Tuesday, June 18, 2013

Latest southern Colorado news, weather and sports from FOX21 News

Xcel abandons plans to charge ratepayers for perks
Posted: 11.24.2009 at 8:23 AM
0
Photo

DENVER (AP) — Xcel Energy has abandoned plans to have Colorado ratepayers pay for expensive dinners and luxury hotel stays for its employees.

The Minneapolis-based utility has agreed to remove $280,000 in charges meant to cover expenses and perks like Colorado Avalanche tickets. They had been included in its pending $136 million electricity rate increase.

The expenses came to light in September after the Minnesota attorney general questioned similar spending attached to a proposed rate request there. Lawyers for Colorado's Public Utilities Commission asked for a breakdown of such expenses in Xcel's rate request.

Among the items was $45,000 for a one-week trip to Europe for two executives attending investor meetings. The company had planned to charge Colorado ratepayers for $10,361 of that.

(Copyright 2009 The Associated Press. All Right Reserved.)

Popular Stories
Thumbnail
Couple who died in Black Forest Fire identified
Travis Ruiz   |  3 minutes ago  |  6 comments
Thumbnail
Wildfires burn north of Colorado Springs
FOX21 Continuous News Desk  |  Today at 12:30 PM  |  14 comments
Thumbnail
Continuing to give back, after losing her home
Sam Baranowski  |  Today at 8:00 AM  |  9 comments
Follow FOX21
Get news and weather notifications on your phone by downloading the iPhone or Android app below
Sign up to get alerts and updates for breaking news, severe weather, and deals:
submit
ADVERTISEMENT
Special Features
Worship & Remembrance
Need a place to worship or need to give your loved one a proper burial? We have all the information to make it easy for you.
Legal
Help from lawyers
Dining & Entertainment
Info and coupons from local businesses
Beauty & Wellness
Tips to improve your health
ADVERTISEMENT