Share “ND regulators approve Xcel Energy rate...”

ND regulators approve Xcel Energy rate increases

Published on NewsOK Modified: February 26, 2014 at 2:34 pm •  Published: February 26, 2014

BISMARCK, N.D. (AP) — North Dakota's Public Service Commission has allowed Xcel Energy to raise its electric rates.

The agreement Wednesday provides for rate increases of 4.9 percent in 2013, 2014 and 2015. The rate would freeze in 2016. The new rates begin May 1.

The Minneapolis-based utility serves more than 90,000 electric customers in Fargo, West Fargo, Grand Forks and Minot.

Xcel has been collecting an interim rate increase of about 8 percent since February 2013.

When Xcel's higher rates took effect a year ago, they raised the monthly bill for a typical residential customer by $5.64 monthly. The new rate agreement will increase bills by $1.22 this year and $3.43 in 2015.

Because of the higher interim rate, the average customer will receive a refund of about $19.


  1. 1
    Crime on the decline in Tulsa Housing Authority housing complexes
  2. 2
    Clinton aide may have 'delivered favors' for friends, IG finds
  3. 3
    Reba McEntire and husband Narvel Blackstock announce separation
  4. 4
    Firefighters battling north OKC apartment fire
  5. 5
    Puzzling area between Edmond, Guthrie illustrates one of many challenges facing earthquake experts
+ show more


× Trending energy Article