Utilities will seek plantÂ’s development cost
Otter Tail Power Co. and Montana-Dakota Utilities Co. were partners in the Big Stone II project in northeastern South Dakota. It was scrapped because it couldn't find enough investors. It cost more than $10 million to develop.
North Dakota Public Service Commission Chairman Kevin Cramer says MDU and Otter Tail are likely to ask for future electric rate increases to get their money back.
North Dakota regulators have already ruled the project was a good way to meet future electric demand. Commissioner Tony Clark says that will help the two utilities get their money.
Related News
Africa must quadruple power investment to supply electricity for all, IEA says
JOHANNESBURG - African countries will need to quadruple their rate of investment in their power sectors for the next two decades to bring reliable electricity to all Africans, an International Energy Agency (IEA) study published on Friday said.
If African countries continue on their policy trajectories, 530 million Africans will still lack electricity in 2030, the IEA report said. It said bringing reliable electricity to all Africans would require annual investment of around $120 billion.
“We’re talking about 2.5% of GDP that should go into the power sector,” Laura Cozzi, the IEA’s Chief Energy Modeller, told journalists ahead of the report’s launch.…
