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Xcel files for rate hikes in Minnesota

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ST. PAUL, Minn. (AP) — Xcel Energy is seeking permission to raise Minnesota electricity rates by 4.6 percent next year and 5.6 percent the year after.

The increase would bring in about $291 million. The utility's 1.2 million customers would face an average increase of a bit more than $10 a month.

State regulators have typically cut Xcel's rate increase requests in half in recent years.

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