WPS seeking 8 percent electric rate increase - WAOW - Newsline 9, Wausau News, Weather, Sports

WPS seeking 8 percent electric rate increase

GREEN BAY (WAOW) – Wisconsin Public Service Corp. wants to raise electric rates 8 percent beginning in 2015.

The utility said Tuesday it filed the request with the state Public Service Commission. The request seeks to lower natural gas rates 0.5 percent.

The company's electric rates have remained relatively unchanged since 2008 and gas distribution rates have decreased over the same period,” the utility said in a statement.

If the new rates are approved, the typical residential electric customer would pay about $6 more each month and the typical natural gas customer would pay about 34 cents less each month, WPS said.

The utility said it needs higher electric rates because of increased fuel costs for power plants, increased transmission costs, more overhead distribution lines being converted to underground lines and “general inflation.”

Even with a colder than normal winter that boosted prices, the 12-month average total cost of natural gas is about 23 percent lower than in 2008, WPS said.

WPS has about 441,000 electric customers and 319,000 natural gas customers in northeastern Wisconsin and a portion of the Upper Peninsula of Michigan.

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