The Daily Reporter – WI Construction News & Bids Wisconsin's Construction Authority
GREEN BAY, Wis. (AP) – Wisconsin Public Service Corp. has agreed to freeze electric rates and slightly decrease gas rates next year.
The Citizens Utility Board and the Wisconsin Industrial Energy Group opposed a proposed 9 percent increase in electric rates and a nearly 4 percent gas rate the Green Bay utility proposed earlier this year.
According to the WPSC, the freeze is possible by increased electric sales, decreased fuel costs and retaining a $19 million refund to customers. The Stevens Point Journal says the utility is expecting approval from state regulators within six weeks.
Information from: Stevens Point Journal, http://www.stevenspointjournal.com
