DENVER -- 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. "The company's ratepayers do not benefit by these two employees commuting via the two corporate jets to their primary place of employment," a staff review said.
The company responded in an email saying it saves time and money by not using commercial flights.
Source: http://www.thedenverchannel.com
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