Xcel Energy Requests Rate Increase from Public Utility Commission of Texas
An area power utility company is seeking a rate increase from the state.
Xcel Energy is seeking a base rate increase for their Texas retail customers from the Public Utility Commission of Texas.
The group says that the rate increase would boost revenue by $90.2 million annually, and would support the cost of expanding infrastructure.
“Our customers expect us to invest wisely to modernize and upgrade our system to meet this growing demand and provide the reliable service necessary to sustain economy growth,” said Riley Hill, president and CEO of Southwestern Public Service Company, an Xcel Energy Company.
An average residential customer using 1,000 kilowatt-hours per month would see an increase of 7.3 percent, which is around $6.61 per month.
Other customer classes would see higher increases, with Xcel’s total increase for all customer classes combined at 12 percent, accounting for base rates and fuel costs.
Xcel Energy offers programs to help customers manage and possibly decrease their energy needs. More information is available at www.xcelenergy.com under the “save energy and money tab.”