Legalectric

Xcel’s cost of electricity is down.  Yet they want more money from us, 9.8% over the next 3 years, with the average residential customer’s 675 kW/hr bill to go up $11 a month.  WHAT?

Meanwhile, last year at the legislature, the biggest of the big customers got a special rate category and special lower rates.  WHAT?

The above graph is from Chuck Burdick’s testimony — after dealing with him in the Goodhue Wind case, I couldn’t resist checking out his testimony (Application, 2A2 – MYRP).

So if Xcel Energy was authorized a certain ROE, and only earned a much lesser ROE, does that mean we should make up the difference?  Also from Burdick’s testimony:

Were this “free market” the response would be that the company should contract, that there are too many cooks in that kitchen, that the capital expenses not for our use, such as this big transmission build-out, should not occur, and we should not have to pay for them.

Let’s take a look at the drivers, where they’re running short — do we want to pay for this?  From the Application 1:

The initial filing in this new rate case is there for the reading, dig in, I’m sure there’s something you’ll enjoy.

Just go HERE TO PUC’S SEARCH DOCKETS PAGE and search for PUC docket 15-826, opened today.

In the STrib today:

Xcel seeks 9.8 percent rate hike in Minnesota over three years