Minnesota regulators approve historic Xcel Energy rate increase of $244 million

Minnesota utility regulators Thursday approved a landmark four-year rate deal for Xcel Energy that will ultimately raise residential rates by 10.6 percent — though a big chunk of that increase is already in place.

The rate case is uncommon in two ways. It’s the first multiyear rate plan in Minnesota for investor-owned Xcel, made possible by a 2015 state law change.

http://www.startribune.com/state-regulators-approve-xcel-rate-increase/422056123/