Feb 27, 2014 at 7:00 am
The North Dakota Public Service Commission has approved a rate plan for Xcel Energy covering the next several years.
The agreement provides for three annual rate increases of 4.9 percent in 2013, 2014 and 2015, followed by a rate freeze in 2016. When the new rates take effect on May 1, 2014 residential customers can expect a small increase – on average about $1 – in their monthly bills from the interim rate level. Also, because interim rates in effect since February 2013 until May 1, 2014 were higher than the final rates, Xcel Energy’s 90,000 North Dakota electricity customers will get refunds this summer totaling about $3.6 million, or $19 for the typical residential customer.
KNOX / Doug Barrett