Xcel wants more Minnesota rate hikes, partly for nuclear costs

  • Article by: David Shaffer , Star Tribune
  • Updated: August 1, 2013 - 9:57 PM

The Minneapolis-based utility wants to bill ratepayers for its investments in its nuclear power plants and other infrastructure.

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johnmplsAug. 1, 1310:20 PM

Come on David Shaffer.....Be completely honest with us. YES, part of rate hike is for nuclear costs. BUT what percentage of the hike is it, and what percentage of the hike is due to the higher costs of green energy we have forced onto the utility?

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traugeamAug. 2, 1311:17 AM

Why doesn't this article mention Minneapolis's proposal for a public utility? Xcel has been trying to argue that a public utility would cost users more. If Xcel raises their rates like this, a public utility could cost us less.

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imkirokAug. 2, 1312:23 PM

Most, if not all of the rate hike, is for nuke plants (a failed and antiquated technology.) According to Xcel, wind is now cheaper than most of the other energy sources, especially for peak demand.

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stillonlymeAug. 2, 13 2:49 PM

What would stop XCel from raising even after a "multi-year" raise? No trust in that company anymore. But then again, how can we trust the city to manage this? They have gone against their constituents wishes time and time again.

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rlwr51Aug. 2, 13 4:10 PM

Coincidentally there is also an article today about what to do with the hydroelectric generator tunnels under the Pillsbury A Mill. The Ford plant also has a hydroelectric generator.

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rlwr51Aug. 2, 13 4:12 PM

stillonlyme - "The city" is run by people we elect. Maybe we should start taking city council elections seriously.

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ckoecherAug. 2, 13 5:29 PM

This information coming from the same CEO that wants to hold Minneapolis hostage for talking about making electric a municipal utility. I see now.

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stillonlymeAug. 2, 13 5:30 PM

@rlwr51: We do, but with the gerrymandering done recently, south of downtown, it's hard to have a say. A vote yes, a real say, no.

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Steve SteveAug. 2, 13 5:58 PM

Why aren't the upgrades to the nuclear plants just a cost of doing business and not a cost to pass on to their customers? When our store was remodeled or when we purchased new computer hardware and software, we didn't raise prices. We borrowed from our bank like any other business would do.

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garagewineAug. 2, 13 6:13 PM

Another reminder that low-carbon energy is not cheap. There are no free lunches.

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