Xcel Energy Halves North Dakota Electricity Rate Hike Request, but 13% Residential Increase Still Looms
Xcel Energy agreed to reduce its requested electricity rate hike for North Dakota customers, with overall rates rising 10.37% and residential rates up 12.92% under a proposed settlement. The original request sought increases of 19.34% and over 24%, respectively. The deal, involving Xcel, PSC staff, and Walmart, awaits approval from the North Dakota Public Service Commission, which could vote as soon as January.