Behind Xcel's rate-hike request

  • Updated: November 2, 2012 - 9:03 PM
Xcel cites four reasons for its request to raise Minnesota electric rates by $285 million, or 10.7 percent overall. The biggest reason is its investment in various nuclear power plant upgrades. The effects of slack demand are the second-biggest reason.

Prairie Island and Monticello nuclear plants: $114 million 40% share of increase

Effect of slack demand: $75 million, 26% share of increase

Electricity grid, power plant upgrades: $56 million, 20%

Higher property taxes*: $40 million, 14%

* mostly due to increased investment

Source: Xcel Energy
  • get related content delivered to your inbox

  • manage my email subscriptions

ADVERTISEMENT

Connect with twitterConnect with facebookConnect with Google+Connect with PinterestConnect with PinterestConnect with RssfeedConnect with email newsletters

ADVERTISEMENT

Advertisement
Golden Gavel by Star Tribune

Time left for great deals

Bid thru Sept. 29

ADVERTISEMENT

ADVERTISEMENT

ADVERTISEMENT

ADVERTISEMENT

ADVERTISEMENT

 
Close