WPL receives approval to implement electric and gas rate freeze

Wisconsin Power and Light Co. (WPL), a subsidiary of Alliant Energy Corp. (NYSE: LNT), received approval from the Public Service Commission of Wisconsin (PSCW) June 15 to implement its 2013-2014 electric and gas base rate freeze. WPL will maintain its current retail electric base rates through 2014; reduce retail gas base rates by 7 percent in 2013, followed by a freeze of those gas rates through 2014.

The approved rate freeze applies to retail base rates and it excludes the impact of changes in electric fuel and natural gas costs that could make overall rates go up or down.

Earlier this month, WPL filed its required annual electric fuel-cost plan, which includes a request to reduce overall retail electric rates by 2.5 percent in 2013 due to expected lower electric fuel costs.

WPL's annual electric fuel-cost plan filing is expected to receive PSCW approval by the end of 2012.

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