WE Energies and WPS Seek Rate Increases

We Energies asked the PSCW to approve a 5.9 percent increase in its electric rates of 2.9 percent in 2020 and another 2.9 percent in 2021. This would amount to a $72 per year increase for a residential customer. The utility wants to increase natural gas rates by 3.9 – 4.5 percent, as well, that would equate to a one percent increase in spending on natural gas for a residential customer. The utility would use the additional $150 million a year revenue to recover costs of electricity transmission, natural gas infrastructure, clean energy and a coal-fired plant in the Upper Peninsula of Michigan. Journal Sentinel

Wisconsin Public Service (WPS), like We Energies part of the WEC Energy Group, proposed to increase its electric rates by 4.9 percent in 2020 and by another 4.9 percent in 2021. The utility has not stated its proposed increase to natural gas rates and will update the filing with more specific information by May 1, 2019. WPS would use the additional revenue to support investments in the Badger Hollow and Two Creeks solar farms and to bury or upgrade 2,000 miles of electric distribution lines. PR Newswire