Alliant Energy to Freeze Base Rates Through 2016
Wisconsin Ag Connection - 07/15/2014
The Public Service Commission of Wisconsin approved Alliant Energy's proposal to keep electric base rates unchanged and reduce natural gas base rates for the next two years. The natural gas base rate will be lowered by $5 million in 2015 and maintained at that level through 2016.
"We are pleased that the PSCW has approved our proposal," said Alliant Energy CEO Patricia Kampling. "Rate stability is important for our customers, and we're proud that we've been able to keep our base rates steady since 2010."
The utility's electric base rates have remained stable and natural gas base rates have decreased since 2010. The approved freeze applies to retail base rates, but excludes fuel costs for electricity and natural gas.
Later this summer, Alliant Energy's Wisconsin utility will file its required annual electric fuel-cost plan, which may reflect increased fuel costs. The plan could result in higher overall retail electric rates in 2015.
Natural gas fuel costs are adjusted monthly based on the cost of the natural gas commodity. The PSC's written order on the approval of the base rate freeze is expected within the next two months.