Xcel Energy Files for Fuel Cost Factor Increase Approval
The company says that the increases are anticipated as they cut back on coal-fueled power generation to come into compliance with a new EPA rule.
The company says that the increases are anticipated as they cut back on coal-fueled power generation to come into compliance with a new EPA rule.
According to a statement from Xcel, increased electricity load coupled with a spike in customer demand this summer has led the company to depend more on natural gas-fueled power plants, causing an increase in the purchase of natural gas.