Saint Paul 350 and experts from the Citizens Utility Board of Minnesota are hosting this Zoom conversation to help you be a more empowered energy consumer.
Xcel Energy wants to raise electric residential rates more than 21% over 3 years. This will create greater hardship for those most struggling in this inflationary and post-pandemic period. There are already about 15,000 St. Paul residents currently struggling to pay their energy bills.
And the proposed increase is excessive. As of June 2022, Xcel Energy reported a profit of 7.8 billion over the previous year. That is record 8.4% profit growth. Currently, Xcel Energy shareholders make a guaranteed 9% return yearly on their investment, with Xcel proposing to increase that to over 10%.
As the globe turns increasingly to renewable energy to address the climate emergency, a much less costly form of energy production, we can be empowered to be informed energy consumers.
Learn about the context, process and implications of the proposed rate hike. And review a sample Xcel bill statement to be able to interpret your own bill more carefully.
ZOOM LINK WILL BE SENT TO ALL REGISTRATIONS DURING THE WEEK OF THE EVENT.
Register to attend here:
Summit-University Planning Council Community News!