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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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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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Xcel Energy wants to raise MN customers' electricity rates

If approved, rates go up by an average of $18.50 a month for customers.