Xcel Energy proposes nearly 10% increase to 2025 rates [Yahoo! Finance]
Xcel Energy Inc. (XEL)
Last xcel energy inc. earnings: 1/30 06:00 am
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Source: Yahoo! Finance
Electricity rate increases What we know: On Nov. 1, 2024, Xcel Energy submitted a two-year proposal to the Minnesota Public Utilities Commission (MPUC) for increased electric rates to take effect in 2025 and 2026. The requested 2025 increase is approximately 9.6% - or an extra $9.89 for the average residential customer's monthly electric bill. In 2026, the company is then requesting an additional 3.6%, or $3.90. While the MPUC reviews Xcel Energy's request, the interim rate increase for 2025 is 5.2% - or $5.39 per month – for the average residential customer. The interim rate takes effect on Jan. 1, 2025. If final rates approved by the MPUC are lower than current interim rates, the company says it will apply a refund in the form of a one-time credit with interest on customers' bills. The company says it anticipates a MPUC decision in the summer of 2026. Click to open this PDF in a new window. Increased investment Dig deeper: The company says the proposed rate increase
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XEL
News
- Xcel Energy gets U.S. approval to extend Monticello nuclear operations [Seeking Alpha]Seeking Alpha
- Xcel Energy’s Monticello Nuclear Plant Receives Federal Approval to Extend OperationsBusiness Wire
- Xcel Energy customers see temporary rate increase, public comment period open [CBS News]CBS News
- Health department monitoring Colorado renewable energy plant for excessive fumes [CBS News]CBS News
- Climate and Energy Analytics Startup Sunairio Raises $6.4 Million to Help Energy Sector Navigate Unprecedented Grid VolatilityPR Web
XEL
Earnings
- 10/31/24 - Miss
XEL
Sec Filings
- 12/31/24 - Form 4
- 12/31/24 - Form 4
- 12/31/24 - Form 4
- XEL's page on the SEC website