BISMARCK, N.D. (Prairie Public) – Xcel Energy natural gas customers in North Dakota will see their bills go up by an average of $5.73 per month, beginning in March.
The North Dakota Public Service Commission granted Xcel an interim rate increase, while the PSC considers a full rate increase.
The utility had filed for a 9.4 percent hike, or about $8.5 million. The interim increase would be $7.9 million.
“The primary drivers of this overall rate increase request are capital investments in the gas distribution system – so they’re going out and improving pipe that exists, replacing, etc., investments in “peaking plants,” – making sure they have the capacity to meet the growing demand in the system, and then general and intangible capital investments,” said PSC Commissioner Julie Fedorchak.
The PSC says the last time Xcel sought a rate increase was in 2021.
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