Xcel Energy Inc. is trimming natural gas bills in Colorado by about $20 million a year due to the new federal tax reform law, which cut corporate taxes from 35 percent to 21 percent.
Xcel (Nasdaq: XEL), which has nearly 1.4 million natural gas customers in the state, last year asked the Colorado Public Utilities Commission to approve a $139 million increase in natural gas rates spread over three years.
Xcel sought the increase to recover the cost of its capital investments in its natural gas…
Xcel Energy Inc. is trimming natural gas bills in Colorado by about $20 million a year due to the new federal tax reform law, which cut corporate taxes from 35 percent to 21 percent.
Xcel (Nasdaq: XEL), which has nearly 1.4 million natural gas customers in the state, last year asked the Colorado Public Utilities Commission to approve a $139 million increase in natural gas rates spread over three years.
Xcel sought the increase to recover the cost of its capital investments in its natural gas…