WCCO EYE4 LOGO WCCO Radio wcco-eye-white01, ww color white

Local

Xcel Files For Rate Hikes In Minnesota

View Comments
xcel energy logo, generic

(credit: Xcel Energy)

Get Breaking News First

Receive News, Politics, and Entertainment Headlines Each Morning.
Sign Up
Today's Most Popular Video
  1. WCCO Interview: St. Louis Park's 'You-Betcha! Minnesota-Made Festival'
  2. Dancin' Grandpa Turns Down For Nothing During '50s Medley
  3. Good Question: Where Can't US Airlines Fly?
  4. 4 Things To Know For July 23, 2014
  5. Minneapolis Hosting Cured And Crafted Food, Beer Event

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 This material may not be published, broadcast, rewritten or redistributed.)

View Comments
blog comments powered by Disqus