skip to main content
skip to newscasts

Friday, April 19, 2024

Public News Service Logo
facebook instagram linkedin reddit youtube twitter
view newscast page
play newscast audioPlay

Tribal advocates keep up legal pressure for fair political maps; 12-member jury sworn in for Trump's historic criminal trial; Healthcare decision planning important for CT residents; Debt dilemma poll: Hoosiers wrestle with college costs.

view newscast page
play newscast audioPlay

Civil Rights activists say a court ruling could end the right to protest in three southern states, a federal judge lets January 6th lawsuits proceed against former President Trump and police arrest dozens at a Columbia University Gaza protest.

view newscast page
play newscast audioPlay

Rural Wyoming needs more vocational teachers to sustain its workforce pipeline, Ohio environmental advocates fear harm from a proposal to open 40-thousand forest acres to fracking and rural communities build bike trail systems to promote nature, boost the economy.

MN Commerce: Xcel's Rate Hike Request Doesn't Add Up

play audio
Play

Monday, March 25, 2013   

ST. PAUL, Minn. - State officials say Xcel Energy's math doesn't add up in the company's latest request for a rate hike. The utility is seeking an increase that would raise customer rates by 12 percent, or about 10 dollars a month on average.

The Minnesota Department of Commerce has analyzed the request and concluded it should be reduced dramatically. According to Commissioner Mike Rothman, one concern is that Xcel is underestimating its projected revenue.

"Another very major factor was the Xcel estimation for the proposed costs," he specified. "They were too high, overstated, and we took those into account and came up with what we believe is a more reasonably-priced alternative."

Xcel's overall request is for a base rate hike of $285 million. The Commerce Department believes that should be cut by 67 percent.

Xcel's Laura McCarten said the request was made to keep service safe and reliable for its 1.2 million customers in Minnesota.

"And as we go forward, we expect to be able to work with the Department of Commerce and other parties to try to get to constructive results and ultimately, get this before the Public Utilities Commission with a very thorough record, so it can make a well-informed decision," McCarten stated.

The Public Utilities Commission makes the ultimate decision on the rate increase figure, which is expected sometime this fall.

In addition to the reports from Xcel and the Commerce Department, the Commission will also consider public comment. So, groups such as the AARP are telling customers to weigh in, and Rothman said they do still have that option.

"They can go onto a website and submit written comments directly to the Public Utilities Commission, which is 'www.puc.state.mn.us', and it's important to do that sooner rather than later, to ensure full consideration."

The deadline to comment is March 31.

Xcel customers are already paying an extra 9 percent under an interim rate increase that took effect in January. If the PUC decides on a lower rate, customers would be refunded the difference.

Attorney General Lori Swanson wants to put stricter limits on that kind of practice, saying "rate hikes should not be automatic, even temporarily."

More information is at bit.ly/14e9E5L.




get more stories like this via email

more stories
The Bureau of Land Management's newly issued Public Lands Rule is designed to safeguard cultural resources such as New Mexico's Chaco Culture National Park. (Photo courtesy SallyPaez)

Environment

play sound

Balancing the needs of the many with those who have traditionally reaped benefits from public lands is behind a new rule issued Thursday by the Bureau…


Health and Wellness

play sound

Alzheimer's disease is the eighth-leading cause of death in Pennsylvania. A documentary on the topic debuts Saturday in Pittsburgh. "Remember Me: …

Social Issues

play sound

April is Financial Literacy Month, when the focus is on learning smart money habits but also how to protect yourself from fraud. One problem on the …


Social Issues

play sound

The need for child care and early learning is critical, especially in rural Arkansas. One nonprofit is working to fill those gaps by giving providers …

Workers harvest a field before the annual Skagit Valley Tulip Festival. (Jeff Huth/Adobe Stock)

Environment

play sound

An annual march for farmworkers' rights is being held Sunday in northwest Washington. This year, marchers are focusing on the conditions for local …

Social Issues

play sound

A new Gallup and Lumina Foundation poll unveils a concerning reality: Hoosiers may lack clarity about the true cost of higher education. The survey …

Environment

play sound

As state budget negotiations continue, groups fighting climate change are asking California lawmakers to cut subsidies for oil and gas companies …

 

Phone: 303.448.9105 Toll Free: 888.891.9416 Fax: 208.247.1830 Your trusted member- and audience-supported news source since 1996 Copyright © 2021