Xcel Energy

Xcel Energy Upper Midwest customers to get nuclear energy tax credit

MINNEAPOLIS (KVRR) — Xcel Energy is starting to send over $130 million to its Upper Midwest customers from federal tax credits on the energy generated by the company’s nuclear fleet. That brings the total savings to over $330 million over the first two years of the credits. The company has two nuclear plants in Minnesota near Monticello and Red Wing….

Xcel natural gas rates going up April 1 in North Dakota

A residential natural gas meter from Northern State Power, now part of Xcel Energy. (Photo by Jeff Beach/North Dakota Monitor)FARGO (North Dakota Monitor) — Natural gas customers of Xcel Energy in North Dakota will see their rates go up more than 10% on April 1. The North Dakota Public Service Commission on Wednesday approved an interim rate increase while a…

North Dakota approves Xcel electricity rate increase

Randy Christmann, chair of the North Dakota Public Service Commission, speaks to a representative of Xcel Energy during a public input session concerning proposed natural gas rate increases on July 29, 2024. (Photo by Michael Achterling/North Dakota Monitor)BISMARCK, N.D. (North Dakota Monitor) — Utility regulators on Thursday approved a compromise electricity rate increase for North Dakota customers of Xcel Energy,…

Blinding Blizzard Reduces Visibility, Knocks Out Power

Outage maps seem to indicate the communities hardest hit are to the north and the east of Fargo.

FARGO, N.D. (KVRR) – Visibility on the roads in the Fargo-Moorhead area remained passable in the morning hours of December 18, but rapidly progressed to become heavily obscured as the day wore on. Perhaps the biggest impacts of this winter storm were to the electrical grid. Xcel Energy seemed to be hit the hardest, with a couple of transformers briefly…

State agencies push back on Xcel’s proposed gas price hikes amid ‘economic uncertainty’

ST. PAUL, Minn. (Minnesota Reformer) —  Xcel Energy gas customers are all but certain to see their rates increase next month. Minnesota utility regulators will meet Thursday to decide by how much and for how long. In October, Xcel asked the Minnesota Public Utilities Commission for permission to raise gas rates for the average residential customer by about $85 per year while…

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…