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…
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…
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…
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…
Updated September 29, 2022 (Additional public hearings added); Published August 17, 2022 Last year, Xcel Energy filed a request to increase electric rates by more than 20 percent. If you are an Xcel customer, you are already seeing a 6.4 percent interim rate increase on your bills, which is in effect as the Public Utilities…
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…
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…
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…
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…
Published January 7, 2022 If you receive natural gas or electricity service from Xcel Energy, you’ll notice an interim rate increase on your next bill. Before the holidays, the Minnesota Public Utilities Commission (PUC) approved the increases, beginning January 1, but at substantially lower amounts than Xcel initially requested. An interim rate hike is a…
