From KSTP-5,
150,000 Minnesotans could see a 17.8% Minnesota Power rate increase
That seems like a lot.
In a letter to customers, the company blamed higher costs for operations, maintenance and the workforce, and said inflation also plays a role.
Not mentioned in the KSTP article is the 2025 buyout of Minnesota Power by the financial industry behemoth BlackRock, which occurred just over a year ago,.
Perhaps that played a role.