MDU Asking for Rate Increase
BISMARCK, N.D. – Montana-Dakota Utilities Co. says it filed a natural gas rate increase request with the North Dakota Public Service Commission Wednesday. The request represents an overall increase in revenues of 6.4 percent. Montana-Dakota’s last natural gas rate increase, which was 2.1 percent, became effective in October 2004.
The company says that the main reason for the rate increase request is to recover the cost of the increased investment in natural gas facilities.
The proposed increase is for a 6.4 percent overall increase. Residential customers’ monthly bills would increase by an average of about $5.15 a month. Montana-Dakota has about 99,000 natural gas customers in 76 North Dakota communities.
The North Dakota PSC has up to seven months to issue a decision on the proposed increase request.
Montana-Dakota has also filed a request for an interim rate increase of 4.2 percent over current rates, which, if approved, would be implemented while the PSC reviews the overall request. MDU says the interim increase would be $2.50 more per month for the average residential customer.