The Colorado Public Utilities Commission met Wednesday morning to discuss rising energy costs
DENVER — .
“There’s been an awful lot in the press in the 4th quarter about the oil and gas producers taking in extraordinary profits, rewarding extremely high dividends, and doing stock buybacks that were really kind of skewing the commodity price situation. I read that there really is not a supply issue,” Gavan said.
Then in the Fall, the PUC approved another rate hike to help Xcel kickstart a plan to upgrade its natural gas infrastructure. “Back in the 2000s when I joined the commission, the returns of the utilities for their equity investments… was probably in the range of 10%, that they're getting a return. That's been pushed down much closer to 9%,” Camp said. “It’s a slow movement. But again, the commission is putting that downward pressure.”
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Senate bill would override Ethics Commission ruling that Legislature is not public bodyA new Senate bill sponsored by several Republicans would clarify that the Legislature is covered by the open meetings law.
Read more »
Following storms, San Francisco's water reservoirs see helpful increases in levelsWater storage levels for San Francisco residents are at significantly high levels thanks to heavy rainfall in December and January, according to data from the San Francisco Public Utilities Commission.
Read more »
N.J. city dumps state public worker health plan after all towns slammed with huge rate hikesTrenton’s city council decided late last week to switch to Aetna to insure its roughly 2,000 public workers in a move its mayor says will save taxpayers $4.3 million a year.
Read more »
Longtime China hawk Rep. Chris Smith aims to expose human rights abuses on congressional commissionRep. Chris Smith will chair the House-Senate bipartisan commission on China, saying he’s determined to expose and highlight Beijing’s human rights abuses.
Read more »
Gift card scams on the rise in ColoradoGift card scams are on the rise. Criminals are stealing gift card numbers and draining the balances before consumers have a chance to use them.
Read more »
Junkyard Gem: 2006 Dodge Charger Daytona R/TA 2006 Dodge Daytona R/T in a Colorado self-service wrecking yard.
Read more »