Mountain Iron, Minnesota Electric Utility

About Mountain Iron, Minnesota Electric Utility

Mountain Iron, Minnesota Electric Utility is a municipally owned organization with headquarters in Mountain Iron, Minnesota and supplying power to customers in Minnesota. There are 4 industrial customer accounts, 142 commercial accounts and 1,108 residential customer accounts receiving service from the supplier. Mountain Iron, Minnesota Electric Utility charges their consumers a residential electricity rate of 9.65 cents per kilowatt hour on average, which is 27.96% below the average state price of 13.40 cents and 27.21% below the national average of 13.26. In 2019 the company sold 25,549 megawatt hours to end users (known as retail sales). Of the megawatt hours they sourced, 25,549 megawatt hours were acquired on the wholesale electricity market. In 2019, the provider made 99.96% of their revenue from retail electricity sales. Their revenue from electricity activities was $2,638,000.

The Minnesota average monthly residential power bill is $104.42, while the Mountain Iron, Minnesota Electric Utility average is 28.48% less at $70.83 per month. This is the 14th lowest average monthly bill amount for a provider in Minnesota. Electricity generation is not handled in house at the company, as they purchase power at wholesale rates from other suppliers to then be resold to their consumers.

Mountain Iron, Minnesota Electric Utility Rate & Electric Bills

Mountain Iron, Minnesota Electric Utility residential electric rates are highest in January and the highest average bill is in January.

Historical Electric Rates:

Price Per kWHAverage Bill$0.097/kWh$0.093/kWh$73.08/mo.$70.83/mo.
426th9.65¢Mountain Iron, Minnesota Electric Utility's Average residential price per kWh
239th$70.83Average monthly electric bill for Mountain Iron, Minnesota Electric Utility's residential customers

Mountain Iron, Minnesota Electric Utility Overview

  • Company Type:Municipal
  • Headquarters:8586 Enterprise Drive South
    Mountain Iron, Minnesota 55768
    United States of America
  • CEO:Craig J. Wainio

Mountain Iron, Minnesota Electric Utility Contact

Mountain Iron, Minnesota Electric Utility Service

Mountain Iron, Minnesota Electric Utility Coverage Map

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Mountain Iron, Minnesota Electric Utility State Coverage

StateCustomersSales ($)State Rank Based On Revenue% of Provider's Residential Sales in State
Minnesota1,2542,563,000121100%

Mountain Iron, Minnesota Electric Utility County Coverage

CountyPopulationProvidersAvg. County Rate (¢)Avg. Electric Bill
St. Louis County199,070811.91$78.08/mo

Cities Mountain Iron, Minnesota Electric Utility Has Coverage

  • Aurora, MN
  • Babbitt, MN
  • Biwabik, MN
  • Brookston, MN
  • Buhl, MN
  • Chisholm, MN
  • Cook, MN
  • Duluth, MN
  • Ely, MN
  • Eveleth, MN
  • Floodwood, MN
  • Gilbert, MN
  • Hermantown, MN
  • Hibbing, MN
  • Hoyt Lakes, MN
  • Iron Junction, MN
  • Kinney, MN
  • Leonidas, MN
  • McKinley, MN
  • Meadowlands, MN
  • Mountain Iron, MN
  • Orr, MN
  • Proctor, MN
  • Rice Lake, MN
  • Tower, MN
  • Virginia, MN
  • Winton, MN

* City coverage generated based on government data. Always verify you can get service from the provider.

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Mountain Iron, Minnesota Electric Utility FAQ:

What is the phone number for Mountain Iron, Minnesota Electric Utility?

The Mountain Iron, Minnesota Electric Utility phone number is (218) 748-7570.

How much is the average bundled bill for Mountain Iron, Minnesota Electric Utility customers each month?

The average monthly bundled electric bill for customers of Mountain Iron, Minnesota Electric Utility is $70.83. The state average bundled bill is $104.42 and the US average is $104.42.

Who is the CEO of Mountain Iron, Minnesota Electric Utility?

The current CEO of Mountain Iron, Minnesota Electric Utility is Craig J. Wainio.

What is the average bundled electricity rate for Mountain Iron, Minnesota Electric Utility customers?

Customers of Mountain Iron, Minnesota Electric Utility, on average, have an electricity bundled rate 9.65 cents per kilowatt hour (¢/kWh).

What cities does Mountain Iron, Minnesota Electric Utility provider electricity in?

Mountain Iron, Minnesota Electric Utility serves 27 cities throughout the US.

Last Reviewed By: Fernando García
Published: 2021-03-16Last Updated: 2022-01-10