- Associated Press - Wednesday, May 27, 2015

BISMARCK, N.D. (AP) - North Dakota regulators say Montana-Dakota Utilities Co. customers will be getting a break on their electric bills over the next two months.

North Dakota’s Public Service Commission says MDU customers should see an average credit of $2.14 beginning with their June electric bill.

The Public Service Commission says the credit is the result of an earnings sharing agreement MDU reached with regulators in August.

The agreement requires MDU to return 50 percent of earnings that exceed the company’s allowable return on investment. The Bismarck-based company will refund about $879,000 to customers for 2014.

Commissioner Randy Christmann says MDU’s “privilege of operating as a monopoly utility carries enormous responsibilities, including the responsibility to return excess earnings.”

As of late November, the company didn’t expect to have earnings to share for 2014.

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