Xcel Energy seeks hike for Texas retail customers

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Associated Press

Posted on January 7, 2014 at 2:33 PM

Updated Tuesday, Jan 7 at 2:33 PM

AUSTIN, Texas (AP) — Xcel Energy has requested a nearly 6 percent rate hike for its Texas retail customers.

The utility on Tuesday filed for the increase with the Public Utility Commission of Texas in Austin. Xcel spokesman West Reeves says the filing does not apply to its customers of rural cooperatives or municipal utilities.

Xcel says the rate hike is necessary to support $368 million in recent improvements such as new and upgraded power lines, substations and generating units.

This proposed rate increase for industrial, commercial and residential classes would be 5.8 percent accounting for base rates and fuel costs.

Xcel estimates residential customers using 1,000 kilowatt-hours per month would see an increase of an average $10.94.

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Online:

http://www.xcelenergy.com/

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