Centerpoint says February gas crisis will cost Minnesota customers extra $354
There was extreme demand for gas due to historic cold in the central United States.
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Minnesota s largest gas utility Centerpoint Energy has said the energy crisis caused by the February cold snap will see an extra $354 added to bills in the state.
In a filling to the Minnesota Public Utilities Commission, Centerpoint said the extraordinary market conditions in February cost the company $500 million between Feb. 12-22 just to maintain the gas supply for its Minnesota customers.
With the deep freeze also hitting states that are not used to it – such as Texas, Oklahoma and Arkansas – the demand for gas for heating and electricity skyrocketed. Gas supplies also throttled by the shutdown of plants and production operations in the south, which were unable to withstand the frigid conditions.
Sun Country shares surge after stock market debut
The Twin Cities-based airline started trading under the ticker name SNCY on Wednesday.
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Sun Country made its stock market debut on Wednesday and saw its shares surge in the wake of its Initial Public Offering (IPO).
The company s shares were priced at $24 ahead of its Nasdaq debut under the ticker name SNCY, and within 75 minutes of debuting at 11 a.m., the Twin Cities-based airline had seen its stock rise by 44% to $34.77.
The company was bought by New York-based investment group Apollo Global Management in 2017
It had sold 9.1 million shares at $24 ahead of its market debut, raising $218 million for the company that CEO Jude Bricker told the Star Tribune will be used to pay off its $46 million CARES Act pandemic loan, buy new airplanes, and hire more workers.
Angel Food Bakery leaving downtown for Texa-Tonka shopping center
Owner Katy Gerdes cited announcements from businesses not returning to downtown as a factor in the decision
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Downtown doughnut staple Angel Food Bakery has announced it is moving to the suburbs, marking the latest business to announce a departure from downtown.
After serving up sweets to downtown visitors for nine years, the bakery will set up shop in the newly renovated Texa-Tonka shopping center off of Minnetonka Boulevard in St. Louis Park. With the continuing blows about offices and business not coming back any time soon, I have exhausted all my options for the business surviving in the downtown area, owner and chef Katy Gerdes announced on Instagram over the weekend.