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Published December 19, 2012, 02:21 PM

Xcel seeks 9.25 percent rate hike in North Dakota

BISMARCK - Xcel Energy hopes to raise its overall rates by 9.25 percent, the company said Friday, citing the cost of its nuclear power plants and transmission lines.

By: Forum Staff Reports, inforum.com, Forum Staff Reports, inforum.com

BISMARCK - Xcel Energy hopes to raise its overall rates by 9.25 percent, the company said Friday, citing the cost of its nuclear power plants and transmission lines.

The Minneapolis-based company made the request Friday with the North Dakota Public Service Commission, which is expected to hold public hearings in the spring.

However, Xcel said it will raise rates Feb. 16, increasing the typical residential customer’s monthly bill by 8.6 percent, or about $7. If the PSC ultimately approves a lower rate, the company said it will refund customers.

The rate hike would bring in $16.9 million, 90 percent of which will go to the continued operation of nuclear plants in Monticello and Prairie Island, Minn.; new transmission lines; and flood recovery in Minot, according to Xcel.

The company said it has nearly 90,000 customers in North Dakota.

On the Web: The rate hike request is at www.PSC.ND.gov.

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