Minnesota Power Asks Regulators to Consider a Reduced Rate Request
Higher demand for energy from large industrial customers provides an expected benefit to other customers
In its filing, the company told state regulators that increased energy demand from the region's mining industry is expected to result in higher-than-expected revenue from electricity sales. Consequently, the required revenue from other customers, including residential and small business customers, will decrease.
"Minnesota Power believes that healthy mining and timber companies
improve our region's economy and quality of life," said
However, the total change that customers are seeing in their monthly
bills will be less than this increase requested by
A typical residential customer's bill would increase from about
"Our EnergyForward plan to ensure reliable and safe power
from a cleaner mix of energy sources has transformed how we produce and
deliver energy to our customers," McMillan explained. "This is the first
time since the start of EnergyForward that we have
requested a rate review by state regulators. When customers think about
investments we have made in our power plants and the energy grid, we
hope they agree that an increase in monthly bills of an average of
The MPUC's rate review process will continue with a series of public
hearings that will take place in communities throughout
Below are examples of the effect of the proposed increase on typical customer bills. Individual changes may be higher or lower depending on actual electricity usage.
New TOTAL | |||||||||||||||||||
Average | monthly cost | Additional | |||||||||||||||||
monthly | Previous | Interim | Renewable | with interim | proposed | ||||||||||||||
|
kWh | monthly | monthly | Adjustment | and renewable |
final monthly |
|||||||||||||
Customer Classification |
usage | usage |
increase |
charge | adjustments | increase* | |||||||||||||
Residential | 744 |
|
+ |
|
- |
|
= |
|
|
|
|||||||||
Residential |
778 |
|
+ |
|
- |
|
= |
|
|
||||||||||
Residential Dual Fuel | 1,119 |
|
+ |
|
- |
|
= |
|
|
||||||||||
General Service | 2,670 |
|
+ |
|
- |
|
= |
|
|
||||||||||
Commercial & Industrial Dual Fuel | 4,278 |
|
+ |
|
- |
|
= |
|
|
||||||||||
Municipal Pumping | 6,220 |
|
+ |
|
- |
|
= |
|
|
||||||||||
Large Light & Power | 297,246 |
|
+ |
|
- |
|
= |
|
|
||||||||||
|
54,834,528 |
|
+ |
|
+ |
|
= |
|
- |
||||||||||
Street & Area Lighting | 364 |
|
+ |
|
- |
|
= |
|
- |
||||||||||
*If the
The statements contained in this release, and statements that
View source version on businesswire.com: http://www.businesswire.com/news/home/20170228006644/en/
Manager -
Corporate Communications
arutledge@mnpower.com
Source:
News Provided by Acquire Media