MDU electric customers will see a credit on their bills in June and July.
"In 2014, MDU had a projected earning, and they exceeded that project earning," said Public Service Commissioner Brian Kalk. "Anything that exceeds that projected earning, they have to go back and split half of it withy their customers."
Kalk says that means customers will see an average $2.14 of credit on each of the bills.
Commission chairman Julie Fedorchak says while she supported the clause in MDU’s latest electric rate case – that called half the overcharges to be returned to customers – she has some questions about MDU’s estimates.
"In the middle to the end of November, 2014, MDU said, 'We don't anticipate additional revenues to share with customer,'" said Fedorchak. "And in a six week time frame, that changed to having more than $3 million above the projection. That concerns me that they were off that much that late in the year."
The PSC has asked MDU to explain what happened – and why. But the commissioners say it’s good that customers will get at least part of their money back.
