The Public Service Commission of Wisconsin this week ruled on the last of a series of requests to increase electric rates for Wisconsin utilities.
The commission reviewed new requests by Madison Gas & Electric, Xcel Energy and Alliant Energy to increase rates in 2024 and 2025, as well as limited requests by We Energies and Wisconsin Public Service to modify 2024 rates after they were set last year.
In their requests, utilities said the rate increases would help fund construction of renewable energy projects and grid modernization efforts. In the three new cases, regulators scaled-back the size of the electric rate hikes and took steps to limit utility profits, signaling an increased focus on affordability.
At a meeting discussing Madison Gas & Electric, or MGE, earlier this month, Commission chair Rebecca Cameron Valq said regulators were contemplating overlapping issues in many of…
