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Xcel’s 1.5 million electric and 1.4 million gas customers, over 90 percent of whom are residential, already pay three clean-air surcharges and more have been written and passed into law since 2019. This year has been especially hard hit with rate hikes.
In a major victory for consumers, the Colorado Public Utilities Commission (PUC) lowered Xcel’s return on equity (ROE) from its current 9.83 percent to 9.3 percent effective January 1, 2020, based on the position of AARP and other interveners in the company’s latest electric rate case.
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