Under the proposed new fuel cost factor, an average increase of $5.87 per month could be expected for a customer using 1,000 kilowatt-hours per month.
Xcel says the increase will help cover the cost of critical investments in new power lines, substations, and generating facilities to meet growing regional demand.
SPS is requesting proposals for wind generation resources that could begin delivery to SPS on or after January 1st, 2014.
A regional energy provider has been honored again for their relief work on the east coast.
Xcel was honored by the Edison Electric Institute with the association’s Emergency Assistance Award for their outstanding effort in Ohio last summer and in the Northeast for Hurricane Sandy.
The arts and economic sustainability focus areas are two of four annual grant cycles in which area nonprofits can participate. Other cycles are education and environment.
The group says that the rate increase would boost revenue by $90.2 million annually, and would support the cost of expanding infrastructure.
The first wave of Xcel Energy workers from Texas and New Mexico returned today from relief work in New York.
The energy provider will send 30 employees to Virginia to assist Appalachian Power Company to help restore power to the areas impacted by the storm. The group will leave Amarillo tomorrow morning around 7:30am.
Xcel Energy has filed to balance the fuel costs charged to the SPS customers