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Utility Asks To Raise Natural Gas Rates By 19%

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Jul 20, 2008 5:37 pm US/Mountain

Utility Asks To Raise Natural Gas Rates By 19%

DENVER (AP) ― Natural gas users served by Xcel Energy will pay 19 percent more next month if the Colorado Public Utilities Commission approves a rate hike request.

The state's largest energy provider filed the request Friday.

It reflects continuing increases in energy prices and is 126 percent higher than consumers paid last August.

If the increase is approved, the typical residential customer's gas bill next month will be $31.64, compared with this month's $28.19.

Xcel says it does not profit from natural gas sales, and only passes on rate hikes it faces.

(© 2009 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed.)

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