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Electric Rates May Stabilize

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Electric Rates May Stabilize

Many rural electric cooperatives in South Dakota had to raise rates sharply over the past few years to deal with their wholesale power costs. New electric generating plants and low water on the Missouri River contributed to those costs. This year, it looks like rates may stabilize.

Brad Schardin is the manager of Southeastern Electric, based in Marion…

 

Schardin says after increases of five to ten percent over the past couple of years, it looks like they will hold rates stable this year…

 

While they expect power usage to grow this year, Schardin says the recent cold weather has them pushing some peak loads…

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