Regulators approve Xcel Energy rate increase - KCBD NewsChannel 11 Lubbock

Regulators approve Xcel Energy rate increase

AMARILLO, TX (KCBD) -

Xcel Energy customers could soon be paying more for electricity.

The company reached an agreement with regulators on Tuesday.

The average residential customer will see a $6.58 monthly increase starting in October. Xcel reps say the increase is needed to pay for power grid upgrades.

Xcel has also asked regulators for a temporary fuel surcharge, because they weren't collecting enough earlier this year to cover the cost.

It would start in November and end in April. The surcharge would $2.70 to the average residential customer's monthly bill.

Copyright 2014 KCBD. All rights reserved.

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