Xcel Energy is asking Colorado regulators to approve a nearly 10% increase in electricity rates, a move that could raise the average household bill by about $10 a month next year.

The company filed its proposal Friday with the Colorado Public Utilities Commission, seeking a $355.6 million increase in base rate revenue to recover costs tied to infrastructure upgrades and clean energy investments made over the last three years.

CBS

"These are investments that we've made since 2022 in safety, reliability, resilience, electrification of transportation and buildings to accommodate growth and then to drive down carbon emissions," Robert Kenney, President of Xcel Energy Colorado said. "Our investments have been very much aligned with state policy priorities."

If approved, the average resident

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