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    Home»Stock Market»Montana Dakota Utilities 16% rate increase denied by regulators
    Stock Market

    Montana Dakota Utilities 16% rate increase denied by regulators

    October 18, 20241 Min Read


    Montana Dakota Utilities is asking the Public Service Commission to charge customers 16% percent more, which would be $9.4 million more revenue a year. It takes time for the PSC to evaluate a rate case. So the utility wanted the commission to approve a temporary rate increase that would give it most of that money while it considers the full increase. Four of the five commissioners agreed that customers couldn’t afford the price jump, and rejected that temporary increase Tuesday.

    Miles City resident Mary Catherine Dunphy opposed the increase, saying towns in eastern Montana are already struggling financially.

    “Each year these utility companies keep coming at us. We’re not getting the same kind of pay raises and increases in Social Security and that kind of stuff. So we lose ground a little bit financially every year,” said Dunphy.

    Dunphy was one of several ratepayers along with city and county officials who came before the Commission asking them to vote against the price bump. MDU says these rate increases are needed to cover the costs of delivering power.

    The PSC will vote on the permanent rate increase in the coming months.





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