Thu, Jun 2nd, 2022 - 6:44am
December 07, 2022 - 9:16am | By Kyle Cornell
(St. Paul, MN) -- Xcel Energy is withdrawing a highly contested request for a 122-million dollar rate increase after reaching a compromise with state regulators.
The increase was intended to recoup costs after massive storm damage.
The Minnesota Public Utilities Commission has unanimously accepted an alternative plan from the Minneapolis-based company.
The complicated plan involves changes in accounting for certain costs and revenues.
