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Xcel asks regulators for rate increase

BISMARCK - A Minnesota-based energy company is asking North Dakota regulators to grant an electricity rate increase. Xcel Energy officials say an application was submitted to North Dakota's Public Service Commission on Friday. Xcel officials say ...

BISMARCK - A Minnesota-based energy company is asking North Dakota regulators to grant an electricity rate increase.

Xcel Energy officials say an application was submitted to North Dakota's Public Service Commission on Friday.

Xcel officials say if the rate increase is approved, the monthly electric bill for a residential customer using 750 kilowatt-hours would in-crease by about $7.60. The company said its annual revenues would increase by about 14 percent, or $20.5 million.

Xcel said it's the first time a rate increase has been requested in 15 years. Xcel asks regulators for rate increase 20071208

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