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Xcel Energy Proposes Lower Rate Hike Amid Public Concerns

12/2/2025

Summary

Story summary

Xcel Energy proposes a reduced North Dakota rate increase to 10.37%, down from 19.34%, with residential rates rising 12.92%.
The North Dakota Public Service Commission (PSC) is expected to vote on the proposal in January.
The plan addresses rising costs, including inflation, by funding infrastructure improvements, according to Xcel Energy.
Public concerns focus on seniors and fixed-income residents and Minnesota energy policies' influence on North Dakota rates.

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Story summary

Xcel Energy proposes a reduced North Dakota rate increase to 10.37%, down from 19.34%, with residential rates rising 12.92%.
The North Dakota Public Service Commission (PSC) is expected to vote on the proposal in January.
The plan addresses rising costs, including inflation, by funding infrastructure improvements, according to Xcel Energy.
Public concerns focus on seniors and fixed-income residents and Minnesota energy policies' influence on North Dakota rates.