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Stock impact report

New water pipeline's hydroelectric system could prevent rate hikes in Colorado city [CBS News]

Xcel Energy Inc. (XEL) 
Last xcel energy inc. earnings: 1/30 06:00 am Check Earnings Report
US:NYSE Investor Relations: investors.xcelenergy.com
Company Research Source: CBS News
There's some hope the money made and saved can be passed down to the consumer. "We don't want to do rate hikes," said Mike Frasier, Aurora Water water utility supervisor The turbine is attached to the city's second largest water supply pipeline. "The water comes in this direction and flows through this main PRV," said Mickey Connor, InPipe Energy director of engineering. "As the flow picks up, we then bypass a portion of that flow past this manually operated valve, and that flows through here past our flow meter into our hydro excess system, which we set up to then take that excess pressure and turn it into renewable energy that is sent back to the grid." By doing that, Aurora Water will receive credits from Xcel Energy that will lower its electric bill. Frasier says every little bit helps. "Every year, our products cost more every year to purchase and maintain the system," Frasier said. "So anything we can do to reduce those costs really help us out. We pass it on to the cu Show less Read more
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