To learn more about our wildfire safety plans and risk mitigation efforts, including work that may be planned in your area, visit xcelenergywildfireprotection.com (external link).
Read the annual report - May 20, 2022 (PDF)
As part of our commitment to safety, Xcel Energy has developed a comprehensive program to help protect lives, homes and property from the risk of wildfire. Work began in 2019 and the program’s funding structure was approved by the Colorado Public Utilities Commission in April 2021.
Xcel Energy’s Wildfire Mitigation Program supports cost recovery for proactive programs that reduce the risk of ignition from our system. This program will deliver value with:
Costs of wildfire protection are accumulated in a deferred account until the Commission can review and approve those costs, which are then added to base rate energy charges on customers’ bills. This deferred accounting treatment will be in effect for three years, beginning Jan. 1, 2021, and covering 2021, 2022 and 2023.
Under the most recent rate settlement, approximately $23.5 million associated with wildfire protection will be added to Xcel Energy’s Colorado electric rates in 2022. This represents about 0.7% of our total system costs or about $0.63 on an average monthly residential bill.
The Commission will consider these bill impacts as part of the 2021 Phase I Electric Rate Case settlement.
Filing materials related to this proposal are available here. You can also follow the proceedings and access electronic filings at the Colorado Department of Regulatory Agencies (external link). Search for Proceeding No. 20A-0300E.
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