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Xcel Energy customers push back against proposed rate hikes
Xcel Energy requests a 13.2% rate increase to fund system reliability, clean energy, and nuclear investments, impacting nearly 1.5 million Minnesota customers with an average $165 annual rise.
- Xcel Energy, Minnesota's largest electric utility, proposed nearly 10% rate increases starting in 2025, with public hearings from September 15 to 25 held statewide including virtual options.
- Xcel's request follows a 2021 state-approved three-year plan and a temporary 5.2% rate increase effective since January while regulators debate the full proposal.
- The two-year plan seeks $491 million in total new revenue to fund reliability improvements, clean energy projects, and nuclear plant investments to meet growing electricity demand.
- If approved, typical residential customers would see electric bills rise about $13.31 monthly, though refunds may occur if final rates are lower than current temporary ones.
- Public concern surfaced as some customers struggle to afford hikes, while Xcel expands energy assistance programs; the Utilities Commission will issue a final ruling by July 31, 2026.
16 Articles
16 Articles
Public hearings planned on Xcel Energy’s proposed rate increase
The public has a chance to weigh in on Xcel Energy’s proposed rate increase at upcoming hearings across the state in September. If state regulators approve, Xcel’s rates would rise by 9.6% this year and another 3.6% in 2026, generating a total of about $491 million. Xcel is Minnesota’s largest electric utility, with about 1.3 million electric customers in the state. It says it needs the increase to improve the reliability of its electric system,…
Duluth News Tribune
Xcel’s proposed electricity rate hike set for public debate
ST. PAUL — The public has a chance to weigh in on Xcel Energy’s proposed rate increase at upcoming hearings across the state in September. If state regulators approve, Xcel's rates would rise by 9.6% this year and another 3.6% in 2026, generating a total of about $491 million. Xcel is Minnesota’s largest electric utility, with about 1.3 million electric customers in the state. It says it needs the increase to improve the reliability of its elect…
Xcel Energy rate hike proposal: What you need to know
Minnesota’s largest energy supplier, Xcel Energy, has proposed new electricity rate increases of nearly 10% for customers that would begin in 2025 and 2026. The public can now weigh in on the proposals, with a public hearing scheduled on Sept. 15.
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