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 »