PRINCE: Was To Meet With Addiction Doctor | Happiness As Jehovah's Witness | 911 Calls To Paisley Park
AHS: Help us raise money for the Animal Humane Society's Walk For Animals! Call 800-542-9226 or click here.

Xcel Files For Rate Hikes In Minnesota

ST. PAUL, Minn. (AP) — Xcel Energy is seeking permission to raise Minnesota electricity rates by 4.6 percent next year and 5.6 percent the year after.

The increase would bring in about $291 million. The utility’s 1.2 million customers would face an average increase of a bit more than $10 a month.

State regulators have typically cut Xcel’s rate increase requests in half in recent years.

Xcel’s Minnesota CEO, Dave Sparby, said the company is investing in nuclear power plants, transmission and distribution lines and other projects including new wind farms. The company is eying additional rate hike requests from 2016 to 2018, but lower than those proposed this week.

(© Copyright 2013 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)

Comments

More From WCCO | CBS Minnesota

Batting Practice Buddies
The Leaderboard

Listen Live