Xcel settles rate case for ND customers

Xcel electric customers in North Dakota will see their power bills rise by about 3.4 percent, if the North Dakota Public Service Commission approves.

That rate was the result of settlement negotiations between the utility, PSC staff and interveners.

Xcel had filed for a 10.8 percent increase last November. It reduced that to 9.3 percent in March. Now, the parties have agreed to 3.4 percent.

Xcel Regional VP Greg Chamberlain says  the agreement followed some tough negotiations.  “I believe we came out with a fair settlement and one beneficial to North Dakota customers.”

Under the settlement, Xcel will raise its monthly fixed cost from $14.50 to $15, and the average customer will also see their bills increase by approximately $2.50 a month. Because Xcel received an interim rate increase that was higher than the settlement, customers will see a refund, estimated to be about $26 per residential customer.

NDPPR/KNOX

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