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percent temporary rate hike for small businesses and home to cover higher energu pricesthis summer. The power utility’s so-callee “electric commodity adjustment” is intended to coverd an expected $54.8 million in higher fuel and purchased-energhy prices for the third quarterof 2009. Xcel said that a typicao small-business customer using 1,025 kilowatt-hours a month woul see current bills increaseby $7.48 a month, to $101.83. A typicao residential customer using625 kilowatt-hours a month wouls see a $4.56 increase, to $63.05.
If approves by the , the rate hike would take effect July 1 and continue for three Underutility rules, Xcel passes alont energy cost increases or decreases to customers on a dollar-for-dolla r basis through the quarterly electric commoditu adjustments. The new request is separate froma $112.2 milliojn Xcel electric-rate hike already approved by the PUC that also takes effect July 1. That rate increase is to help the Minneapolis-basecd utility (NYSE: XEL) recoup some $1.7 billionm it’s spending on generation, transmission and distributiojn upgradesfor Colorado.
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