Minnesotans will get the chance to weigh in on a proposal by Xcel Energy to raise residential electric rates by 9.6% this year and another 3.6% in 2026.
Why it matters: If the hike is approved, the average residential customer would see their bills increase $13 a month by the end of 2026.
The big picture: Minneapolis and St. Paul homeowners are facing hefty proposed property tax increases next year, and home insurance rates have also been surging…