Rate increases approved for MDU, Otter Tail Power
BISMARCK, N.D. (AP) — North Dakota regulators have approved rate increases for Montana Dakota Utilities and Otter Tail Power, but it doesn’t mean customers’ bills will go up.
That’s because the natural gas rate increase approved for MDU and the electric rate increase approved for Otter Tail are smaller than interim rate increases the Public Service Commission allowed to be put in place last year under state law.
That means customers will still pay a higher rate than they did before the rate increase requests were made, but they’ll actually be getting refunds and seeing decreases in their bills over what they’ve been paying in recent months.
The PSC says the rate increases are needed to enable the utilities to maintain needed infrastructure.