Over the last four years, investor-owned utilities have been steadily increasing their profits as electricity bills soar. Xcel called the report flawed.

The Energy and Policy Institute — a utility watchdog group — found that energy companies are earning steadily increasing profits even as their customers’ power bills surge.

The report analyzed financial documents from 110 investor-owned utilities, the for-profit companies that serve most Americans. That includes all of Xcel Energy’s operations in eight states, including Colorado.

https://energyandpolicy.org/utility-profit-report/