Montana-Dakota Utilities filed an application to raise electrical rates with the Wyoming Public Service Commission in August. The size of the increase has caused serious concern among MDU customers in northern Wyoming. If the increase is approved it would be an over 40% jump for some customers and a 31% increase on average.
Last April, MDU purchased a one-quarter interest in the WyGen III power plant near Gillette. The facility is currently under construction and is due to come on-line next summer. The purchase will garner the company 25 Megawatts of power from the plant.
In the MDU third quarter earnings report, the company states they filed for the rate increase to recover the costs of the WyGen III purchase. The increase would provide an additional $6 Million dollars a year for MDU.
A public meeting with the PSC concerning the rate increase request has been scheduled for February 10th at the Sheridan County Fulmer Public Library.