(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|
About the Author: Ashley Hanley
Ashley (Goettl) Hanley is a North Mankato native and Mankato West graduate who made the switch from TV journalism to radio. After five years at KEYC News 12, Ashley is thrilled to be working for KTOE News. Ashley and her husband John, and son John, enjoy spending time in the community. You can also find Ashley coaching and playing softball and supporting her brother on the MSU football team and her sister with Scarlet athletics. Even though she went to the University of Wisconsin-River Falls, Ashley kept her Minnesota roots and is a big Twins and Vikings fan!