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Central Michigan Life - Digging into the FAFSA

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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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