Dec 19, 2012 at 8:49 am
Xcel Energy has filed for an electric rate increase with the Dorth Dakota Public Service Commission. The utility is seeking a nine-point-two-five percent hike overall. The move would generate around 16-point-nine million dollars. Xcel says nearly half of the money is needed to continue operation of the Monticello and Prairie Island nuclear plants and to expand the Monticello plant. They provide about 30-percent of the power on Xcel’s upper Midwest system. The interim rate proposal will kick-in February 16th and cost the typical residential customer another seven-dollars per month. Xcel serves around 90-thousand customers in North Dakota. The North Dakota PSC will hold hearings on the increase next spring.