State Commission Approves Electric-Rate Cut for Big Industry
Friday, September 16, 2016
The Minnesota Public Utilities Commission on Thursday approved a proposal to lower rates for taconite plants and paper mills served by Minnesota Power in a move that is likely to raise rates for homeowners and small businesses across the utility's service area.
The commission voted 3-2 for the rate cut which was ordered by the 2015 Minnesota legislature to help reduce operating costs for Northern Minnesota's largest industries, both hard-hit by foreign imports.
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