Otter Tail Power rate case settled
The utility's 57,000 North Dakota electric customers also will be getting a small refund, with interest, for overpaying their electric bills during the past year.
An average residential customer using about 836 kilowatt hours of power each month will get a bill credit of about $6 within the next three months.
North Dakota's Public Service Commission approved the settlement only recently.
Otter Tail customers also will be paying less to finance the cost of new wind farms in northeastern and east-central North Dakota. Now, a typical residential customer is paying $3.82 a month for the wind energy. The new rates put the payback amount at $2.65 a month.
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Energy crisis: EU outlines possible gas price cap strategies
BRUSSELS - The European Commission has outlined possible strategies to cap gas prices as the bloc faces a looming energy crisis this winter.
Member states are divided over the emergency measures designed to pull down soaring inflation amid Russia's war in Ukraine.
One proposal is a temporary "flexible" limit on gas prices to ensure that Europe can continue to secure enough gas, EU energy commissioner Kadri Simson said on Tuesday.
Another option could be an EU-wide "framework" for a price cap on gas used to generate electricity, which would be combined with measures to ensure gas demand does not rise as a result,…
