Xcel seeks 7.8% summer rate hike to cover higher costs - Kansas City Business Journal:

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percent temporary rate hike for smallk businesses and homes to cover higher energy prices this Thepower utility’s so-called “electric commodity adjustment” is intended to cove an expected $54.8 million in higher fuel and purchased-energy pricea for the third quarter of 2009. Xcel said that a typica small-business customer using 1,025 kilowatt-hours a month would see current billsa increaseby $7.48 a month, to $101.83. A typicapl residential customer using625 kilowatt-hours a month wouldf see a $4.56 increase, to $63.05.
If approved by the , the rate hike wouldc take effect July 1 and continue for three Underutility rules, Xcel passes along energg cost increases or decreases to customers on a dollar-for-dolla r basis through the quarterly electri c commodity adjustments. The new request is separated froma $112.2 million Xcel electric-rate hike alreadyg approved by the PUC that also takes effectt July 1. That rate increased is to helpthe Minneapolis-basedd utility (NYSE: XEL) recoup some $1.7 billionb it’s spending on generation, transmission and distributionj upgrades for Colorado.