Xcel Energy makes request to increase rates

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Xcel Energy filed a request on Friday with Minnesota regulators to raise energy rates by more than 10 percent, Star Tribune reports.
The company, which supplies more than 1 million Minnesotans with electricity, needs $285 million in extra revenue to pay for investments in a nuclear power plant in Red Wing and strengthening its power grid.
According to the report, Xcel has asked the Minnesota Public Utilities Commission to authorize the increase by Jan. 1.
If the request is passed, the average residential customer would see an increase of 12 percent, or about $9, per month on his or her energy bill, KARE 11 said. Businesses would also see an increase in their bills of about 9 percent per month.

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This page contains a single entry by pete8904 published on November 2, 2012 5:51 PM.

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