Contact Us

Xcel Energy Gets OK for Smaller Electric Rate Hike

Getty Images

ST. PAUL (AP) — Minnesota regulators have approved an electric rate increase that’s less than half of what Xcel Energy originally sought.

On a 4-0 vote, the state Utilities Commission Thursday approved a 2.7% rate increase for Xcel Energy’s electricity customers in Minnesota.

Residential customers will get a refund because they had been paying higher interim rates. The refund amounts to about $30 for an average residential customer.

Xcel Energy says the average customer will see a $2 per month decrease beginning in May.

Regulators largely accepted an agreement reached last November between Minneapolis-based Xcel and business groups that intervened to oppose the larger increase.

The Minnesota Commerce Department did not oppose the settlement.

Xcel is allowed to increase its rates by $72.8 million over two years.

(Copyright 2011 by The Associated Press. All Rights Reserved.)

 

 

More News from WJON

Best of the Web

Leave a Comment

It appears that you already have an account created within our VIP network of sites on . To keep your points and personal information safe, we need to verify that it's really you. To activate your account, please confirm your password. When you have confirmed your password, you will be able to log in through Facebook on both sites.

Forgot your password?

*Please note that your points, prizes and activities will not be shared between programs within our VIP network.

It appears that you already have an account on this site associated with . To connect your existing account with your Facebook account, just click on the account activation button below. You will maintain your existing profile and VIP program points. After you do this, you will be able to always log in to http://wjon.com using your Facebook account.

*Please note that your points, prizes and activities will not be shared between programs within our VIP network.

Please fill out the information below to help us provide you a better experience.

Register on AM 1240 WJON quickly by logging in with your Facebook account. It's just as secure, and no password to remember!

Not a Member? Sign Up Here.

Register on AM 1240 WJON quickly by logging in with your Facebook account. It's just as secure, and no password to remember!