Safety for Xcel Investors; Risks for You

Safety for Xcel Investors; Risks for You

Xcel Energy is advancing a bill designed to protect its investors from the unpredictable costs of nuclear power – and instead shift that risk to you.

The bill (SF 3504/HF 3708) would allow Xcel to charge customers for new nuclear plant costs without the usual cost controls and checks on spending that currently protect consumers of for-profit utility companies. Xcel says it will spend at least $1.4 billion, but its last nuclear upgrade was mismanaged and ran over budget by more than double.

Consumer groups like the Citizens Utility Board and AARP, the Minnesota Chamber of Commerce, representatives of ...

Xcel Energy is advancing a bill designed to protect its investors from the unpredictable costs of nuclear power – and instead shift that risk to you.

The bill (SF 3504/HF 3708) would allow Xcel to charge customers for new nuclear plant costs without the usual cost controls and checks on spending that currently protect consumers of for-profit utility companies. Xcel says it will spend at least $1.4 billion, but its last nuclear upgrade was mismanaged and ran over budget by more than double.

Consumer groups like the Citizens Utility Board and AARP, the Minnesota Chamber of Commerce, representatives of large industry, and environmental advocates all oppose this legislation.  

There's no rush to pass a bill this year without understanding how it will increase the cost of electricity for Xcel's customers.

Please contact decision makers and ask them to oppose SF 3504/HF 3708.

For more information, visit CUB's website.

 

The Citizens Utility Board is the independent advocate for Minnesota utility consumers. We are working hard to make sure that customers in northern Minnesotans are treated fairly. Your voice helps!

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Call Governor Dayton

Call Mark Dayton

Mark Dayton Mark Dayton Governor 800-657-3717

 

Hi, my name is _________ and I live in _________. I'm calling today to ask you to veto the Xcel Energy nuclear bill if it comes to your desk.

 

  • The bill (SF 3504/HF 3708) is intended to protect Xcel from the unpredictable costs of nuclear power – and instead shift that risk to customers.
  • The bill language has been amended, but its basic purpose is the same.

Thank you for standing strong behind the Public Utilities Commission and Minnesotans. Please veto this bill.

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