On the Market: Commission denies Xcel an interim rate increase

Advertisement

— Howard Pankratz, of the Denver Post, reported this week that the Colorado Public Utilities Commission had denied Xcel Energy’s request for an interim rate increase of $100 million that the power utility wanted to tide it over until it wins a permanent rate increase of $141.9 million.

The interim rate would have boosted the average residential bill by $2 per month starting this month, Pankratz said.

The commission concluded that Xcel failed to show it would be adversely affected if current rates were left in place during the six-month period while the permanent increase was under review.

The interim rate request was opposed by consumer advocates and major business customers, including Climax Molybdenum Co. and Wal-Mart Inc.

Xcel cited a 2010 law giving the PUC the power to award interim rates without public hearing if the utility showed an adverse financial impact in delay.

The full rate request would increase the average residential bill by $4, raising it to $71 a month.

The first pre-hearing meeting on the full rate case was scheduled for Friday, said William Levis, director of the Colorado Office of Consumer Counsel. A decision on the $141.9 million request is not expected until summer.

Web-based tool for home management is launched

Paragon Technology Group, with offices in Steamboat Springs, has rolled out its proprietary Home Manager product. From the secure Web-based application, a homeowner is able to control and manage a home or multiple homes from anywhere in the world. In addition, Home Manager provides the Paragon monitoring center the ability to regularly inspect the health of the home’s systems without an on-site visit. By troubleshooting remotely, clients and their property managers are spared the time and expense of a service call.

Paragon Home Manager also permits:

■ Sharing important documents with anyone associated with the property such as instruction manuals and floor plans

■ Setting the home to a pre-defined status such as “Arrival” or “Unoccupied”

■ Notifying service personnel of possible issues

■ Adjusting lighting and spa temperatures

With offices in Aspen, Denver, Steamboat Springs, Telluride and Vail, Paragon focuses on new construction, remodels and retrofits, private residential projects and developments, as well as mixed-use developments and resorts in the U.S. and abroad. For more information, visit www.paragon-usa.com.

Shores joins Steamboat Coldwell Banker office

Dan Shores has joined Coldwell Banker Distinctive Properties as a full-time associate working out of the Steamboat Springs office.

Shores has lived in the Steamboat Springs area since the early 1990s and has experience in the ski industry and custom building.

“We welcome Dan aboard the Coldwell Banker Distinctive Properties team. He will surely be an asset to our office, and we look forward to a long and rewarding relationship together,” said Giles Howard, managing director of the Coldwell Banker Distinctive Properties Steamboat Springs office.

Comments

Use the comment form below to begin a discussion about this content.

Requires free registration

Posting comments requires a free account and verification.