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WPS explores rate hikes in 2027 and 2028

As Wisconsin Public Service increases its investment in clean energy and reliability initiatives, electricity and natural gas bills are expected to rise.

 

WPS announced Wednesday its rate request with the Public Service Commission of Wisconsin aimed at helping fund infrastructure improvements. The request includes more than $132 million in savings from federal tax credits and earnings sharing with customers.

 

The filing includes recovering costs for new solar, wind, and battery storage projects scheduled to go online in 2027, funding for tree trimming and removal along more than 2,000 miles of power lines, and installing 80 to 100 miles of underground cable and other equipment.

 

“Our customers count on us every day for the energy they need, and we recognize our responsibility to continue providing safe and reliable energy,” WPS President Mike Hooper said. “This filing shows our continued commitment to keeping costs down as we invest in reliability for all of our customers.”

 

Customers will see the impact of that increased investment on their energy bills. WPS estimates the typical residential electric bill will increase by $11 per month in 2027 and $5 per month in 2028. Natural gas bills are expected to rise by about $7 per month in 2027, though customers will avoid an additional increase in 2028.

 

WPS said that even with the changes, energy bills will remain below the national average and in line with other Wisconsin and Midwest utilities.

 

If approved by the Public Service Commission later this year, the rate increases would take effect in January 2027.

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