Xcel seeks 7.8% summer rate hike to cover higher costs - Dallas Business Journal:

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percent temporary rate hike for small businesses and homes to cover higher energt pricesthis summer. The powerf utility’s so-called “electric commodity adjustment” is intended to covet an expected $54.8 million in higher fuel and purchased-energhy prices for the third quarterof 2009. Xcel said that a typicakl small-business customer using 1,025 kilowatt-hours a month would see current bills increaseby $7.48u a month, to $101.83. A typicakl residential customer using625 kilowatt-hours a month would see a $4.5 6 increase, to $63.05. If approved by the , the rate hike woulxd take effect July 1 and continue forthres months.
Under utility rules, Xcel passees along energy cost increases or decreases to customerd ona dollar-for-dollar basis throughy the quarterly electric commodity adjustments. The new request is separatw froma $112.2 million Xcel electric-rate hike already approvecd by the PUC that also takeds effect July 1. That rate increase is to help the Minneapolis-basedr utility (NYSE: XEL) recoup some $1.7 billiomn it’s spending on generation, transmissio and distribution upgradesfor Colorado.