Alliant Energy unit Wisconsin Power and Light Co. (WPL) filed its annual electric fuel cost plan with the Public Service Commission of Wisconsin (PSCW). The plan includes a 1.9 percent net increase in retail electric rates for calendar year 2014 due to expected higher electric fuel costs next year.
Alliant Energy’s plan includes a monthly increase of about $1.14 for the typical residential customer. Impacts of the change would vary for residential, commercial and industrial customers, depending on their usage patterns and the final rate level authorized by the PSCW.
According to the PSCW website, Alliant Energy has the lowest monthly residential electric bills among Wisconsin’s largest investor-owned utilities. In 2012, the utility was able to manage fuel expenses so that actual costs came in lower than what was collected during the year.
The company has requested that those savings be used to reduce the increase requested for 2014 fuel costs. Without the savings applied to the 2014 fuel costs, customers would likely experience a 3.1 percent increase.
Alliant Energy’s annual electric fuel cost plan filing is expected to receive PSCW approval by the end of this year. It would become effective January 1, 2014, and would be in place until the end of 2014.
WPL, based in Madison, Wis., provides electric service to 460,000 customers and natural gas service to 181,000 customers in more than 600 communities across central and southern Wisconsin.