As the Public Utilities Commission considers Xcel's proposal for cost recovery from closing coal plants early, citizens wonder what they're paying for.
and utility companies themselves to take action to get bills lower. The state legislature even formed a Joint Select Committee on Rising Utility Rates.
Glustrom and others argued that Xcel knew coal would be phased out as an energy source and that it could foist the costs of shutting them early on its customers. In its application for cost recovery, Xcel proposes establishing a regulatory asset for each coal operation — Craig 2, Hayden 1, Hayden 2, and the coal portion of Pawnee — to be deferred on its balance sheet then recovered over a seven-year period from ratepayers.
“This has been known for eons how these utilities manipulate the situation and it's time it stopped,” Pomerance said. “I'm asking you to finally make a decision. Go one way or go the other but don't give them all their money.”now called the Office of the Utility Consumer Advocate David Takahashi pointed out that in cases where a utility isn’t publicly regulated it would pay these early retirement costs.
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