Thursday, October 6, 2011

PSCW approves proposal to hold base rates at 2011 levels through 2012

The Public Service Commission of Wisconsin (PSCW) today approved our proposal to hold customers’ current base rates through 2012, providing certainty about energy costs for the coming year.

In May, we filed the rate proposal which called for no increase in base rates for 2012 in response to the fragile economic recovery expected to continue through next year.

A projected rise in fuel costs for 2012 is expected to be offset partially by returning proceeds from our settlement with the Department of Energy concerning spent nuclear fuel storage.

With today’s decision, we will continue to recover investments already approved by the PSCW to strengthen reliability, comply with changing environmental requirements and meet the state’s renewable energy mandate.

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