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North Dakota Approves Xcel Electric Rate Increase

By Bill Dubensky Feb 8, 2026 | 7:22 AM

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(North Dakota Monitor) – Utility regulators approved a compromise electricity rate increase for North Dakota customers of Xcel Energy, a deal they say shields those rate-payers from subsidizing renewable energy projects in Minnesota.

Northern States Power Co., part of Minnesota-based Xcel Energy, in 2024 asked the North Dakota Public Service Commission for an electric rate increase of 19.34% with the residential rate increasing by more than 24%.

Xcel Energy agreed to cut its proposed electricity rate increase for North Dakota customers.

The agreement raises overall rates by 10.37%, with the increase for residential customers at 12.92%.

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