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.
Temp: 32°F (0°C)
Wind: 12 S