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.”
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