Xcel Energy Subsidiary Profits, Rate Hikes Under Scrutiny

Public Service Company of Colorado, a subsidiary of Xcel Energy, reported a significant drop in net income due to a write-off for Marshall fire lawsuit settlements. Despite declining sales, the company is seeking rate hikes, including a substantial increase for electricity and gas bills. The parent company, Xcel Energy, hit record profits, with this subsidiary contributing a third of the total. Critics argue the rate requests are unreasonable given the strong finances, with the Colorado Office of the Utility Consumer Advocate calling it out of touch. The company plans to invest seventeen billion dollars in clean energy and reliable service over the next five years. Support the showGet a discount at https://solipillow.com/discount/dnn. Advertise on [email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected] View sources & latest updateshttps://sources.thednn.ai/4259c25bd534a604