Xcel Energy

Xcel cuts electric rate increase for North Dakota customers in half

Public Service Commission members Sheri Haugen-Hoffart, left, and Randy Christmann take part in a meeting in Bismarck on Jan. 8, 2025. The commission is considering a rate increase for Xcel Energy. (Photo by Jeff Beach/North Dakota Monitor)BISMARCK, N.D. (North Dakota Monitor) — Xcel Energy has agreed to cut a proposed electricity rate increase for North Dakota customers. The agreement that…

Midwest’s largest battery energy storage site to be built in central Minnesota

BECKER, Minn. (KVRR) — Xcel Energy has announced plans to build the Midwest’s largest battery energy storage site. It’ll be at the Sherco Energy Hub in Becker in central Minnesota. The proposal, filed with Minnesota Public Utilities Commission last Friday, would double the amount of battery storage adjacent to the Sherco coal plant which is scheduled to retire by the…

Electricity rate increase could cost NDSU $1 million annually

Alex Nisbet, a regulatory policy specialist for Xcel Energy, speaks during a public input session hosted by the North Dakota Public Service Commission on July 29, 2024. (Photo by Michael Achterling/North Dakota Monitor)FARGO, N.D. (North Dakota Monitor) — A proposed electric rate increase would cost North Dakota State University about $1 million a year, a representative of the college told…

Xcel’s coal exit an issue in North Dakota electric rate case

Electric transmission lines cross a field in central North Dakota. (Photo by Jeff Beach/North Dakota Monitor)BISMARCK, N.D. (North Dakota Monitor/KVRR) — Xcel Energy customers in North Dakota are facing an unusually large increase in their electric bill, which a North Dakota official attributes in large part to the company’s move away from coal. Northern States Power Co., part of Minnesota-based…

Public hearing set on Xcel Energy rate increase for North Dakota customers

BISMARCK, N.D. (KVRR-KFGO) – The Public Service Commission has scheduled a public hearing later this month on Xcel Energy’s proposed 19% electric rate increase in North Dakota. It’s the largest rate increase ever requested by Xcel for North Dakota’s 97,000 customers. The increase would bring in more than $44 million a year for Minnesota-based Xcel. The hearing will be held…

Minneapolis-based Xcel Energy to pay more than $600 million to settle Colorado wildfire lawsuits

FILE – A fire burns in a home destroyed by the Marshall Wildfire in Louisville, Colo., Dec. 31, 2021. (AP Photo/Jack Dempsey, File)DENVER (AP) — Xcel Energy said Wednesday it expects to pay about $640 million to settle lawsuits alleging it was responsible for starting Colorado’s most destructive wildfire that killed two people and destroyed nearly 1,000 homes in 2021….

Xcel can pay lower rate to community solar subscribers, Minnesota appeals court rules

ST. PAUL, Minn. (Minnesota Reformer) — Xcel Energy can retroactively reduce payments to most of the roughly 30,000 Minnesotans who subscribe to community solar gardens, the Minnesota Court of Appeals ruled on Monday in a significant victory for the utility company. The decision ratifies an earlier Minnesota Public Utilities Commission order that cut compensation for customers who subscribed to “legacy” gardens built…

Crews respond to gas leak outside Grand Forks International Airport

GRAND FORKS, N.D. (KVRR) — Grand Forks Fire Department responds to a gas line that was hit outside Grand Forks International Airport. It happened around 9 a.m. at 2806 Airport Drive. Airport Fire personnel started to evacuate the buildings adjacent to the leak. Xcel Energy was able to quickly stop the leak. After no signs of gas, airport operations returned…

$25 million tax credits to North Dakota, South Dakota Xcel Energy customers

MINNEAPOLIS, Minn. (KVRR) — Xcel Energy is moving forward with plans to deliver $25 million back to North Dakota and South Dakota customers on their bills. This is the first time customers will see savings from the federal tax credit on nuclear energy generation, which the company advocated for in recent law. Starting this month, the average residential customer in…

Xcel Energy Proposes $318 Million Refund or around $81 Per Customer in Minnesota

MINNEAPOLIS, Minn. (KVRR) — Xcel Energy is giving its customers in Minnesota an average refund of $81. Most of the refund is coming from federal tax credits on the energy generated by the company’s nuclear fleet. The credits were created under the Inflation Reduction Act. The nuclear energy generation tax credits will make up $176 million, about 55%, of the…