Rate Increase Denied Due to High Energy Rates

What is happening? Public Utility Commissioners in MN cut a rate increase request and cited the impact of rising energy costs on rate payers.

Why is this important? let’s look to the commissioners. “As regulators, we can’t have our heads in the sand and ignore significant [economic] constraints, particularly for the residential class,” said Katie Sieben, chair of the Minnesota Public Utilities Commission (PUC).

How will this be important? Did this ruling start a trend…

Minneapolis Star Tribune | In unusual move, utility regulators slash CenterPoint’s interim rate request