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Natural Resources
During 2002, 59.98 billion cubic feet of natural gas was produced and 52.7 billion cubic feet of natural gas was processed in North Dakota. The state houses the only commercial-sized coal gasification plant in the United States; Great Plains Synfuels.
If you bring your business to North Dakota, you will have access to some of the most affordable utilities in the United States. In fact, North Dakota exports nearly 70 percent of the electricity it produces, according to the Energy Information Administration (EIA). The EIA estimates the average retail price of electricity to North Dakota’s industrial users, year-to-date through December 2003, was 4.12 cents per kilowatt hour as compared to 4.95 cents for the U.S. This is due to an abundant supply of coal, oil and other natural resources.
The cost and availability of energy are key factors in industrial location decisions. Our extensive reserves of untapped coal and crude oil guarantee that power will be delivered to North Dakota business and industry now and far into the future.
According to one of North Dakota’s major utilities, you can expect the following rates for natural gas:
| Average Cost for Industrial Users |
$.719/dk – plus cost of gas |
| Firm Contract Rates |
$.473/dk – plus cost of gas |
| Interruptible Service Rates |
$.719/dk – plus cost of gas |
It’s a simple matter to figure electric costs in North Dakota. Working with one of our state’s major utilities, your rate is 3.255 cents per kilowatt hour for primary service and 3.336 cents per kilowatt hour for secondary service.
Primary service is applicable to customers that own their own transformers, related equipment and distribution facilities downstream of the meter, satisfactory to the Company so the customer can receive service and be metered at primary voltages of 2,400 volts or greater.
The demand component for primary service in winter months (October through May) is $5.254 per kilowatt and $8.254 per kilowatt for primary service in summer months (June through September). The demand component for secondary service in winter months is $8.224 per kilowatt and $11.224 per kilowatt in summer months.
For additional information about North Dakota’s natural resources or to have one of our business development consultants answer specific questions regarding your project, contact us at 1-866-4dakota or 701-328-5300.
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