Duluth, Minn. – Minnesota Power, a utility division of ALLETE (NYSE: ALE), reminds its customers and community stakeholders that public hearings concerning the utility’s rate request will begin Monday afternoon and take place daily through June 22nd.
“Minnesota’s rate review process is open and transparent to the public,” said Amy Rutledge, communications manager for Minnesota Power. “We encourage customers to learn the facts of our request and express their opinions to regulators about our long-term investments in safe, reliable and cleaner power.”
Rate Review Background
Ninety percent of the $38.8 million request by Minnesota Power will pay for capital investments, primarily to support the company’s EnergyForward strategy. Since EnergyForward was announced, $800 million has been invested to transform the way energy is produced, delivered and used in this region.
Minnesota Power filed its request in November 2016, recommending a 9.1 percent overall increase in electricity rates, including an 18 percent increase for residential customers. In late February, the utility reduced its overall request to a 6.1 percent increase, with a 15 percent increase for residential customers, to reflect a growth in energy demand from industrial companies.
However, residential customers will see an increase of only about 10 percent in their monthly bills ($9 per month for average customer) if Minnesota Power's rate request is approved in full, because the rate request has been offset by a reduction in the monthly renewable energy charge. The net increase for the typical small business customer will be approximately $10 per month.
Public Hearing Schedule
Public hearings will be held on June 19 at 2 and 6:30 p.m. in the Eveleth Range Recreation and Civic Center; June 20 at 2 and 6:30 p.m. in The Inn on Lake Superior in Duluth; June 21 at 6:30 p.m. in the Backes Student Center at Itasca Community College; and June 22 at 5 p.m. in the Morrison County Government Center in Little Falls. Comments can also be filed with the Minnesota Public Utilities Commission through July 3rd.
For more information about the rate review process, please visit www.mnpower.com
Minnesota Power provides electric service within a 26,000-square-mile area in Northeastern Minnesota, supporting comfort, security and quality of life for 145,000 customers, 16 municipalities and some of the largest industrial customers in the United States. More information can be found by visiting www.mnpower.com.