(St. Paul, MN) — Xcel Energy is withdrawing a highly contested request for a 122-million dollar rate increase after reaching a compromise with state regulators. The increase was intended to recoup costs after massive storm damage. The Minnesota Public Utilities Commission has unanimously accepted an alternative plan from the Minneapolis-based company. The complicated plan involves changes in accounting for certain costs and revenues.
Xcel Compromises With State Regulators Over Storm Costs
By Ashley Hanley|2022-12-07T05:22:33-06:00December 7th, 2022|