Lanesboro, Minnesota Electric Utility

About Lanesboro, Minnesota Electric Utility

Lanesboro, Minnesota Electric Utility is headquartered in Lanesboro, Minnesota and it supplies electricity in the population who live there. A total of 584 customers (441 residential accounts and 143 commercial customers) receive electricity from the company. Lanesboro, Minnesota Electric Utility's customers are billed an average residential electricity rate of 9.78 cents per kilowatt hour, which is 37.05% lower than the average Minnesota rate of 15.54 cents. In 2019 they had retail sales of 6,344 megawatt hours. The electricity produced in the company's power plants made up 1.53% of the electricity sourced by the company and the purchase of wholesale electricity made up an additional 98.47%. The total revenue for the provider in 2019 was $930,000, which was earned entirely through electricity sales to retail customers.

The United States average monthly residential power bill is $135.34, while the Lanesboro, Minnesota Electric Utility average is 60.41% less at $53.58 per month. Lanesboro, Minnesota Electric Utility generates 336.46 megawatt hours from their electricity plants, which ranks them as the 705th highest producer of electricity in the nation out of 3526 electricity providers. The supplier generates 599th megawatt hours from non-renewable fuel types a year. Dams and other hydroelectric facilities associated with the electric company produce 310 megawatt hours, making the provider the 197th largest generator of hydroelectric power in the country out of 3526 providers.