Xcel Energy files 2016 rate increase request

MADISON, Wis. (AP) - Xcel Energy (NYSE: XEL) has asked Wisconsin regulators for permission to raise electric and natural gas rates next year.

The utility filed an application Friday with the Public Service Commission seeking to raise electric rates by $27.4 million. According to the utility, that would translate to about $4.73 more per month for a typical residential customer.

The application also seeks to raise natural gas rates by $5.9 million, which would mean about $3.02 more per month for a typical residential natural gas rates.

The utility says it needs the money to construction additional wind generation, rebuild power lines and upgrade generation facilities.

The PSC is expected to hold hearings on the application this fall.

Xcel serves about 260,000 electric and natural gas customers in Wisconsin.

Subscribe to Power Engineering magazine



Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

Logistics Risk Management in the Transformer Industry

Transformers often are shipped thousands of miles, involving multiple handoffs,and more than a do...

Secrets of Barco UniSee Mount Revealed

Last year Barco introduced UniSee, a revolutionary large-scale visualization platform designed to...

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...