Xcel Energy's latest rate increase approved by regulators


Minnesota's Public Utilities Commission unanimously approved a temporary rate increase for Xcel Energy Thursday.

The Star Tribune reports the 4.6 percent interim hike takes effect next month and is the sixth increase in eight years for Xcel. Thursday's approval means the interim hike will be in place while Xcel's request for a permanent increase winds through a yearlong regulatory process, the Star Tribune says.

The newspaper says lawyers representing the state and Twin Cities suburbs unsuccessfully urged the Commission to reject the increase or scale it back. For a residential customer using the average amount of kilowatt hours, it translates into a $4 monthly increase, bringing the average bill to $84.39.

Xcel Energy recently finished upgrades to it nuclear power plant in Monticello that wound up costing $665 million, which more than doubled its original estimates. The Public Utilities Commission is investigating the cost overruns and Xcel filed documents in October defending its handling of the Monticello project.

This week the Nuclear Regulatory Commission signed off on Xcel's request to boost the energy output at the plant by 12 percent, the St. Cloud Times reported. Xcel says the production increase at Monticello will occur gradually.

Next Up

Screen Shot 2020-11-25 at 7.34.43 AM

Watch: Drunk squirrel in Minnesota captures the world's attention

The squirrel was immediately cut off after nearly tipping over.

Screen Shot 2020-11-25 at 7.15.09 PM

Small town gym refusing to close facing lawsuit from attorney general

The gym is facing a lawsuit and a temporary restraining order to halt their operations.

credit card, payment

Money Gal Coaching: Bouncing back after living your best life

Kelly Blodgett started Money Gal Coaching after paying down nearly $50K in debt in 18 months.


When do stores open on Black Friday this year?

Many major retailers will be open Black Friday, some for extended hours.

police tape, crime scene

Man found dead outside home near Cass Lake

The man was reportedly shot outside the property.


Gov. Walz announces $1M in grants to boost Minnesota tourism

The money will be used for marketing efforts to attract people to Minnesota's hard-hit tourist spots.

coronavirus, ICU

Nov. 25 COVID-19 update: 72 deaths ties Minnesota's single-day high

A COVID-19 update will not be provided on Thanksgiving Day.


Revival to open its fourth Twin Cities location

The fried chicken and smoked meat maestros are moving to St. Louis Park.

Duluth and Case Recreation Center

St. Paul to open two extra temporary shelters for homeless people

Mayor Melvin Carter announced the new shelters will be opened in the event of excess demand.

vote, election

Minnesota once again had the highest election turnout in the country

Amid the COVID-19 pandemic, a record percentage of voters also sent in absentee ballots.