Published April 24, 2023 In 2015, the Securities and Exchange Commission adopted a rule requiring public companies to disclose how chief executive officer (CEO) compensation compares to median employee income. When the SEC began requiring companies to publish CEO to employee pay ratios, it provided consumers with a way of being more informed about the businesses they…
Published April 6, 2023 On March 23, 2023, the Minnesota Public Utilities Commission accepted a settlement that increased rates for Xcel Energy’s natural gas customers. The agreement was negotiated by the company, the Department of Commerce, the Office of the Attorney General, the Suburban Rate Authority, and a group of clean energy organizations (Fresh Energy…
Published January 13, 2023 Over the course of the past year, Minnesotans have seen the impact of higher natural gas prices on their utility bills. As outlined in several of CUB’s prior blog posts, affordability programs are available to utility customers to help them manage the costs of these bills and allow them to keep…
Published December 14, 2022 Last week, the Public Utilities Commission (PUC) affirmed its decision that gas utilities must share in the costs of a severe natural gas price spike that occurred in February of last year. Winter Storm Uri, which occurred over Presidents’ Day weekend in February 2021, froze natural gas infrastructure in Texas and…
Published December 14, 2022 Last year, Xcel Energy filed a request with the Public Utilities Commission (PUC) to increase rates for its Minnesota electric customers. Because the process for evaluating whether these new rates should be allowed (i.e. a “rate case”) takes time, Minnesota law allows Xcel to increase electricity rates on a temporary basis…
Published November 28, 2022 Earlier this month, the Minnesota Public Utilities Commission (PUC) approved Minnesota Power’s plans for the future of its energy system. As required by law, Minnesota Power’s latest Integrated Resource Plan (IRP) provides a roadmap for how the utility will meet its electricity demand over the next 15 years. Throughout the IRP…
Published November 23, 2022 On September 23, the Minnesota Public Utilities Commission (PUC) accepted and adopted a settlement that established increased rates for CenterPoint Energy Minnesota Gas (CenterPoint) customers. Residential customers will see the interim rate of 3.9 percent which went into effect on January 1, 2022, become permanent. Below is a brief summary and…
Published February 7, 2022 As Minnesotans face the pressures of low temperatures and high natural gas bills this winter, significant support may be on the horizon. Efficiency upgrades to “weatherize” homes can help homeowners reduce their energy bills and, in turn, save money. With the passage of the Infrastructure Investment and Jobs Act, the federal…
Published November 24, 2021 In 2015, the Securities and Exchange Commission adopted a rule requiring public companies to disclose how chief executive officer (CEO) compensation compares to median employee income. When the SEC began requiring companies to publish CEO to employee pay ratios, it provided consumers with a way of being more informed about the…
Published September 22, 2021 What is an IRP? This fall, numerous utilities across Minnesota are filing Integrated Resource Plans, or IRPs, with the Minnesota Public Utilities Commission (“PUC”). Among those utilities are Xcel Energy, Minnesota Power, and Otter Tail Power. But what exactly is an IRP? Essentially, the purpose of an IRP is to lay…
