![UPDATE: Xcel Energy Reduces Minnesota Rate Hike Request](http://townsquare.media/site/67/files/2011/02/xcel_energy.jpg?w=980&q=75)
UPDATE: Xcel Energy Reduces Minnesota Rate Hike Request
ST. PAUL (AP) — Xcel Energy has reduced its proposed Minnesota electric rate increase.
The Minneapolis-based utility said Monday it lowered its proposed rate increase to 8.2 percent. Xcel proposed a rate hike of 10.7 percent in November.
Xcel Energy cites changed circumstances since its original request. The revised proposals reduce the utility's requested rate increase to about $220 million, down from $285 million.
Minnesota officials had urged state regulators to slash Xcel Energy's original request, citing "rate shock" among customers. The state Commerce Department recommended a smaller rate hike of about 3 percent to 4 percent.
Judy Poferl, president and CEO of Northern States Power Co.-Minnesota, an Xcel Energy company, says the revised request allows the utility to make upgrades while reducing the size of the requested increase for customers.
More From AM 1240 WJON
![St. Cloud Man Sentenced for 2022 Murder](http://townsquare.media/site/67/files/2024/03/attachment-Paul-Coleman.jpg?w=980&q=75)
![Huge Muffin Recall From This Minnesota Favorite Bargain Store](http://townsquare.media/site/65/files/2024/07/attachment-joshua-flores-via-unsplash.jpg?w=980&q=75)
![I-94 Project Between Monticello and Albertville Starts Soon](http://townsquare.media/site/67/files/2018/04/Road-Construction.jpg?w=980&q=75)
![Buckvold Looking to Lead St. Cloud As Next Mayor](http://townsquare.media/site/67/files/2024/04/attachment-thumbnail_20240206-AnneBuckvold-LakeGeorgeStCloud-1.jpg?w=980&q=75)
![Support And Unity: Sherburne County Leaders Condemn Violence In Political Disagreements](http://townsquare.media/site/67/files/2024/07/attachment-Trump-AssassinationAttempt-GettyImages.jpg?w=980&q=75)
![Man’s Body Found After Jumping From Veterans Bridge](http://townsquare.media/site/67/files/2021/04/70240401_954648994892156_1160412640535642112_n-2.jpg?w=980&q=75)
![Little Falls Man Hurt After Motorcycle Crash Friday](http://townsquare.media/site/67/files/2023/05/Mayo-Ambulance-2.jpg?w=980&q=75)
![See What Happens When The Sun Goes Down At Sleepover Safari](http://townsquare.media/site/67/files/2024/07/attachment-tiger.jpg?w=980&q=75)
![Two Hurt in Stearns County Crash Near St. Rosa](http://townsquare.media/site/67/files/2024/07/attachment-Crash-with-Injuries.jpg?w=980&q=75)