK$6.42 Billion
More sector news : Electric Utilities - NEC
News from SeekingAlpha
12:08a BACK TO THE FUTURE : Lessons Learned From 3 Dividend Growth Stocks I Bought On 0..
03/21 Xcel Energy proposes largest U.S. multi-state wind energy investment
03/21 Selling Or Trimming Reasons Within My 86 Stock Portfolio
03/20 DGI FOR THE DIY : Dividend Growth Prediction Scorecard
03/15 BETTER DIVIDEND ACHIEVER UTILITIES : Duke Energy Or Xcel Energy?
Advertisement
Financials ($)
Sales 2017 11 915 M
EBIT 2017 2 339 M
Net income 2017 1 177 M
Debt 2017 12 634 M
Yield 2017 3,22%
P/E ratio 2017 19,37
P/E ratio 2018 18,26
EV / Sales 2017 2,97x
EV / Sales 2018 2,94x
Capitalization 22 708 M
More Financials
Chart XCEL ENERGY INC
Duration : Period :
Xcel Energy Inc Technical Analysis Chart | XEL | US98389B1008 | 4-Traders
Full-screen chart
Technical analysis trends XCEL ENERGY INC
Short TermMid-TermLong Term
TrendsBullishBullishNeutral
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 15
Average target price 43,9 $
Spread / Average Target -1,9%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
Benjamin G. S. Fowke Chairman, President & Chief Executive Officer
Kent T. Larson President-Group Operations & Executive VP
Robert C. Frenzel Chief Financial Officer & Executive Vice President
A. Patricia Sampson Independent Director
Richard K. Davis Lead Independent Director
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
XCEL ENERGY INC10.00%22 708
DUKE ENERGY CORP6.92%58 061
SOUTHERN CO2.50%49 412
DOMINION RESOURCES, IN..2.18%49 165
IBERDROLA SA4.03%45 224
PG&E CORPORATION11.67%34 458
More Results