WPS looks to raise electric rates by 8 percent
Wisconsin Public Service Corporation (WPS) today filed a request for new utility rates in 2015 with the Public Service Commission of Wisconsin (PSCW). The proposal calls for an 8 percent increase in electric rates and a decrease of 0.5 percent in natural gas rates.
If approved, and applied equally to all customer classes, the new rates will result in an increase of about $6 monthly for a typical residential electric customer using 600 kilowatt-hours per month.
A natural gas customer using 800 therms annually would see a $0.34 monthly decrease.
According to the Milwaukee Journal Sentinel online, the rate increase could be due to in part to work being performed around the Northwoods.
“Drivers for the rate increase being sought for 2015 include higher fuel and transmission costs and inflation, as well as costs associated with the company’s project that will address power reliability problems in certain parts of northern Wisconsin by converting distribution lines to underground lines from overhead,” the blog said.
The new rates would got into effect in 2015.