Skip to main content

Minn. officials seek lower Xcel rate hike

  • Author:
  • Updated:
    Original:

Minnesota officials prodded state regulators on Thursday to reject a rate increase that Xcel Energy Inc. has proposed for its 1.2 million electric customers across the state, the Star Tribune reports.

Xcel is seeking a 10.7 percent hike that has generated “rate shock” among customers, officials said, the newspaper reported.

So the state Department of Commerce is recommending a more modest increase of about 3 percent to 4 percent, the newspaper reports.

“The request that we put in really reflects what we think is needed to run our business and serve our customers,” Laura McCarten, an Xcel regional vice president, told the Star Tribune.

The Minnesota Public Utilities Commission in December approved an interim rate increase of 9 percent, which took effect in January. Meanwhile, the regulators have been mulling a permanent – and perhaps larger – hike.

If the commission approves a permanent rate hike, it would be the fifth Xcel electric rate increase since 2005, the Star Tribune reported.

Xcel Energy customers in the Twin Cities and southern Minnesota can comment on Xcel's proposed hike during a series of public hearings in March, Minnesota Public Radio reports.

Public comments can also be made at the Public Utilities Commission's website.

Next Up

Screen Shot 2022-08-14 at 10.24.22 AM

Teen driver crashes into parked payloader; 16-year-old passenger dies

The crash happened early Saturday morning in Waconia.

Screen Shot 2022-08-14 at 10.10.50 AM

Barrage of gunfire injures boy in Brooklyn Park; vehicles, apartments damaged

Police say they recovered evidence that more than 40 rounds were fired in the shooting.

Screen Shot 2022-08-14 at 9.15.07 AM

Minnesota Wild back away from thin blue line T-shirt giveaway

The giveaway backfired when word of it reached social media.

Screen Shot 2022-08-13 at 1.26.13 PM

Workers at Minneapolis Trader Joe's become 2nd in nation to unionize

The vote was certified by the National Labor Relations Board Friday.

ATV, all-terrain vehicle

Driver killed in ATV crash in Brooklyn Park

The crash occurred in Monroe Park Friday night.

ambulance

Woman killed by suspected drunk-driver in St. Louis County

The crash occurred on Highway 21 in Embarrass Township Friday night.

Jaelyn Campbell

11-year-old girl missing from Mille Lacs County

Jaelyn Campbell was last seen in Onamia.

Screen Shot 2022-08-12 at 1.58.08 PM

2 ejected, 1 killed in crash that closed southbound I-35

The State Patrol says neither were wearing seat belts.

best buy

Best Buy makes job cuts weeks after warning of soft sales

The Richfield retailer has been dealing with a shift in consumer trends.

Screen Shot 2022-08-12 at 10.26.20 PM

Man makes 'vague comments' about Jewish people, smashes own car with club

It happened at a course that was founded as a Jewish country club 100 years ago.

Screen Shot 2022-08-12 at 9.59.07 PM

4 abandoned puppies found in a bucket in Willmar

The puppies were in good health when they were discovered.

Minneapolis police

Suspect of home invasion, murder in Minneapolis arrested in Wisconsin

There have been 57 deaths reported as homicides in Minneapolis this year.

Related