Minnesota Power’s competitive rate advances following MPUC decision

Minnesota Power on Thursday received a decision from the Minnesota Public Utilities Commission that advances the approval of its new competitive rate for some of northeastern Minnesota’s largest employers.

The 2015 Minnesota Legislature enacted a law authorizing Minnesota Power to submit discounted rate plans for a limited number of its large industrial customers, including taconite mines and forest products industries that meet state criteria as energy-intensive and trade-exposed (EITE) businesses.

The legislation stated, in part: “It is the energy policy of the state of Minnesota to ensure competitive electric rates for energy-intensive trade-exposed customers.”

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