Xcel asks for 10 percent rate increase

  • Article by: DAVID SHAFFER , Star Tribune
  • Updated: November 2, 2012 - 9:59 PM

State's largest utility says it needs money to offset slack demand, maintain N-plants.

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WHIMSEYNov. 2, 12 3:18 PM

Xcel wants to raise rates because they have told us repeatedly to cut back on electrical use. You gotta love it. They will get the 10.7 on a short term basis then the PUC will say give back what ever percent as a refund. So they will really end up with what ever the percent they really wanted in the first place plus we gave Xcel a short term loan interest free. You just have got to love it!! Hey PUC tell them "NO" do what the rest of us have to do tighten the belt.

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dirtydogsNov. 2, 12 3:20 PM

That is ONE heck of an increase. Maybe they can forgo the naming rights of Xcel Energy center so save some money so we the consumer don't have to get stuck paying for the Top Exec's luxury boxes.

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goskiskiNov. 2, 12 3:23 PM

I see the Oregon regulators have ask their natural gas utilities to drop rates for their customers. Natural gas has become so cheap and the utilities were not passing the savings on to their customer so the regulators stepped in and forced them to do so. Xcel Energy uses natural gas as one source of power for their utilities. I think Minnesota regulators should review if the lower natural gas costs to Xcel are being passed on to customers before granting any rate increases.

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supervon2Nov. 2, 12 3:34 PM

We were lead to believe that all those windmills would bring down the cost of electricity. That was all free, wasn't it? How could this all be going south? Obama promised he would solve all the problems.

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grumple4Nov. 2, 12 3:37 PM

Let's get this straight: When demand lowers and supply stays relatively equal in a normal business, a company has to lower prices in order to stay competitive. However, when demand lowers for Xcel, they need to raise rates in order to build more supply? And when demand raises for Xcel, they also need to raise rates? No matter what happens, Xcel always wants to raise rates. Something smells funny...

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reader2580Nov. 2, 12 3:42 PM

Pay for nuclear plant upgrades? Didn't they just abandon the Prairie Island upgrade? A 10% increase is insane in today's economy.

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mike2636Nov. 2, 12 3:59 PM

David Exactly who are the "Minnesota Regulators?" They must have a name, and I would assume they are a public entity? I for one would like to be able to contact them and provide them my opinion. Or maybe they don't want anyone to know who they are because they are protecting the monopoly....or are just part of it?

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monkeyfurbalNov. 2, 12 4:17 PM

Thank you for the rate increase Mr Obama and your EPA. Here's hoping you are unemployed on Nov 6th, Mr Obama.

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bobblumenfelNov. 2, 12 4:19 PM

@Supervon2: You're thinking too small if you're trying to blame Xcel's decisions on Obama. There's a belief among some people that he's actually responsible for Hurricane Sandy, using a secret governmental project named HAARP. (Google it.) After all, why else would there be a major disaster right before Election Day if it's not a conspiracy of some sort?

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bobblumenfelNov. 2, 12 4:21 PM

@Mike2636: "The request will be reviewed by the Minnesota Public Utilities Commission, which would have to authorize an increase in base electricity rates. Xcel asked for an interim rate increase Jan. 1." Try looking up the Public Utilities Commission.

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