Consumer Advocates Challenge Xcel Energy Rate Hike Approved by PUC
In Minneapolis-St. Paul, consumer watchdogs are challenging a recent Public Utilities Commission (PUC) decision to approve Xcel Energy's rate increase, specifically targeting the hike in the company's return on equity (ROE). The Department of Commerce, Minnesota Attorney General Keith Ellison,…
Minneapolis St. Paul, MN, August 26, 2026 —
Consumer protection agencies in Minneapolis-St. Paul are formally challenging a recent decision by the Public Utilities Commission (PUC) that approved an increase in Xcel Energy’s rates. The primary point of contention is the elevated return on equity (ROE) granted to the energy company.
The Minnesota Department of Commerce, along with Attorney General Keith Ellison and the Citizen Utility Board (CUB), have jointly filed a petition with the PUC. This petition urges the commission to review its decision regarding Xcel Energy’s ROE. According to the petitioners, the approved rate increase is projected to impose an annual cost of tens of millions of dollars on Minnesota consumers.
These consumer advocates argue that the decision to increase Xcel Energy’s ROE is not substantiated by sufficient evidence. Furthermore, they contend that this move is contrary to the financial interests of Minnesotans, many of whom are reportedly facing difficulties with their utility bills. The group highlights that Xcel Energy has recorded significant profits, making the rationale for a higher return on equity questionable during a period when customers are experiencing financial strain.
The Department of Commerce, Attorney General Ellison’s office, and CUB are collectively seeking a reconsideration of the PUC’s approval. Their petition emphasizes the potential financial burden on households and businesses in the state, arguing that the energy company’s profitability does not warrant the additional costs passed on to customers.
The specific details of the financial impact and the evidence presented to the PUC regarding Xcel Energy’s ROE were not further detailed in the provided summary. The petition signifies a significant pushback from regulatory bodies and consumer groups against utility rate increases, particularly when perceived as disproportionate to the company’s financial performance and the economic conditions faced by its customers.
Story summarized from the original created by Ashley Halbach on kstp.com, see more information here.
