XCEL To Request Rate Hike On Electricity Use

Less than a month after announcing that consumers will face higher natural gas bills this winter XCEL Energy says it wants to raise electricity rates. XCXEL plans to ask the Public Utilities Commission for permission to increase the average electric utility bill 30%, meaning the average residential customer would pay an additional $15.80 cents more each month.

Wade Haerle with XCEL Energy says the hike is needed because of rising natural gas prices. Since some of the power it buys is generated from natural gas powered generating plants haerle says state regulations require the increase.

XCEL had already requested an increase in natural gas rates. The state's consumer counsel opposes that increase.

State regulators will hold hearings on the XCEL gas price increase in December.

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