March 13, 2008: We Energies Seeks Another Rate IncreaseMedia Clip
Posted March 13th, 2008 by ElenaVelkov
Like many utilities around the region, Wisconsin's We Energies is raising its rates. Journal Sentinel We Energies on Thursday asked state regulators to raise electric rates by $79 million because of surges in the price of natural gas used in its power plants and other fuel cost increases. If approved, the increase would add $2.24 to the monthly bill of a residential customer now paying nearly $86 a month. Rates for large industrial customers would rise by 3.6% on average, said utility spokesman Brian Manthey. We Energies is seeking to increase rates as the price of natural gas has soared by 30% since mid-December. The state's largest utility is scheduled to open its second new natural-gas-fired power plant in Port Washington this year. |
