No Deliberation Date Set In MDU Rate Increase Proposal

Earlier this month the Office of Consumer Advocate and Montana Dakota Utilities Company reached a stipulation agreement lowing MDU's proposed rate increase to $3.2 million. The Wyoming Public Service Commission heard testimony from the OCA and MDU at a hearing Monday in Cheyenne regarding the stipulation agreement.

Secretary and Chief Counsel for the Wyoming Public Service Commission Chris Petrie says that the latest hearing didn't yield a decision from the PSC.

The stipulation agreement states that the increase would be phased in over a three year period. In the first year, an increase of $1.8 million or 8.9%, would be implemented on May 1st, 2010. The remaining $1.4 million of the increase will be deferred until year two. This means that the average residential customer would incur an increase of 7.1% in phase one of the increase, and up to 8.4% in phase two over the second and third year of the increase. To view the stipulation agreement, you can click on the link provided.

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