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Xcel Energy asks for a 13 percent rate increase to fund infrastructure investments
Nov 15 2024
Length: 5 mins
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Xcel Energy asks for a 13 percent rate increase to fund infrastructure investments

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Summary
From data centers to growth — electricity demand in Minnesota is rising.

That’s led Xcel Energy to request a 13 percent rate increase over the next two years and increase capital spending by $11 billion.

Walker Orenstein, reporter at the Minnesota Star Tribune, said the utility has plans to make major infrastructure investments.

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