Xcel Energy Rate Hike Approved | Denver News

Xcel Energy’s rate hike just got approved — a modest $5/month bump for most homes, down from their original $356 million revenue ask. But here’s the twist: while usage has dropped since 2021, spending on new projects has exploded — from $1.6B to a projected $5.4B by 2025 and nearly $6B in 2026. The commission chair warns this could make electricity unaffordable if costs outpace inflation, while Xcel insists power still costs less than 1% of your income. With record-breaking heat on the way, the debate over affordability is heating up. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/e808aac330811320