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The average residential customer of Xcel Energy in North Dakota would see a $7.34 increase in monthly electricity costs under a $19.2 million rate hike request outlined to the North Dakota Public Service Commission Thursday.
The PSC held two public input sessions Thursday, in advance of a more formal hearing in July. Commissioners could reach a decision this fall, allowing any new rate to take effect next year.
In the meantime, Xcel imposed an interim rate increase on Jan. 5 to collect $16.4 million this year, although it proposes to reduce that amount by $3 million due to a planned change in the rate request before the PSC. The company is in the process of revising its rate increase request downward from the original $22.2 million filed last November. ....

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