November 11, 2021 Star Tribune Jana Hollingsworth DULUTH — Minnesota Power Wednesday proposed a reduced interim rate increase to its residential customers, following last week’s filing with state regulators. On Nov. 1, the Duluth-based utility proposed to the Minnesota Public Utilities Commission (PUC) an electricity rate increase of 17.58%, or $108 million. The company requested an interim…
10Nov
CenterPoint and Xcel each request gas rate hikes of over 6%, but also offer alternatives
Published November 10, 2021 As they say: when it rains, it pours. On top of already high natural gas prices — and in addition to rate hike filings by Minnesota Power and Xcel’s electricity business — the state’s two largest natural gas utilities have also requested to increase their base rates of providing service. In…
10Nov
Minnesota Power asks to raise rates by 18%
Published November 10, 2021 Minnesota Power, the company that provides power to Duluth and portions of northeast and north central Minnesota, is asking to charge customers an additional $108 million more each year. If approved, Minnesota Power says the request would mean a rate hike of 18.22%, or about $15 a month for a typical…
09Nov
Minnesota Power proposes 17.5% rate hike
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…