Minnesota Power seeks 17.8% rate hike, $24 more a month
The gist
Minnesota Power asked Minnesota regulators to approve a 17.8% revenue increase, adding $24 to the average monthly residential bill.
The request starts a year-long review that will decide what 150,000 customers pay.
How it unfolded
- Nov 2, 2026Minnesota Power asked the MPUC to approve a $134 million increase in revenue net of riders, or 17.8%, which spokespeople say would raise the average residential bill by $24 a month.
- Nov 2, 2026The company said its last rate increase request was three years ago, in 2023.
- Nov 2, 2026The filing is the first step in a process expected to take a year or longer, with public meetings expected and the MPUC to set an interim rate increase.
Key terms
- rate case
- A formal regulatory proceeding in which a public utility's prices are reviewed and set.
Source: Wikipedia