PSC APPROVES UTILITY COVID-19 COST RECOVERY

Wisconsin investor-owned utilities will be able to recover some expenses incurred as a result of the COVID-19 coronavirus health crisis. However, the relief will be at a lower rate of return than companies had requested. The Public Service Commission has voted to allow investor-owned utilities to track and defer expenses and lost revenues related to maintaining service under health emergency orders which prevent them from shutting off service or collecting late fees. The PSC split on the rate of interest on that money, with the majority favoring short-term borrowing costs which range from 2.7 percent to 3.4 percent depending on the company.
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