Leaders from Xcel Energy and other utility companies will face questions from Colorado lawmakers today on causes behind recent bill spikes. And the special committee wants to hear from you. MORE:
Energy company leaders, including those from Xcel Energy, will appear before the The Joint Select Committee on Rising Utility Rates, a newly formed committee investigating customer complaints of higher utility bills.
Leaders from energy companies, including Black Hills Energy, Colorado Rural Electric Association and Core Electric Cooperative will present testimony and explain to the committee what’s behind the current pricing trends. The committee will also hear from regulators and consumer advocates over the course of its work.
Xcel and other energy companies in Colorado are overseen by the state’s PUC which approves rate hikes. As natural gas prices have hit record highs, Xcel maintained it has not made additional profit off the increased commodity cost of natural gas.
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