Regulators approve another Xcel rate hike

  • Article by: David Shaffer , Star Tribune
  • Updated: December 12, 2013 - 9:21 PM

Interim 4.6 percent increase on electric rates will take effect next month.

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  • Comments

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commonsens4uDec. 12, 1312:30 PM

Must be nice to be able to just arbitrarily demand an income increase each year to guarantee millions of dollars in profits continue to rise to impress shareholders.

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cks1950Dec. 12, 1312:58 PM

COMMONSENS4U: "Must be nice to be able to just arbitrarily demand and income increase each year to guarantee millions of dollars in profits continue to rise to impress shareholders." _____While I voted thumbs up on your post I still find it bizarre that you didn't at least assign equal if not more blame to the rubber stamp commission that votes to approve every time.

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DanteDec. 12, 13 1:03 PM

1. What percent of my utility bill goes to pay for arena naming rights in St. Paul? 2. Why does a utility need to market itself with an arena?

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peoplewatchrDec. 12, 13 1:20 PM

So in 2008, natural gas was selling for about $8/unit. Now natural gas is selling for about $4.50/unit and has gradually declined since 2008. Why has there been any price INCREASE in the past 5 years? The price should be going down, not up!

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dirtydogsDec. 12, 13 1:40 PM

Aren't Xcel customers paying for the naming rights to the Wild's arena. Do we get dibs on the suite? Not sure how that lowers the energy costs to the consumer.

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sek2undrstndDec. 12, 13 2:05 PM

In related news, Xcel continues to increase the amount of money it gives to shareholders by increasing its dividend.

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oct98811Dec. 12, 13 2:09 PM

An extra $291 million for what? Did the greens fees at Interlachen go up? Just because customers get more efficient and use less energy is no reason to raise rates. All Public Utility Commissioners should be kicked out of office.

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deepbreathDec. 12, 13 2:25 PM

Naming rights are paid for by shareholders, NOT customers, just like every other company that puts its name on a sports building.

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riverrat76Dec. 12, 13 2:58 PM

The state gov't mandated more green energy and improved infrastructure. Most of you complainers on here we're probably all in favor of these green projects when they were approved. Utilities can only generate a capped rate of return on their investment. The state required the new investment so now we pay for it. Wind Towers don't fall out of the sky.

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adamskoglundDec. 12, 13 3:14 PM

"1. What percent of my utility bill goes to pay for arena naming rights in St. Paul? 2. Why does a utility need to market itself with an arena?" I'm sure this was a rhetorical question, but you made me curious so I looked it up. They paid $75 million in 1999 for a 25 year agreement. So...3 million per year....so...not much of your utility bill. As far as question #2 though? An excellent one. I've often wondered that myself. It's not as if people really get any choice in who their electric company is going to be, so why they'd need to advertise in such a major way is completely beyond me.

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