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Continued: Xcel wants more Minnesota rate hikes, partly for nuclear costs

  • Article by: DAVID SHAFFER , Star Tribune
  • Last update: August 1, 2013 - 9:57 PM

“In Minnesota, we are seeing an erosion in sales,” Madden said.

Over the next five years, Xcel expects power sales to grow 1 percent annually over its eight-state region — a bit less than that in Minnesota and Colorado, and a bit more in Wisconsin and Texas regions.

One reason behind the latest sales drop: the June storm that knocked out power to 600,000 Minnesota customers. But Fowke said the company showed its operational excellence by restoring power to 96 percent of those customers in three days and all customers in six.

Xcel shares rose 39 cents, or 1.3 percent, to $30.34 Thursday.

Staff writer Steve Alexander contributed to this report.

David Shaffer• 612-673-7090

Twitter: @ShafferStrib

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