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Consumers are paying millions of dollars to utility executives

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…

Duluth homes

Minnesota Power asks to raise rates by 18%

Published November 10, 2021 Minnesota Power, the company that provides power to Duluth and portions of northeast and north central Minnesota, is asking to charge customers an additional $108 million more each year. If approved, Minnesota Power says the request would mean a rate hike of 18.22%, or about $15 a month for a typical…

CUB fighting rate hike for February 2021 winter storm costs

Published November 2, 2021 Many Minnesotans have recently seen, or will soon see, their natural gas bills dramatically increase. This presents a huge concern for many households – particularly those already struggling to make ends meet in the midst of an ongoing global pandemic.   There are a few reasons for these bill increases.  First, natural…

Xcel asks to hike electric rates by $677 million per year

Published November 1, 2021 Xcel Energy is asking state regulators to charge its Minnesota electric customers an additional $677 million each year, increasing revenues by 21.2% over three years. Xcel’s rate increase request must be approved by the Minnesota Public Utilities Commission (PUC), and utilities almost never get the full increase that they ask for….

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