PSC approves rate hike settlement for MDU

By  | 

BISMARCK, N.D. - Montana-Dakota Utilities customers will see a small hike in their energy bills after a settlement approved by the Public Service Commission.

The average MDU customer will see rates increase about 14 cents per month.

That will bring in about $7 million more in revenue for the energy company.

Originally, company officials wanted nearly double that, but after working with the P-S-C's advocacy staff and the AARP of North Dakota, the parties decided on this rate. .

Julie Fedorchak, Public Service Commissioner, said, "In the end, you really end up with a product that, I feel, represents all aspects of the public's interest."

This process took about eight months and is the first rate hike for MDU in seven years.