ND PSC Delays Decision on Otter Tail Power RateMove will delay refund to customers for now.
BISMARCK, N.D. (AP) — North Dakota regulators have delayed a decision on an Otter Tail Power Co. rate settlement so they can look more closely at a proposed economic development fund.
Otter Tail is proposing a 3 percent rate increase as part of the settlement. The utility had asked for a 5.1 percent increase originally, and imposed a 4.1 percent increase as an interim step.
The settlement would mean Otter Tail would have to refund $865,000 to its North Dakota customers.
Members of the state Public Service Commission say they have questions about setting aside ratepayer dollars for $450,000 economic development fund. he PSC has asked for more information on the use of the money.
Otter Tail is based in Fergus Falls, Minn. It has about 59,000 electric customers in North Dakota. It serves Devils Lake, Jamestown, Wahpeton and smaller communities.
Information from: KCND-FM, http://www.prairiepublic.org
Copyright 2009 The Associated Press.