Xcel Energy asks customers to cover 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.
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The company says it saves time and money by not using commercial flights.
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Information from: The Denver Post
(Copyright 2012 by The Associated Press. All Rights Reserved.)