(Photo by Jeff Beach/North Dakota Monitor)
(North Dakota Monitor) – Xcel Energy has agreed to cut a proposed electricity rate increase for North Dakota customers.
The agreement that is pending approval with the North Dakota Public Service Commission would raise overall rates by 10.37%, with the increase for residential customers at 12.92%.
Northern States Power Co., part of Minnesota-based Xcel Energy, had originally asked for a rate increase of 19.34% with the residential rate increasing by more than 24%.
A Public Service Commission hearing went over details of the rate request and the compromise agreement.
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