ND PSC accepts rate increase schedule from Xcel Energy
Xcel Energy has been discussing potential rate increases for some time with the North Dakota Public Service Commission (PSC), and the two entities have come to an agreement. The agreement will allow Xcel to increase rates for its customers in North Dakota by 4.9 percent each year between 2013-2014, which may add upwards of $1.22 to a customer’s bill each month this year and potentially $3.43 in 2015. The increase will allow Xcel to increase their revenue; this revenue will be used to expand service it currently offers, including a larger transmission grid and better distribution system. Read the full article from the Fargo-Morehead Forum.