UTILITY REGULATORS APPROVE RATE HIKES FOR WE ENERGIES AND WISCONSIN PUBLIC SERVICE

Wisconsin utility regulators have approved rate hikes for electric and natural gas customers served by two of the state’s largest utilities, but they reduced returns utilities can collect. The Wisconsin Public Service Commission has approved overall electric rate hikes of 8.8 percent for We Energies and nine percent for Wisconsin Public Service, according to commission staff. The increase is higher than utilities had initially proposed, but less than changes they suggested later that would have shifted more costs to residential customers.

This fall, the utilities owned by Milwaukee-based WEC Energy Group asked for electric rate hikes of thirteen percent for We Energies residential customers and a nearly fifteen percent increase for Wisconsin Public Service.

We Energies residential customers will see a nearly eleven percent increase that will eleven to twelve dollars more per month, according to preliminary figures from the commission and utilities. WPS customers will spend nine dollars more per month.

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