Minnesota Power, Xcel Energy Receive State Approval For Rate Increases

(St. Paul, MN) — Customers of Xcel Energy and Minnesota Power will be paying more for energy next year. The state Public Utilities Commission approved an interim rate increase for Minnesota power that will increase residential rates by eight-point-six percent. That will add about eight-dollars a month to the average residential bill. The agency also approved a slightly smaller natural gas price hike for Xcel Energy customers. Both utilities have asked for large increases that are still being reviewed by the P-U-C.

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