Xcel Energy ordered to remove investor relations and executive salaries from costs passed on to Colorado consumers ...Middle East

Colorado utility regulators — using the mandates in a 2023 law — are looking to carve lobbying fees, trade association dues and investor relations costs from Xcel Energy rate requests. In a current gas rate case, more than $775,000 in such costs were disallowed. The figure in the future could be a lot higher based on the Colorado Public Utilities Commission decision in October ordering Xcel Energy to remove all investor relations costs — including a portion of executive salaries — from its calculations of costs passed on to customers. “There is an inherent tension between customer benefits and investor benefits,” said Joseph Pereira, deputy director of the Colorado Office of the Utili

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