ST. PAUL — The public has a chance to weigh in on Xcel Energy’s proposed rate increase at upcoming hearings across the state in September.

If state regulators approve, Xcel's rates would rise by 9.6% this year and another 3.6% in 2026, generating a total of about $491 million.

Xcel is Minnesota’s largest electric utility, with about 1.3 million electric customers in the state. It says it needs the increase to improve the reliability of its electric system, add clean energy projects, invest in its nuclear plants and prepare for the expected surge in demand for electricity.

“We are committed to meeting our state’s growing demand for electricity, maintaining reliable service, working toward a cleaner energy future and keeping costs low for our customers,” Xcel said in a statement.

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