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CUB requests improvements to Xcel’s proposed time-of-use rate

Published May 22, 2024 In December 2023, Xcel Energy filed a petition to implement a default Time-of-Use (TOU) rate for all residential customers, with the option to opt-out. CUB and other parties filed initial comments responding to Xcel’s proposal last week. CUB generally supports TOU rates, as they could provide many potential benefits to customers…

CUB fights Xcel’s attempts to raise natural gas rates 

Published April 23, 2024 In November 2023, Xcel filed a natural gas rate case in Minnesota, seeking to raise gas revenues by approximately $59 million, or 9.6 percent. If approved, this most recent request would cause residential customers’ gas bills to increase by $6.93 monthly, or $83.16 annually. A portion of this increase has already…

Spring Savings: Tips to keep your energy bills low

Published April 15, 2024 After a very mild Minnesota winter, temperatures have begun to rise and the trees are turning green again. Like autumn, Minnesota spring usually correlates to reduced energy bills, as mild temperatures result in reduced heating and cooling usage. However, there are still plenty of strategies to keep your energy usage low…

Electric Co-op Members: Make your voice heard in upcoming elections

Published February 28, 2024 If you live in a rural area, odds are that your electricity is provided by a local electric cooperative (co-op). Co-ops are owned by the same community members they serve. Unlike major investor-owned utilities like Xcel or Minnesota Power, electric co-ops are often not typically regulated by the Public Utilities Commission…

Xcel’s 2023 year-end earnings call shows Xcel continues to do well “despite” Minnesota rate case decision

Published January 26, 2024 On January 25, Xcel Energy, Inc. (the parent company of Northern States Power Company, Minnesota’s largest electric utility) held its 2023 year-end earnings call. The purpose of this call was to inform Xcel shareholders and investors of its recent financial performance and how Xcel’s corporate officers expect that performance to look…

Electric Heat in Minnesota: A guide to saving money this winter

Published December 1, 2023 Heating our homes is a major energy expense in Minnesota.  The amount we pay can vary significantly based on the type of heating system and type fuel used.  Around 20 percent of Minnesota households heat their homes using electricity, especially in greater Minnesota.  If these homes use electric resistance heat (think…

PUC approves MERC’s natural gas rate case settlement

Published October 27, 2023 On October 26, the Public Utilities Commission (PUC) accepted a settlement agreement that limited rate increases for customers of Minnesota Energy Resources Corporation (MERC). Under the settlement, the company lowered its request to raise rates from approximately $32.7 million to $21.2 million, a more than $11.5 million reduction. As a result, the residential rate…

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