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Native community development financial institutions unveil report detailing economic steps toward pandemic recovery

Native community development financial institutions unveil report detailing economic steps toward pandemic recovery
indiancountrytoday.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiancountrytoday.com Daily Mail and Mail on Sunday newspapers.

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How a deep freeze in the South burned Minnesotan consumers

How a deep freeze in the South burned Minnesotan consumers
Minnesota utilities made a losing bet on natural gas markets, leaving customers on the hook for higher prices.
April 17, 2021 8:00am
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When a deep freeze hit the South in February, the natural gas market essentially failed Minnesotans, leaving them on the hook for an unprecedented $800 million in extra charges.
Under state law, utilities pass down wholesale gas costs, which skyrocketed in February. Many Minnesota consumers will pony up at least 50% more than they pay annually for their heating bills.
Customers of CenterPoint Energy, the state s largest gas utility, will be hit the hardest: $354 for the average residential household. The state s second- and third-largest gas utilities, Xcel Energy and MERC, expect surcharges of $270 and between $225 to $250, respectively. ....

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Local natural gas utilities weigh in on price spike impact

The Minnesota Public Utilities Commission is investigating an increase in natural gas prices and Sen. Tina Smith also asked the U.S. Department of Energy to investigate this due to concerns about possible price gouging. ....

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