North Dakota regulators on Wednesday approved a rate increase for Montana-Dakota Utilities Co. electric customers that includes a $4.70 monthly boost in the minimum charge for providing power to a home.
BISMARCK (AP) — MDU Resources Group Inc. has reported an increase in profits for 2010, helped by a boost in oil production and the sale of its ownership interest in electric transmission lines in Brazil.
Montana-Dakota Utilities’ latest testimony before the Public Service Commission was quite positive, but got little press, so I want to highlight some of the excellent things MDU had to say regarding its healthy change in focus. MDU explained why investing in wind is doing the right thing for its customers, beyond the obvious benefits for our lungs, air and water.
I really wish someone could tell me why it’s the customer’s responsibility to bail out Otter Tail Power Co. or Montana-Dakota Utilities. I don’t remember them asking us to vote or agreeing to pay for Big Stone II, if it didn’t work out. Do we have to be responsible for their mistake? Why didn’t they go to Washington or the state for the bailout and then pay it back like the banks and auto companies had to? Sure it’s only 62 cents a month for the next three years, but it was their mistake and maybe they should pay for it or the shareholders should. Why are they paying a $1.19 a share dividend or almost 6 percent while we bail them out? If we make a mistake, who bails us out?
BISMARCK — Montana-Dakota Utilities Co.’s residential customers will see their monthly electric bills rise by $4 or more after North Dakota’s Public Service Commission granted the utility a temporary 7.9 percent rate increase.
By Dale Wetzel, The Associated Press
, June 17, 2010
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