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Xcel gets OK for surcharge to start this week

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news New Richmond, 54017
New Richmond Wisconsin 127 South Knowles Avenue 54017

On Friday, Xcel Energy was given approval by the Wisconsin Public Service Commission on Friday for a 3 percent rate surcharge.

According to PSC spokesman Tim Le Monds, the increase will start this week.

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"It comes out to about $1.75 per month for the average homeowner," said Le Monds.

Xcel made the request for the surcharge in April citing that increased fuel costs are resulting in increased costs to generate electricity.

"Every power company in the state has come to us asking for a surcharge because of fuel costs," Le Monds said.

The surcharge will be in effect for the remainder of the calendar year, but is subject to a refund if Xcel finds that their fuel costs are lower than projected, according to Le Monds.

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