Regulators approve Xcel Energy rate increase - KCBD NewsChannel 11 Lubbock

Regulators approve Xcel Energy rate increase


Xcel Energy customers could soon be paying more for electricity.

The company reached an agreement with regulators on Tuesday.

The average residential customer will see a $6.58 monthly increase starting in October. Xcel reps say the increase is needed to pay for power grid upgrades.

Xcel has also asked regulators for a temporary fuel surcharge, because they weren't collecting enough earlier this year to cover the cost.

It would start in November and end in April. The surcharge would $2.70 to the average residential customer's monthly bill.

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