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Xcel Energy looking to raise ND rates

Xcel Energy, based in Minneapolis, Minn., asked the North Dakota Public Service Commission if the company could raise its rates by 9.25 percent. The Public Service Commission will review the request next spring, though Xcel would raise rates to 8.6 percent in February and would send a refund to customers if the full rate increase isn’t approved. Xcel Energy cites nuclear power plants and new transmission costs as reasons for the increase, which would bring in almost $17 million. See more in the Grand Forks Herald. (may require registration and locked after 1 week). See the Xcel Energy press release.

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