Electric Vehicles in Sturgis

[F6Dave]

My statement regarding coal was not literal, but rather in general. We have one of the lowest power costs in the nation as a result.

That's a balanced mix of electricity sources. I can see how your rates have stayed low. And it's very clean, with 75% from nuclear, nat gas, and hydro.

It should be interesting to see what happens to electric rates now that natural gas and coal prices have more than tripled from just a year ago. Those commodities provide over 2/3 or our electricity, but utilities have long term contracts which have shielded ratepayers from the worst of the increases. As those contracts expire Americans are in for some shocking utility bills this winter.

[F6Pilot]

That's a balanced mix of electricity sources. I can see how your rates have stayed low. And it's very clean, with 75% from nuclear, nat gas, and hydro.

It should be interesting to see what happens to electric rates now that natural gas and coal prices have more than tripled from just a year ago. Those commodities provide over 2/3 or our electricity, but utilities have long term contracts which have shielded ratepayers from the worst of the increases. As those contracts expire Americans are in for some shocking utility bills this winter.

It will be interesting to watch utilities as the EV market continues to heat up and demand increases. Here is an older 2016 article regarding TVA, the main reason the region has such low rates.

Balanced Fuel Portfolio Helps Reduce Ratepayer Costs (tva.com)