Another Xcel Rate Hike Approved 13 Dec 13

Xcel Energy has been granted another rate increase from Minnesota regulators. The state Public Utilities Commission on Thursday approved the utility’s request for a 4.6% interim rate hike increase in January, the 6th rate hike in 8 years. The action comes just a month after regulators finalized Xcel’s 2013 rate hike, a 3.8% increase that was significantly less than what the company had sought. The State PUC unanimously approved the temporary rate hike, rejecting a request from the state attorney general’s office for no interim rate hike. Before 2006, Xcel Energy’s customers in Minnesota went 12 years without seeing their rates go up.