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Xcel

Utility efficiency rebates for households increase in 2024

Published February 29, 2024 Minnesota’s 2023 legislative session resulted in several fundamental changes to energy policy. It is now a state goal to reach a net-zero emissions economy by 2050, and utilities must transition to generating 100 percent carbon free electricity by 2040. Major changes will have to take place at the utility scale and…

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…

Step-by-step guide to avoiding utility disconnection

Published September 26, 2023 So, you’re a few months behind on your energy bill, and you’ve received a disconnection notice. Don’t panic – there are avenues to find your way out of this situation and keep your power or gas on without breaking the bank. Keep reading for our step-by-step guide to avoiding disconnection: 1….

Advanced Meters: PUC takes steps to ensure Xcel customers receive benefits and are protected from high costs

Published July 24, 2023 Xcel’s electric rate case is not the only reason the company’s customers will see their electric bills increase. Recently, the Public Utilities Commission (PUC) heard a petition from Xcel to recover the costs associated with installing advanced meters. While these meters can provide customers with significant benefits, they are expensive. Cost…

Xcel electric customers to see rate refunds

Published June 29, 2023 On June 1, 2023 the Minnesota Public Utilities Commission approved a 9.6% rate increase over three years for customers of Xcel Energy’s electric utility. This final rate increase is much lower than the 21.2% rate increase Xcel had initially proposed. It is also lower than the 8.92% interim (temporary) rate increase…

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…

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