Xcel customers to get a 'refund'

May 9, 2013

Xcel Energy electric customers will be getting a credit on their monthly bills.

The Public Service Commission says that’s a result of an agreement with Xcel for a past rate case.

"It turns out they over-collected $201,000," said Commissioner Julie Fedorchak. "The settlement agreement requires Xcel to make a one-time bill refund. That will be a credit on the bills of active customers who made bill payments in 2012."

Fedorchak says the average residential customer will see a $1 credit on their bills. Some large industrial customers will see as much as $1100.

Xcel has another rate case pending before the PSC. Commission chairman Brian Kalk says he wants to make sure language is in that agreement to allow for these kinds of credits.

"We don't want to find ourselves in a situation where we say they can earn up to a certain amount, and they earn way over that, and there's no way to correct that," said Kalk.

The credits will show up on customers’ bills in a month or two.