NO on an 11% increase to Natural Gas

Xcel is proposing a nearly 12 percent increase in natural gas rates. I seriously doubt that many of Xcel Energy customers received a 12 percent cost of living increase in their paychecks last year. Based on a quick internet search Their second quarter 2025 earnings report showed earnings of $444 million. According to the Motley Fool Xcel wants a "4%-6% dividend growth objective". The Motley Fool also reported that Data center growth will drive 3% of their growth in the 2026-2030 capital plan. The website Market Beat reported that "Excel Energy's earnings are expected to grow 8.38% next year".

Excel did pay wildfire settlements in the hundreds of millions in 2025, but these are not likely recurring costs.

I also understand Xcel Energy wants to update the grid and infrastructure, but they are pushing these rate hikes too hard for a company that made a billion dollars for the fiscal quarter in 2025 (stock analysis.com).

I think Xcel Energy is doing fine. Vote No on the 12 percent rate increase.