Xcel

Xcel Energy-Colorado expects its rates to stay relatively flat in the second quarter of 2024, with a slight rise in electric rates and a small drop in natural gas bills. The utility said in a statement that based on natural gas costs, the typical residential customer could see a 4.17% decline, or $1.73, in the monthly bill. Rates for small commercial customers are expected to drop 4.82%, or $9.19, a month. Xcel said residential electric bills will likely increase on average 1.67%, or $1.49, a month and bills for small…

Xcel Energy-Colorado is seeking an increase in natural gas rates to boost its revenue by nearly $171 million, which the utility said will help pay for improvements to the gas distribution system as well as upgrades to the electric grid. The company said in a document filed Monday that a typical residential monthly bill would increase by 7.4% if the Colorado Public Utilities Commission grants its request to defer any increases until mid-February 2025. That’s when a temporary rider on customers’ bills to pay costs from a…

After spending $40,000 to electrify her Boulder home, which included installing heat pumps, K.K. DuVivier was ready to disconnect from natural gas and have her meter turned off. Then she got the bill to flip the switch: $5,333. The bill marked due Dec. 12 arrived after what DuVivier described as frustrating rounds of calls and emails as she tried to stop the gas service she no longer needs from Xcel Energy. The bill didn’t say why she owed more than $5,000. When she contacted Xcel again, DuVivier got an email saying the…

With the temperatures dropping, the natural gas bills for Xcel Energy-Colorado customers could increase. Xcel said Friday that increased wholesale natural gas prices might last a few days as freezing weather across most of the country affects natural gas production and demand. High temperatures in metro Denver are forecast for the low teens and single digits through Monday. Lows are predicted to drop to zero or below. Xcel Energy passes on increases in wholesale prices directly to customers. The company said in a…

A committee of Pueblo community members has recommended that Xcel Energy-Colorado replace a coal plant, beset by longstanding mechanical and operational problems, with modular nuclear units or a gas plant that would capture the carbon dioxide emissions. However, a report released Friday by the Pueblo Innovative Energy Solutions Advisory Committee made clear that the group’s top choice is what it calls advanced nuclear technology. A nuclear facility will create more jobs and tax revenue for local governments, the report…

With more renewable energy going on the grid and more vehicles and homes turning all-electric, Colorado utilities and regulators are planning more transmission lines and equipment to handle the increasing demands. But questions about the location of new electric substations, which convert high-voltage electricity to power for homes and businesses, have come up after Xcel Energy-Colorado revealed plans for a substation in Denver’s Elyria-Swansea neighborhood. The area is already home to several industrial sites, some of…

State regulators have rejected Xcel Energy-Colorado’s proposed electric resource plan in favor of a less costly one, cutting about $3 billion from the overall price tag. But environmental groups are criticizing the decision because it would reduce the level of renewable energy sources planned by the utility and add more new natural gas generation. The Colorado Public Utilities Commission endorsed the alternative proposal during a meeting last week. The PUC will continue deliberations this week on the rest of Xcel’s plan,…

While calling Xcel Energy’s proposed blueprint for the next several years transformational, the Colorado Public Utilities Commission is balking at nearly $3 billion in additional transmission costs — “jarring” one member called it — in the proposal. The PUC weighed in during a meeting Wednesday on the second phase of Xcel’s energy resource plan, which will help chart the utility’s spending and mix of resources to generate electricity through the rest of the decade. The company’s preference out of the different scenarios…

Ford Pro and Xcel energy will collaborate to deploy 30,000 EV charging ports for commercial customers by 2030, and the best part is that qualifying business customers can get most upfront costs of this infrastructure offset by Xcel Energy. Ford Pro is Ford’s commercial vehicle arm, selling vehicles and fleet services to business customers. Xcel energy is a utility company that serves customers in 8 states: Colorado, Michigan, Minnesota, New Mexico, North Dakota, South Dakota, Texas and Wisconsin.…

Xcel Energy-Colorado has pre-leased space in a soon-to-be-completed building in the River North Art District and plans to move out of its headquarters in downtown Denver in 2025. Xcel, Colorado’s largest electric utility, and real estate firms Ivanhoé Cambridge, Hines and McCaffery said Wednesday that the company has pre-leased all the office space at T3 RiNo, a new six-story, mass-timber building. At 220,172 square feet, Xcel Energy will be the largest office tenant in RiNo, according to a statement by the companies.…