Xcel Energy Could Give Refunds On Energy Bills

MINNEAPOLIS (WCCO) -- Don't let Thursday's cold temperatures make you worry about winter heating costs, you could soon be getting a rebate from Xcel Energy.

If a new agreement is approved by regulators, the company will give customers about $25 back.

On Friday, Xcel will propose a $58 million rate hike. It may seem like a lot, but it is about $100 million less than their previous request.

If the Minnesota Public Utilities Commission approves it, Xcel would owe the typical customer about $2.30 a month. That adds up to a little more than $25 for the year.

The refund would arrive as a credit on your energy bill.