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Electric Industrial Retail Rates for peer utilities (selected for population size and meter counts, as well as <br />the two neighboring Coops and the one IOU) in the state of Minnesota are represented in the graph <br />below with ten years of history from 2014 to 2023. The rate is represented in cents per kWh and <br />compares the rates of peer utilities to ERMU. Since 2018 ERMU has moved from near the top of the <br />rates to the middle of the range for industrial. <br />11.00 <br />10.00 <br />9.00 <br />8.00 <br />7.00 <br />Industrial Retail Rates MN <br />Ten Year History <br />2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 <br />Elk River Alexandria Anoka <br />Chaska Owatonna Shakopee <br />-Connexus Wright -Hennepin --- Xcel <br />Austin <br />Willmar <br />67 <br />