MADISON, Wis. (AP) — Regulators have scaled back an energy rate increase for customers in western and northwestern Wisconsin.
Xcel Energy had asked the Wisconsin Public Service Commission for permission to raise electric rates by $27.4 million and natural gas rates by $5.9 million. The PSC on Thursday approved a $7.6 million electric increase and a $4.2 million gas increase
The package raises electric customers' fixed monthly rates by $6 to $14 but dropping their usage rates by a little less than a penny per kWh. Together that translates to a 77-cent increase on the average residential electric bill.
Gas customers' fixed monthly rates would increase by $2.25 to $12.50. Other charges, such as distribution fees, will decrease, though. The net effect will be a $1.80 more per month for the average gas customer.