Xcel Energy requests rate increase to support investment in carbon-free energy: Co asked the Minnesota Public Utilities Commission to
authorize increases in base electricity rates over a two-year period.
The company proposes prices for a two-year period, during which
investments in carbon-free energy sources, a diverse supply mix and
service reliability improvements are at their peak. Average customer
rates would increase by 4.6% effective Jan. 3, 2014, when interim rates
would take effect.
So, Minnesotans can expect to pay about 5% more in utility costs cut back on carbon emissions. Meanwhile, in other news, China just announced the completion of another coal-fired power plant. The country has several hundred coal-fired power plants on the drawing board and in various stages of construction/completion.
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