MADISON, Wis. (AP) — State regulators have approved higher electric and natural gas rates for Wisconsin Power & Light customers.
The Public Service Commission approved a $60 million increase in electric rates. That will translate to about $6.10 more a month for the typical residential customer.
The commission also raised WP&L’s gas rates by about $5.5 million. That will mean another $1.50 per month for customers.
The PSC says the utility’s Bent Tree wind farm project in Minnesota, other construction projects and sales drops related to the recession drove the increases. PSC commissioners said they balanced the utility’s needs and customers working through hard times.