Law judge finds Xcel rate request too high

Author:
Updated:
Original:

A state administrative law judge found that Xcel Energy's request for a 10.7 percent electric rate hike is too high.

The Star Tribune reports that Judge Jeanne Cochran recommended that the Minnesota electric utility be allowed to increase rates by 4.7 percent. Cochran found the utility this year likely will take in $26 million more than it projected and so it does not need as large of a rate hike.

The state Public Utilities Commission will ultimately set the new rates. The PUC is expected to arrive at a decision later this year.

If the PUC accepts Cochran's recommendation, Xcel customers would pay more than they did last year, but less than they do now. That’s because since Jan. 1, Xcel customers have paid 9 percent more in interim rates.

Last November, Xcel asked for an 11.7 percent rate hike, but has twice reduced the request. Most recently, the electric utility said it would take a 7.8 percent increase. The Minnesota Commerce Department said Xcel deserved only a 3.7 percent bump.

Next Up

Irv Cross

NFL Pro-Bowler, Twin Cities broadcaster Irv Cross dies at 81

Cross was a Pro Bowl cornerback, but his biggest impact was made after his career.

snow

Here's how much snow fell in Minnesota on Sunday

Some localized areas saw more than expected.

Lindsay Guentzel

For The Week: What's harder than making a meal plan? Sticking to it!

Lindsay Guentzel says you shouldn't give up on your meal planning routines.

snow, plow

Winter storm warnings issued as snow system shifts in Minnesota

The worst of the snow will now hit further north, affecting areas including St. Cloud and the I-94 corridor.

Matt Dumba

Matt Dumba beats the clock to give Wild sixth straight win

Dumba scored as overtime came to a close for another Wild victory.

Karl-Anthony Towns

Bradley Beal terrorizes Timberwolves in loss to Wizards

Beal and the Wizards handed the Wolves their seventh straight defeat.

Marcus Carr / Gopher basketball

Gophers tourney hopes take another blow with loss to Nebraska

Marcus Carr scored a career-high 41 points, but Minnesota is still winless on the road.

St. Paul police

St. Paul police arrest teenage boy in carjacking crackdown

This comes amid a dramatic spike in Twin Cities carjackings.

Related