Red Lake Nation News - Babaamaajimowinan (Telling of news in different places)

Xcel wants to increase Minnesota residential electricity bills by nearly 20%


October 26, 2021

David Joles, Star Tribune

A big portion of Xcel's proposed rate increase would go toward building out transmission lines to connect to renewable power sources, the company says. Shown are lines near Hampton along Route 52.

Xcel Energy on Monday proposed an electricity rate increase of 21.2%, or $677.4 million, over three years, with just more than half hitting Minnesotans' pocketbooks in 2022.

With the rate hike, the company's average residential customers would see a 19% increase in their electricity bills from 2022 through 2024 - or on average $15 to $21 per month cumulatively.

"This is a pretty straightforward rate case," said Chris Clark, Xcel's president for Minnesota and the Dakotas. "It's really focused on the poles and wires part of our business and making the necessary infrastructure investments."


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