Xcel Compromises With State Regulators Over Storm Costs

(St. Paul, MN)  —  Xcel Energy is withdrawing a highly contested request for a 122-million dollar rate increase after reaching a compromise with state regulators.  The increase was intended to recoup costs after massive storm damage.  The Minnesota Public Utilities Commission has unanimously accepted an alternative plan from the Minneapolis-based company.  The complicated plan involves changes in accounting for certain costs and revenues.