Gas could cause consumer gulp

Posted 9/30/08

Robyn Lydick Heard enough about climbing gasoline prices? Well, natural gas prices are climbing, and by law Xcel Energy has to pass the cost along to …

This item is available in full to subscribers.

Please log in to continue

Username
Password
Log in

Don't have an ID?


Print subscribers

If you're a print subscriber, but do not yet have an online account, click here to create one.

Non-subscribers

Click here to see your options for becoming a subscriber.

If you made a voluntary contribution in 2022-2023 of $50 or more, but do not yet have an online account, click here to create one at no additional charge. VIP Digital Access includes access to all websites and online content.


Our print publications are advertiser supported. For those wishing to access our content online, we have implemented a small charge so we may continue to provide our valued readers and community with unique, high quality local content. Thank you for supporting your local newspaper.

Gas could cause consumer gulp

Posted

Robyn Lydick

Heard enough about climbing gasoline prices? Well, natural gas prices are climbing, and by law Xcel Energy has to pass the cost along to you, the consumer.

But it isn’t as bad as experts expected during the summer. In June, natural gas companies and utility companies sat down with the Colorado Public Utilities Commission and talked pricing.

Then, the expectation based on the market was a 30-to-50 percent increase in natural gas costs for the winter quarter.

Xcel filed Sept. 17 for an estimated 12-percent increase.

~Typical residential customers can expect to pay $151.71 in December 2008, compared to $135.18 in December 2007, based on use of 143.8 therms. “Therm” is a measurement of heat. One therm equals 100,000 Btu — British thermal units. Typical small-business customers would pay $698.53 in December 2008, compared to $622.14 in December 2007, based on use of 679.5 therms.

The projections reflect an expected increase in the market price of natural gas locally and expected normal winter weather patterns. Forecasters with the Climate Prediction Center expect temperatures to be above normal for the next three months and average temperatures for January through March.

Actual natural gas rates to be charged by Xcel Energy in December 2008 remain subject to the Monthly Gas Cost Adjustment, which will be filed in mid-November 2008.

Comments

Our Papers

Ad blocker detected

We have noticed you are using an ad blocking plugin in your browser.

The revenue we receive from our advertisers helps make this site possible. We request you whitelist our site.