Xcel Energy Rate Increase Public Notice
9/4/2025
Northern States Power, doing business as Excel Energy, has sent a required notice to municipalities regarding their application for Authority to Increase Electric Rates filed in Docket No. E002/GR-24-320.
Notice of Public Hearing for Xcel Energy Minnesota Customers
Xcel Energy has asked the Minnesota Public Utilities Commission (MPUC) to approve an increase to electric rates over a two-year period beginning Jan. 1, 2025:
- The requested increase for 2025 is approximately 9.6 percent or $353.3 million.
- Xcel Energy requested an additional 3.6 percent or $137.5 million for 2026.
- On average, the proposed final rate change would increase the bill for a typical residential electric customer by $13.79 per month.
The MPUC may either approve, deny, or modify the requested changes, including approving a lesser or greater increase than was requested for any customer class or classes of service.
The MPUC will likely make its decision on our rate request in the third quarter of 2026. If final rates are lower than interim (temporary) rates, we will refund customers the difference with interest. If final rates are higher than interim rates, we will not charge customers the difference.
If you move before a refund is issued and we cannot find you, your refund may be treated as abandoned property and sent to the Minnesota Department of Commerce, Unclaimed Property Unit. You can check for unclaimed property at www.missingmoney.com. To make sure we can send you any refund owed, please provide a forwarding address when you stop service.
Public Hearings & Schedule
Administrative Law Judge Joseph C. Meyer will hold seven in-person public hearings and two virtual public hearings so that customers have an opportunity to comment on our request. Any Xcel Energy customer or other person may attend or provide comments at the hearings. You are invited to comment on the adequacy and quality of Xcel Energy’s service, the level of rates, or other related matters. You do not need to be represented by an attorney. The hearings will begin at their scheduled time and adjourn after everyone present has had an opportunity to comment or ask questions.
To access the full information and schedule regarding the upcoming Public and Evidentary Hearings on this application, hit control and click on the link below or copy and paste to your browser. There is a hard copy at the city office.
https://www.xcelenergy.com/company/rates_and_regulations/filings/minnesota_electric_rate_case