The Green Bay-based utility is asking state regulators for permission to raise electric rates by 8 percent and lower natural gas rates by 0.5 percent. If approved, WPS says the electric bill a typical residential customer using 600 kilowatt-hours of electricity per month would rise by about $6. The bill for a typical residential natural gas customer using 600 therms per month would go down by about $0.34.
WPS says several factors are conrtibuting to the proposed electric rate hike. A one-time fuel refund to customers is being completed, there are increased costs for power plants and transmission, electric reliability has been improved by moving some power lines from overhead to underground and costs have risen with general inflation.
WPS says its electric rates have been about the same since 2008 while natural gas rates have decreased.
WPS has about 441,000 electric customers and 319,000 natural gas customers in Northeast Wisconsin and Upper Michigan.