Behind Xcel's rate-hike request

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  • Updated: November 2, 2012 - 9:03 PM

Xcel cites four reasons for its request to raise Minnesota electric rates by $285 million, or 10.7 percent overall. The biggest reason is its investment in various nuclear power plant upgrades. The effects of slack demand are the second-biggest reason.

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browncoat1Nov. 4, 12 6:56 PM

I guess there is something to this story I just don't understand. We are encouraged to conserve energy (smart thing) and then are penalized for conserving (not so smart thing). As consumers we do not necessarily have a number of energy providers we can chose from. If we did, may be this would make you, Xcel, more of an energy smart organization. What other ways are you working on to use more natural resources to generate electricity? Will the consumer receive a reduction in costs once these upgrades are made? I highly doubt it. Come on Xcel, you are asking for way too high of an increase!

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