Mar 13, 2012 7:54 PM by Michael Macias

Xcel Energy catches heat for using private jets

DENVER (AP) - Colorado regulators are questioning Xcel Energy's use of private jets while seeking a rate increase from customers.

The Minneapolis-based utility is seeking $1.1 million for use of its two corporate jets as part of a $142 million electricity-rate increase.

According to the Denver Post, the Colorado Public Utilities Commission staff says ratepayers shouldn't pick up the tab.

The cost of operating one of the leased, eight-seat jets is more than $4,600 an hour.

The company says it saves time and money by not using commercial flights.


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