MPUC approves interim rate increase for Minnesota Power customers

MPUC approves interim rate increase for Minnesota Power customers
MPUC approves interim rate increase for Minnesota Power customers(MGN)
Published: Dec. 2, 2021 at 1:58 PM CST
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DULUTH, MN -- Minnesota Power customers’ bills will be going up next year.

On Thursday, the Minnesota Public Utilities Commission Approved the power company’s interim rate request.

That means, starting January 1, 2022, residential rates will go up 7 percent, which comes out to about $5.89 a month for an average customer.

All other customers, including businesses, will see a 14 percent increase.

Minnesota Power is hoping to raise revenue by more than $100 million dollars to help pay for sustainable energy initiatives.

The MPUC still has to decide on a final rate increase, which likely won’t happen until early 2023.

These interim rates will stay in effect until then.

A public comment period is expected.

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