As Rates Increase, Colorado Accounted For Nearly Half Of Xcel’s Record 2012 Profits

By: Kyle Forti (Diary)  |  February 5th at 05:00 PM  | 

Coloradans serviced by Xcel Energy were responsible for nearly half of the company’s profits in 2012 due to rate hikes implemented last May. According to Xcel’s 2012 Year End Earnings Report released last week, Coloradans who purchased energy from Xcel paid higher rates and helped boost the company’s profit to a record $905 million dollars. Though Xcel is based in Minneapolis and serves seven states | Read More »

Colorado Energy Office Can’t Account for $252 Million In Last Six Years

By: Kyle Forti (Diary)  |  January 29th at 01:59 PM  | 

A 2012 performance review of the The Colorado Energy Office (CEO) revealed several disturbing findings by the State Auditor last month, which included a non-existent accounting system for CEO’s 34 programs, a runaway budget, and staff who had no knowledge of program goals or standards.

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