RATE HIKE

Xcel Energy seeks electric rate hike of about 20%

MINNEAPOLIS – Xcel Energy wants to increase electric rates by about 20% over the next three years, adding an average $15 to $21 per month cumulatively to residential customers’ bills. Minneapolis-based Xcel filed its request with the Minnesota Public Utilities Commission, which must approve any increase. The rate hike would generate about $677 million over the three years with a…