A bill to reauthorize a state regulatory agency is running into opposition from Xcel Energy over provisions that could lower electricity bills — and cut into the company’s profits.
That section is just one part of HB26-1326, a bill to reauthorize the Colorado Public Utilities Commission, which oversees thousands of businesses. Those include monopoly utilities, ride-share operators, telecommunications giants, towing companies and other private entities.
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During hours of testimony, the Colorado Chamber of Commerce said more securitization could saddle consumers with extra long-term costs. Labor unions said any dip in Xcel spending could threaten their work with the company.
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