Extra-high natural gas prices plus ongoing effects of last winter’s extraordinary price spike could combine for an expensive winter Published October 18, 2021 St. Paul, MN – The Citizens Utility Board is warning Minnesotans that it could be an expensive heating season. Natural gas prices have risen dramatically nationwide. The monthly average price is roughly as high as it’s been…
18Oct
Prepare for higher heating costs this winter
Published on October 18, 2021 It could be an expensive heating season. Natural gas prices have risen dramatically nationwide. The monthly average price is roughly as high as it’s been at any point over the last seven years. The prices of propane and fuel oil are also surging, and Minnesotans should anticipate feeling it in…
08Sep
IRPs, IDPs, and rate cases — Oh my!
Published September 8, 2021 It will be a busy fall at the Minnesota Public Utilities Commission. This blog post provides a brief overview of the policy and regulatory work CUB expects to be involved in over the next several months. There are already numerous complex dockets underway before the Commission, including several unique dockets arising…
26May
PUC doesn’t yet allow CenterPoint, other gas utilities to charge customers for Feb. price spike
Published May 26, 2021 This past February, severe cold weather in Texas and the Midwest caused natural gas prices to spike nationwide. The price spike was caused by a “perfect storm” of: (i) increased demand (many households rely on natural gas for heat), (ii) reduced supply (some gas pipelines literally froze up in Texas and…
19May
Minnesota utilities fell $90M short in protecting customers from February storm costs, agency says
May 13, 2021 Star Tribune Mike Hughlett Steep bills for natural gas customers during a crippling winter storm in February could end with some changes in what’s allowed for Minnesota utilities if two state agencies have anything to say about it. The Minnesota Department of Commerce says consumers are being socked with $90 million in…
23Apr
Minnesota gasps at the financial damage it faces from the Texas freeze
April 22, 2021 The Washington Post Will Englund When that big freeze hit Texas in February, the Lone Star State couldn’t help but share its pain. With its ill-equipped natural gas systems clocked by the cold, Texas’s exports across the Rio Grande froze up and 4.7million customers in northern Mexico went without electricity — more…
02Apr
Not just a Texas problem: Minnesotans will be paying for the recent natural gas spike, too
Published April 2, 2021 Two weeks ago, I wrote about proposed legislation to help consumers weather a dramatic spike in the price of natural gas that occurred in February. The issue is moving forward in both the legislative and regulatory arenas, so I am back with an update. The severe cold weather that hit Texas…
20Mar
Minnesota lawmakers look to help customers deal with natural gas price spike
March 18, 2021 MinnPost Walker Orenstein The severe cold in the southern U.S. last month will result in higher natural gas bills for a huge swath of Minnesotans. In response, a pair of Minnesota lawmakers have introduced a bill at the Legislature to help low-income people shoulder the extra costs. The new measure would distribute…
17Mar
February cold snap could cost CenterPoint customers additional $354, plus interest
March 17, 2021 Star Tribune Mike Hughlett CenterPoint Energy is proposing to spread the cost of a colossal natural gas price spike — $354 per household on average — over two years to help cushion the blow to Minnesota consumers and the company itself. The deep freeze that paralyzed Texas last month ignited U.S. wholesale…
16Mar
Legislature considers assistance to customers to counter natural gas price spike
Published March 16, 2021 This week, the committees responsible for energy in the Minnesota House and Senate will hear identical bills aimed at addressing the severe spike in the price of natural gas that affected Minnesota gas utilities in February. The severe cold weather in Texas and the Midwest last month caused the price of…