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WPS Seeks Changes In Rate Increase Requests
Wisconsin Public Service Corporation said the economy is doing better than first projected – and the utility now predicts higher electric sales for the year. The utility had predicted lower electric revenues in March, when it asked the state for the okay to raise an extra 85-million dollars. Also, Public Service says the cost of natural gas to operate its power plants is lower than projected. The utility had originally asked for a nine-point-two percent rate increase. The utility has now submitted a revised plan to the state, which would still raise an extra 19-million dollars in 2013. But for customers, it would be off-set by refunds for fuel costs. WPS spokesperson David Kyto says the change was requested due to new numbers...
"....there have been a few changes, a few updates to that case. We have proposed a rate freeze...an electric rate freeze for 2013....and we've also proposed a small natural gas decrease...."
Kyto says they've collected about 20 million dollars more than projected. Those revenues will be used to freeze rates to customers rather than a rebate.
State regulators will take final action on the proposal before the end of this year.
(Thanks for help Wheeler News-Learfield Data)