Xcel Energy customers to receive refunds this month

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Xcel Energy’s Texas customers will see a credit on their electric bills this month that reflect a one-time $16 million fuel cost refund announced in June.

The refund, which has been approved the Public Utility Commission of Texas, is related to several months of lower costs for natural gas used to fuel area power plants – savings that are expected to continue with the addition of the new Hale Wind Project near Plainview, which started commercial operations at the end of June.

All of Xcel Energy’s various customer classes will receive funds. Depending on billing cycles, the refunds could be prorated over a twomonth period. Residential customers using 1,000 kilowatt-hours a month would receive a total credit of $14.53, higher than the refund Texas customers received in January that amounted to $11.76 on a typical residential bill.


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