Colorado tells Xcel it can’t pass bagel costs to rate payers

Unless Xcel Energy is working on some sort of bagels-to-biofuels project, the utility is going to have to scratch nearly half a million dollars from its most recent Colorado rate-increase request.

The utility is asking the Colorado Public Utilities Commission for a $182 million rate increase, the Denver Post reports. But commissioners have told the company they can’t pass along the cost of bagels, coffee, and doughnuts to rate payers.

The company spent about $173,000 on breakfast items last year, and another $307,000 on employee-recognition awards. The expenses total about three-tenths of 1 percent of the rate-increase requested by Xcel.

An Xcel spokesman blamed a bookkeeping problem for the breakfast charges showing up in the rate request.

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