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Electric Rate Increase

© 2022 Xcel Energy Inc. ELECTRIC RATE INCREASE NOTICE NOTICE OF PUBLIC HEARINGS FOR XCEL ENERGY MINNESOTA CUSTOMERS Xcel Energy has asked the Minnesota Public Utilities Commission (MPUC) to approve an increase to electric rates over a three-year period beginning January 2022. The requested increase for 2022 is about 12.2 percent, or $396 million. Xcel Energy requested an additional 4.8 percent, or $150.2 million, for 2023; and an additional 4.2 percent, or $131.2 million, for 2024. On average, the proposed final rate change, which includes the 2022 Test Year and 2023 and 2024 Plan Years, would increase the bill for a typical residential electric customer by $18.56 per month. The MPUC may either approve or deny the requested changes and may approve a lesser or greater increase than was requested for any customer class or classes of service. The MPUC will likely make its decision on our rate request in the second quarter of 2023. If final rates are lower than interim (temporary) rates, ....

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Natural Gas Rate Increase

NATURAL GAS RATE INCREASE NOTICE NOTICE OF PUBLIC HEARINGS FOR XCEL ENERGY MINNESOTA CUSTOMERS Xcel Energy has asked the Minnesota Public Utilities Commission (MPUC) to approve an increase to natural gas rates for distribution service. The requested increase is for about 6.6 percent or $35.6 million per year. The requested increase would add about $5.12 to a typical residential customer’s monthly bill. The MPUC may either approve or deny the requested changes, and may approve a lesser or greater increase than was requested for any customer class or classes of service. The MPUC will likely make its decision on our rate request in the second quarter of 2023. If final rates are lower than interim (temporary) rates, we will refund customers the difference with interest. If final rates are higher than interim rates, we will not charge customers the difference. If you move before a refund is issued and we cannot find you, your refund may be treated as abandoned property and sent to the Min ....

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Minnesota Court of Appeals Handles Supreme Court Remand by Deferring to MPUC's Findings on Gas Plant Need | Stoel Rives - Renewable + Law

Minnesota Court of Appeals Handles Supreme Court Remand by Deferring to MPUC's Findings on Gas Plant Need | Stoel Rives - Renewable + Law
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Reducing energy burden in Greater Minnesota

Reducing energy burden in Greater Minnesota
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Sustainable: Researching energy efficiency's future in Minnesota – Finance & Commerce

President Joe Biden and Gov. Tim Walz want to combat the global climate crisis with bold renewable energy investments combined with energy efficiency directives.
Energy efficiency standards will likely increase under Biden. In Minnesota, Walz wants to strengthen the state’s Conservation Improvement Program, which helps consumers and businesses save on energy.
Understanding how different strategies and products can help reduce energy demand through efficiency is the focus of the Commerce Department’s “Conservation Applied Research and Development” (CARD) program, part of the Division of Energy Resources.
Created by the Next Generation Energy Act of 2007 and funded by ratepayers, the CARD initiative funds $2.6 million of annual energy research conducted by firms hired by the agency through a competitive process. Since the energy act requires utilities to reduce annually retail energy sales by 1.5% through efficiency programs, lawmakers included money for research ....

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