BISMARCK — Xcel Energy has agreed to cut a proposed electricity rate increase for North Dakota customers.

The agreement that is pending approval with the North Dakota Public Service Commission would raise overall rates by 10.37%, with the increase for residential customers at 12.92%.

Northern States Power Co., part of Minnesota-based Xcel Energy, had originally asked for a rate increase of 19.34% with the residential rate increasing by more than 24%.

A Public Service Commission hearing on Monday, Dec. 1, went over details of the rate request and the compromise agreement.

North Dakota customers have already been paying a higher electric rate this year under an interim rate increase. Customers’ bills should not change dramatically if the rate increase is approved as currently proposed, s

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