in News Departments > FYI
print the content item

Minnesota Power, an ALLETE company, has filed a rate adjustment request with the Federal Energy Regulatory Commission (FERC) seeking an increase in the electric rates of its wholesale customers. Minnesota Power has not asked for a wholesale rate adjustment since 1995.

"This rate adjustment would acknowledge our increased costs of providing service to wholesale customers, including general operation and maintenance expenses, while integrating environmental compliance, renewable generation and transmission asset additions," says Don Shippar, ALLETE chairman, president and CEO.

This request applies only to Minnesota Power's 16 municipal customers and two private utilities in Wisconsin, including Superior Water, Light & Power Co. The requested increase is approximately 10% for municipal customers and approximately 12.5% for Superior Water, Light & Power Co.

Minnesota Power anticipates the rate adjustment will result in an annual revenue increase of approximately $7.5 million. Minnesota Power has asked FERC for interim rates to take effect by March 1, 2008 and expects FERC approval of final rates by late 2008 or early 2009.

Retail customers of Minnesota Power who receive their bill directly from the company are not included in this rate request.

IowaDeptEconDevel_id1863

Helukabel_id1908
Latest Top Stories

Kansas Renewables Mandate Survives Yet Another Attack, But Is It Too Early To Celebrate?

Over the past three years, some legislators have tried to either weaken or repeal the state's renewable portfolio standard, which requires Kansas utilities to reach 20% renewables by 2020.


AWEA Highlights U.S. Wind Success Stories Of 2013

Despite a 92% drop in new capacity last year, the sector still has myriad reasons to celebrate, according to a new report from the American Wind Energy Association.


Feds List New Bird Species As Threatened - Should Wind Developers Be Worried?

The U.S. Fish and Wildlife Service is designating the lesser prairie-chicken as threatened under the Endangered Species Act. An expert explains how this might affect the wind industry.


Senate Committee Passes Bill With Two-Year PTC Extension

The Senate Finance Committee has voted on a tax extenders package, which includes both the production tax credit (PTC) and investment tax credit, and sent it to the floor.


Five Common Gearbox Failures And How To Identify Them

Wind turbine gearbox failures are a major source of unplanned maintenance costs. An expert explains the most frequent failure modes and offers prevention tips.

Acciona_id1907
UEA_id1896
WomenofWind_id
JLG_id1900
bonfiglioli_id1913
AWEA_id1886