Citizens Utility Board of Wisconsin
Press Release

We Energies and Wisconsin Public Service Corporation Seek $800 Million Rate Increase for 2025-2026


By - Apr 12th, 2024 03:32 pm

MADISON – The Citizens Utility Board of Wisconsin released the following statement after We Energies and Wisconsin Public Service Corp filed rate cases Friday afternoon with the Public Service Commission. Altogether the utilities are asking for increases of more than $800 million for customers in eastern and northern Wisconsin.

CUB is the consumer advocate working on behalf of residential and small business utility customers across the state.

Here are some comments providing perspective on the cases from CUB Executive Director Tom Content:

WEC Energy Group shareholders have done extremely well over the past 20 years at a time when costs for We Energies customers have doubled and risen faster than the cost of living.”

“Shareholders of WEC Energy Group have enjoyed profits that are the highest in the state and well above the national average. High profits drive up costs and cry out for a more balanced approach that keeps the concerns of customers paying the bills top of mind.”

“From the filing it appears that We Energies wants to have its cake and eat it too: They want to make money on all the new solar and natural gas plants they ‘re looking to build, and they want to keep profiting on coal plants long after they’re shut down.”

“Saddling hundreds of millions of dollars of additional costs on customers who are already paying among the highest prices in the Midwest for electricity is something the Public Service Commission will need to evaluate very carefully.”

“Today’s filing amounts to the utility’s opening bid and we expect that the final rate increases for 2025 and 2026 will be well below that bid.

“Our experts at CUB will dig in and look hard for savings. CUB encourages homeowners, renters, and small businesses to raise their voice during public hearings this fall.”

NOTE: This press release was submitted to Urban Milwaukee and was not written by an Urban Milwaukee writer. It has not been verified for its accuracy or completeness.

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