Xcel gets lower natural gas rates than it requested

Quick Read

The Minnesota Public Utilities Commission approved new natural gas rates for Xcel Energy. It’s lower than the company initially requested and will result in customers getting a refund in the coming months.

At a time of rising utility costs, Xcel Energy’s Minnesota customers are poised to get some money back through a refund.

The Minnesota Public Utilities Commission has approved a lower rate hike than the company requested. Customers have been paying higher temporary rates since January, so Xcel will refund the difference. That refund will be calculated sometime in the coming months.

Xcel told the commission last year it needed an 8...