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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….

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…

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…

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…

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…

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