Aug 12, 2011 6:08 AM by Kate Richards
DENVER (AP) - Colorado regulators are heading to Pueblo to hear public comments on a proposal by Black Hills Energy to raise annual electric revenues by $40.2 million, or nearly 19 percent.
That translates to an increase of about $18.96 per month for typical residential customers, or $67.20 per month for the typical small commercial customer.
The Colorado Public Utilities Commission plans a hearing Aug. 30 to hear public comments on the proposal. Evidentiary hearings are scheduled in October and November in Denver.
The PUC says Black Hills is seeking to recover the costs of two new natural gas-fired turbines at Pueblo, along with associated infrastructure and other expenses. The company is asking that new rates be implemented starting Jan. 1, when the new power plant is scheduled to start operating.