Three Wisconsin utilities apply for rate hikes in 2024, citing renewable energy construction costs
May 15, 2023
Three utilities have submitted proposals to the Public Service Commission of Wisconsin to increase rates in 2024, and consumer advocates worry about how rate hikes could affect customers.
Those utilities are Alliant Energy, Xcel Energy and Madison Gas and Electric. The Public Service Commission, or PSC, is reviewing their requests for adjusted rates.
The utilities cite the upfront costs of renewable energy projects as one of the factors for the proposed rate increases. In the long run, they say those projects could help stem future rate increases. But a consumer watchdog worries that profits and serving shareholders, rather than customers, are also motivating factors.