Citizens Utility Board: Electric rate increase pared back as PSC rejects Xcel bid to hike profits

MADISON – Customers of Xcel Energy will see a much smaller increase on electric bills come January after state regulators sided with CUB Thursday and voted to block the company's request to hike its profits. The Public Service Commission could have gone further in reducing profits, which would have enabled customers to see a decrease on their bills come January. Xcel initially sought an electricit...