Hibbing utility credits fuel flexibility with about $1.5 million gas‑cost savings during January price spike Mr. Peterson told commissioners that a late‑January cold snap combined with a regional pipeline rupture pushed spot gas prices toward $72 per decatherm and wholesale power near $800/MWh; shifting the plant to biomass and coal saved about $1.5 million and kept average gas costs near the $4.90/decatherm budget, and officials said they will not pass emergency costs to customers.

Hibbing's utility just saved $1.5 million by switching to biomass and coal during a brutal cold snap while keeping gas costs stable—no emergency charges for customers!

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