PUC approves settlement to increase Xcel Energy electric rates

PIERRE – South Dakota Public Utilities Commissioners voted to approve a settlement stipulation submitted by Xcel Energy and PUC staff that will allow Xcel to increase electric rates for South Dakota customers at a public meeting May 8 in Pierre. The settlement authorizes the company to increase overall electric rates by $25.6 million, or roughly 9.5 percent. The approved rate is about 41 perc...

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