Xcel

Although final rate hike still pending, Xcel electric customers will not see an interim cost increase at the start of 2023

Published December 14, 2022 Last year, Xcel Energy filed a request with the Public Utilities Commission (PUC) to increase rates for its Minnesota electric customers. Because the process for evaluating whether these new rates should be allowed (i.e. a “rate case”) takes time, Minnesota law allows Xcel to increase electricity rates on a temporary basis…

Xcel drops request to raise electric rates next year

December 7, 2022 MPR News Kirsti Marohn Xcel Energy has dropped a controversial request for a $122 million electric rate increase next year. Minnesota’s largest electric utility, which serves 1.3 million customers in Minnesota, requested to raise rates about 21 percent over three years.  Last year, the state Public Utilities Commission granted Xcel an interim…

CenterPoint, Xcel challenge decision forcing them to pay more of historic winter storm’s costs

November 9, 2022 Star Tribune Mike Hughlett Minnesota’s two largest gas utilities are challenging a state ruling prohibiting them from together charging consumers $55 million for costs incurred during a 2021 winter storm. CenterPoint Energy and Xcel Energy on Tuesday asked the Minnesota Public Utilities Commission (PUC) to “reconsider” its August decision, which faulted the two utilities…

CUB continues to fight Xcel’s request to raise electric rates

Published October 27, 2022 Last year, Xcel Energy filed a request with state regulators to charge its Minnesota electric customers an additional $677 million over the coming years. In its filing, Xcel addresses several reasons why it seeks to raise rates. For example, Xcel notes that it will be incurring additional costs to build new…

State regulators approve Xcel plan that shifts from coal to nuclear energy, renewables

February 8, 2022 Star Tribune Mike Hughlett Minnesota utility regulators on Tuesday unanimously approved Xcel Energy’s long-term plans for power generation, which are aimed at reducing greenhouse gas emissions while maintaining reliable and affordable electricity. The Public Utilities Commission (PUC) gave the go-ahead for Minneapolis-based Xcel to close its coal plants by 2030, extend the…

Xcel electricity plan approved: clean energy, storage, and transmission

Published February 9, 2022 Yesterday, the Minnesota Public Utilities Commission (PUC) made its determination in Xcel Energy’s integrated resource plan (IRP), mapping Xcel’s future power generation. The plan will substantially reduce emissions while maintaining reliability. Under the plan, Xcel will close expensive fossil fuel generators, build out clean energy resources, help affected power plant workers…

Xcel pilot will provide training, career opportunities for women, veterans, BIPOC Minnesotans

Published January 28, 2022 We previously wrote about CUB’s support for an Xcel workforce development pilot program. This blog post provides an update on this program, which the Minnesota Public Utilities Commission (“PUC”) recently approved. In May of 2020, the PUC opened a docket (the “Economic Recovery” docket) with the goal of identifying possible utility investments that…

Xcel’s long-range plan faces pushback over role of fossil peaking plants

January 21, 2022 Energy News Network Frank Jossi Xcel Energy’s proposal to potentially build two new natural gas peaking plants has become a key point of contention in the utility’s long-term resource plan currently before Minnesota utility regulators. The two natural gas combustion turbine plants are part of Xcel’s integrated resource plan, a document utilities…

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