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.
An administrative law judge says Xcel Energy’s proposed electricity rate hike should be held to 4.7 percent. In a filing with the Securities and Exchange Commission, Xcel said Monday that last week’s recommendations by Administrative Law Judge Jeanne Cochran would amount to a $127 million rate increase.