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Xcel Energy significantly reduces proposed rate hike

The deal still needs approval by the state Public Utilities Commission. If approved, the average Xcel residential customer would see a 2.7 percent rate increase -- or an additional $2.30 a month.
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The deal still needs approval by the state Public Utilities Commission. If approved, the average Xcel residential customer would see a 2.7 percent rate increase -- or an additional $2.30 a month.

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Judge endorses dramatically lower Xcel Energy electric-rate increase

The recommendation is 63 percent lower than Xcel Energy's original request. A spokeswoman told the Pioneer Press residential customers would see their monthly bill increase by about $2. If the Minnesota Public Utilities Commission agrees with the judge, customers would receive a refund of about $24.

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The Minnesota Public Utilities Commission unanimously approved the rate increase, but it's actually less than half what the Minneapolis-based utility originally requested. The Star Tribune reports the average residential customer will get a $30 refund because they've already been paying a higher interim rate.