Energy

Xcel Energy filed with the Minnesota Public Utilities Commission to recover costs for a new distributed battery program, Capacity*Connect, that would deploy dozens of 1–3 MW batteries at commercial sites statewide and scale to 50–200 MW by 2028, forming a utility‑controlled virtual power plant. Xcel says the plan will bolster reliability and help meet the 2040 carbon‑free mandate while shifting purchases to lower‑cost periods, but watchdogs question the value for ratepayers and note Xcel’s Colorado virtual power plant is far cheaper per megawatt and includes broader customer‑side resources.

The United States and European Union imposed new sanctions on Russian oil companies on Thursday, prompting a jump in global oil prices that could raise gasoline costs for Minneapolis–Saint Paul drivers in coming days. Analysts and industry watchers say higher crude and wholesale fuel prices typically flow through to the pump, with timing dependent on station inventories and supply contracts.

The Minnesota Public Utilities Commission is holding a public meeting from 6:30–8:30 p.m. on Monday, Sept. 15, at the Washington County Heritage Center Education Center in Stillwater on Xcel Energy’s proposed two-year electric rate increases. Xcel seeks 9.6% in 2025 ($353.3M; about $9.89/month for the average residential customer) and 3.6% in 2026 ($137.5M; about $3.90/month), totaling 13.2% ($490.7M). Public comments are open through Dec. 30, evidentiary hearings are Dec. 17–19, and the PUC’s order deadline is July 31, 2026.