xcel112509
On the homepage
Food shelf
Out There
Cranes
Valentine's
Xcel Energy removes perks from Colorado rate request
Print this story
E-mail this story
Save to del.icio.us
Share on Facebook
Share on Digg
Minnesota business by the numbers
See Minnesota's top earning companies, CEOs and non-profits
More from Business
DENVER - Xcel Energy Inc. has abandoned plans to have Colorado ratepayers pay for expensive dinners and luxury hotel stays for its employees.
The Minneapolis-based utility agreed to remove $280,000 in charges meant to cover expenses and perks like Colorado Avalanche hockey tickets. They had been included in its pending $136 million electricity rate increase.
The expenses came to light in September after Minnesota Attorney General Lori Swanson questioned similar spending attached to a proposed rate request in Minnesota.
Lawyers for Colorado's Public Utilities Commission then sought a breakdown of such expenses in Xcel's Colorado rate request.
Among the items was $45,000 for a weeklong trip to Europe for two executives attending investor meetings. The company had planned to charge Colorado ratepayers $10,361 for that.
ASSOCIATED PRESS
Recent Business stories
Investment Technology Group names former J.P. Morgan trader to board - November 24, 2009
Investment Technology Group names former J.P. Morgan trader to board - Investment Technology Group on Tuesday named an executive from Schroders Investment Management to its board. More
- Obama says both sides have to give on health care
- Cribs recalled after 3 deaths
- World's tallest tower closed a month after opening
- Salsa Lisa going national after selling majority stake
- Downtown Minneapolis: 'Pretty strong' as recession ebbs
- HR and Facebook: It's complicated
- Toyota seeks damage control, in public and private
Comment on this story | Be the first to comment | Hide reader comments