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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Warren Buffett’s Secret To Cheap Electricity: Wind
OMAHA NE - In his latest letter to Berkshire Hathaway shareholders, Warren Buffett used the 20th anniversary of Berkshire Hathaway Energy to tout its cheap electricity bills for customers.
When Berkshire purchased the majority share of BHE in 2000, the cost of electricity for its residential customers in Iowa was 8.8 cents per kilowatt-hour (kWh) on average. Since then, these electricity rates have risen at a paltry <1% per year, with a freeze on rate hikes through 2028. As anyone who pays an electricity bill knows, that is an incredible deal.
As Buffett himself notes with alacrity, “Last year, the rates…
