Minnesota Power asks regulators to consider a reduced rate request

Minnesota Power, a utility division of Allete, today filed an updated request with the Minnesota Public Utilities Commission to reduce the amount of its current rate request from $55 million to approximately $39 million.

In its filing, the company told state regulators that increased energy demand from the region’s mining industry is expected to result in higher-than-expected revenue from electricity sales. Consequently, the required revenue from other customers, including residential and small business customers, will decrease.

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