Xcel Energy Halves North Dakota Electricity Rate Hike Request, but 13% Residential Increase Still Looms
BISMARCK, N.D. — Xcel Energy has agreed to cut its requested electricity rate increase for North Dakota customers roughly in half under a proposed settlement, easing—but not eliminating—the hit to household and business power bills in 2025. Under the agreement, overall electric rates would rise by 10.37%, with residential customers facing a 12.92% increase. That’s down from the utility’s original request for a 19.34% overall hike and a residential increase of more than 24%. North Dakota Monitor+1 The deal still needs approval from the North Dakota Public Service Commission (PSC), which could vote on the case as early as January.