Dive Summary:
- Xcel Energy Inc.’s proposed rate hike of $285 million, or 10.7%, might be cut by more than a half, if an administrative judge making recommendations to Minn. state legislators has her way.
- Judge Jeanne Cochran pushed legislators to award Xcel a hike of 4.7%, or a total of $127 million. Her reason? Xcel will be making $26 million more this year than projected; therefore, the utility won’t need a bigger hike, Cochran contends.
From the article:
“Cochran becomes the latest party to weigh in against Xcel's record-high rate-hike bid; the state Commerce Department was already frowning on the idea. “
