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Two notable events just occurred: The Public Service Commission’s blessing of NorthWestern Corp.’s 28% rate hike; and extreme cold.
28% rate hike
The all-Republican Commission approved a 28% rate hike, the majority of which falls on small businesses and residential users — renters and homeowners. The Commission rejected our challenge to that rate hike, forcing Montanans to gift Wall Street $3,447,870 every year. We pay our monthly bills based on a pretend cost of debt for Colstrip of 6.5%. In fact, NorthWestern’s actual cost of debt is about 4%. The difference, $3,447,870, is money Montanans a...
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