Further examination of the costs incurred during the polar vortex is necessary to ensure utilities acted in a reasonable manner.” Considering the ongoing pandemic, this decision is deeply consequential for ratepayers. “Without our action today, customers would have paid hundreds of millions in additional costs over the next year. To ensure that Minnesota is prepared for future weather events, the Commission also directed the creation of a public stakeholder group to evaluate policy and rule changes that could protect Minnesota ratepayers from future potential weather-related price spikes and market disruption.ĭuring the meeting, PUC Chair Katie Sieben issued this statement: The Commission also ordered a contested case hearing to evaluate whether the utilities acted reasonably during the price spike event and whether the extraordinary costs are reasonable.
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