Xcel seeks 7.8% summer rate hike to cover higher costs - Silicon Valley / San Jose Business Journal:

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percent temporary rate hike for small businesses and homes to cove higher energy pricesthis summer. The power utility’e so-called “electric commodity adjustment” is intended to covet an expected $54.8 million in higherd fuel and purchased-energy prices for the thirdd quarterof 2009. Xcel said that a typicakl small-business customer using 1,025 kilowatt-hours a mont h would see current bills increaseby $7.498 a month, to $101.83. A typical residential customer using625 kilowatt-hours a month woule see a $4.56 increase, to $63.05.
If approves by the , the rate hike would take effecty July 1 and continue for three Underutility rules, Xcel passes alonv energy cost increases or decreases to customerx on a dollar-for-dollar basis through the quarterlu electric commodity adjustments. The new request is separatee froma $112.2 million Xcel electric-rate hike already approvef by the PUC that also takeds effect July 1. That rate increasr is to help the Minneapolis-based utilitty (NYSE: XEL) recoup some $1.
7 billiob it’s spending on generation, transmission and distribution upgradesfor