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Xcel Energy rate hike Approved

Xcel Energy rate hike Approved Click to Enlarge Photo: John Foxx, Photos.com

Dec 12, 2013 at 1:34 pm

ST. PAUL, Minn. (AP) — Xcel Energy Inc. has won another rate increase from Minnesota regulators.

The state Public Utilities Commission on Thursday approved the Minneapolis-based utility's request for a 4.6 percent interim rate hike increase in January, the sixth rate hike in eight years.

The action comes just a month after regulators finalized Xcel's 2013 rate hike, a 3.8 percent increase that was significantly less than what the company had sought.

Reports say the PUC unanimously approved the temporary rate hike, rejecting a request from the state attorney general's office for no interim rate hike.

Before 2006, Xcel Energy's customers in Minnesota went 12 years without seeing their rates go up.

Abby Faulkner

Posted By Abby Faulkner

Assistant News Director

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