MADISON, Wis. (WRN) — Three Wisconsin utilities request electric rate hikes.
The state Public Service Commission approved rate hikes in 2023 for MG&E, Xcel and Alliant Energy. All three have filed with the PSC for increases ranging from just under 5 percent to nearly 12 percent over the next two years. Tom Content with the Citizens Utility Board representing residential and small business ratepayers hopes regulators keep the needs of customers in mind
“The fact is we just saw utilities get approved for double digit increases and here we are with another round of double digit increases that would be much higher than the cost of living right now,” Content said.
The utilities cite the need to upgrade infrastructure and build additional generating capacity. All three are also asking the PSC to allow for slightly increased profits.