In the News
Minnesota Power backs off hefty interim rate increase
November 11, 2021 Star Tribune Jana Hollingsworth DULUTH — Minnesota Power Wednesday proposed a reduced interim rate increase to its residential customers, following last week’s filing with state regulators. On Nov. 1, the Duluth-based utility proposed to the Minnesota Public Utilities Commission (PUC) an electricity rate increase of 17.58%, or $108 million. The company requested an interim…
Hefty spike in heating costs expected to hit Minnesotans
November 10, 2021 MPR News Kirsti Marohn Along with chillier weather, Minnesota homeowners should brace for a sharp increase in heating costs expected to hit pocketbooks this winter. Last month, the federal Energy Information Administration predicted that U.S. households will spend 30 to 50 percent more money to heat their homes this winter, depending on…
CenterPoint, Xcel file for gas rate increases of over 6%
November 1, 2021 Star Tribune Mike Hughlett Minnesota’s largest natural-gas providers — CenterPoint Energy and Xcel Energy — Monday asked regulators for a rate increase of about 6.5 %, in standard requests that this year would add to costs that are already soaring for other reasons. Sharp increases in the commodity cost of gas are…
Minnesota Power proposes 17.5% rate hike
November 1, 2021 Star Tribune Jana Hollingsworth DULUTH – Minnesota Power on Monday proposed to state regulators an electricity rate increase of 17.58%, or $108 million. The Duluth-based utility’s typical residential customers would see an increase of about $15 a month, and small business customers an increase of $55 a month. The company requested an…
Xcel seeks 20% electric rate increase over three years
October 26, 2021 MPR News Kirsti Marohn Minnesota’s largest utility, Xcel Energy, is asking to raise its electricity rates by around 20 percent over the next three years. Xcel says it needs the increase to cover the costs of replacing an aging electrical system as it transitions to more renewable energy. It comes at a…