November 1, 2021 Star Tribune Jana Hollingsworth DULUTH – Minnesota Power on Monday proposed to state regulators an electricity rate increase of 17.58%, or $108 million. The Duluth-based utility’s typical residential customers would see an increase of about $15 a month, and small business customers an increase of $55 a month. The company requested an…
01Nov
Xcel asks to hike electric rates by $677 million per year
Published November 1, 2021 Xcel Energy is asking state regulators to charge its Minnesota electric customers an additional $677 million each year, increasing revenues by 21.2% over three years. Xcel’s rate increase request must be approved by the Minnesota Public Utilities Commission (PUC), and utilities almost never get the full increase that they ask for….
27Oct
Xcel seeks 20% electric rate increase over three years
October 26, 2021 MPR News Kirsti Marohn Minnesota’s largest utility, Xcel Energy, is asking to raise its electricity rates by around 20 percent over the next three years. Xcel says it needs the increase to cover the costs of replacing an aging electrical system as it transitions to more renewable energy. It comes at a…
27Oct
Xcel Energy requests 21% increase in electricity rates; here’s what that could mean
October 26, 2021 KARE11 Kent Erdahl MINNEAPOLIS — Minnesotans are already bracing for big jumps in heating costs this winter, and now the state’s largest electricity provider, Xcel Energy, is requesting a rate increase of around 20% over the next three years. Xcel is requesting an electricity rate increase of 21.2%, or $677.4 million, between…
26Oct
Xcel wants to increase Minnesota residential electricity bills by nearly 20%
October 25, 2021 Star Tribune Mike Hughlett Minnesota’s largest electric utility filed its rate case Monday with the state Public Utilities Commission, which must approve it. Xcel Energy on Monday proposed an electricity rate increase of 21.2%, or $677.4 million, over three years, with just more than half hitting Minnesotans’ pocketbooks in 2022. With the…
08Sep
IRPs, IDPs, and rate cases — Oh my!
Published September 8, 2021 It will be a busy fall at the Minnesota Public Utilities Commission. This blog post provides a brief overview of the policy and regulatory work CUB expects to be involved in over the next several months. There are already numerous complex dockets underway before the Commission, including several unique dockets arising…
03Aug
Minnesota Power to transition to time-of-day rates
Published August 3, 2021 After several years of study and analysis, Minnesota Power has received approval to transition residential customers to a new electric rate called a time-of-day (TOD) rate. The cost per kWh to customers would vary based on the time of day the energy is consumed. This transition will not happen immediately but instead…
19Jul
Minnesota Power moving to rates that vary by time of day
July 15, 2021 Star Tribune Brooks Johnson DULUTH – Minnesota Power is poised to be the first utility in the state to fully switch to “time of day” electricity rates for residential customers, meaning power is more expensive during certain hours and discounted when it is more readily available. The move is prompted by an…
20Mar
Minnesota lawmakers look to help customers deal with natural gas price spike
March 18, 2021 MinnPost Walker Orenstein The severe cold in the southern U.S. last month will result in higher natural gas bills for a huge swath of Minnesotans. In response, a pair of Minnesota lawmakers have introduced a bill at the Legislature to help low-income people shoulder the extra costs. The new measure would distribute…
22Dec
Xcel residential electric rates to remain the same for another year
Published December 22, 2020 Last Thursday, the Minnesota Public Utilities Commission (PUC) approved an arrangement that will avoid a rate increase for Xcel Energy’s residential customers in 2021. This fall, Xcel filed a “rate case” — a request to increase their base rates by 20 percent — with the PUC. At the time of filing,…