by jboullion | Nov 25, 2009 | Uncategorized
From an article by Brian E. Clark on WisBusiness:
In an oral decision Tuesday, the state Public Service Commission approved an average rate hike of roughly $60 million, or 6.4 percent, for Alliant Energy. It will go into effect Jan. 1.
Officials said the ruling will mean average residential customers will see a monthly jump in their electric bills of about $6.10. The PSC also raised the company’s natural gas rates by about $5.5 million, amounting to a monthly increase of approximately $1.50 for gas distribution service.
“Today’s action struck a balance between a utility that needs more revenue to continue to provide reliable service, and a customer base that is working its way through hard economic times,” PSC Chairman Eric Callisto said. “At the end of the day, we cannot allow a regulated utility to fall off the cliff. Today’s decision kept the current recession in mind while keeping the lights on and keeping the utility moving forward.”
The Madison-based company had initially requested an increase of more than $100 million, or 10 percent. The PSC staff, in an audit, recommended a $73 million boost, or about 7.8 percent on average.
Part of the rate increase will cover declining sales for the utility. Since 2008, it has lost several major industrial customers, including the huge General Motors plant in Janesville. Another part of the rate increase will pay for the utility’s investment in the Bent Tree wind farm in Minnesota.
Charlie Higley, executive director of the Citizens Utility Board, said he was he was “glad the PSC was able to approve a more reasonable rate increase than that sought by the utility.
“That said, the PSC could have done more to lower rates, especially given the bad economy faced by consumers.”
by jboullion | Nov 25, 2009 | Uncategorized
From an article by Brian Reisinger in the Wausau Daily Herald:
Planned layoffs and furloughs at Wisconsin Public Service Corp. could impact the Wausau area, though it’s unclear how at this point.
The utility’s holding company, Integrys of Green Bay, plans an undetermined number of layoffs throughout the Midwest. In addition, about 600 administrators will take an unpaid week off in 2010, WPS spokesman Kerry Spees said.
The Wausau area has about 350 WPS workers, out of 5,100 total Integrys employees throughout the Midwest, said Jim Rosenberg, a community and governmental affairs representative for the utility. That makes local layoffs likely, said Rosenberg, who also serves on the Wausau City Council and Marathon County Board.
“The short answer is probably, but we don’t know that yet,” until the company weighs its options, he said.
Rosenberg said WPS will offer voluntary severance and that the number of people who accept it could affect the number of layoffs.
Spees said commercial demand for power is down nearly 9 percent compared with last year, and Rosenberg pointed to the recession as a contributing factor.
by jboullion | Nov 11, 2009 | Uncategorized
From a Tom Content post on JSOnline:
We Energies’ newest coal-fired plant is generating power, after “significant progress” in construction over the past three months, the company’s chairman said Thursday.
The coal plant consists of two coal-fired boilers next to an older coal plant on Lake Michigan in Oak Creek. The first new boiler began burning coal earlier this month and has been running at 25% of maximum power in recent days, said Gale Klappa, We Energies chairman and chief executive.
Bechtel Power Corp., the contractor on the project, also has made progress on building the second boiler, which is now 74% complete, Klappa said.
The $2.3 billion project is the most expensive construction project in state history, as it’s roughly double the combined cost of building Miller Park and rebuilding the Marquette Interchange.
by jboullion | Nov 5, 2009 | Uncategorized
From a Tom Content blog post on JSOnline:
We Energies’ newest coal-fired plant is generating power, after “significant progress” in construction over the past three months, the company’s chairman said Thursday.
The coal plant consists of two coal-fired boilers next to an older coal plant on Lake Michigan in Oak Creek. The first new boiler began burning coal earlier this month and has been running at 25% of maximum power in recent days, said Gale Klappa, We Energies chairman and chief executive.
Bechtel Power Corp., the contractor on the project, also has made progress on building the second boiler, which is now 74% complete, Klappa said.
The $2.3 billion project is the most expensive construction project in state history, as it’s roughly double the combined cost of building Miller Park and rebuilding the Marquette Interchange.
by jboullion | Oct 20, 2009 | Uncategorized
A news release from the Public Service Commission:
MADISON – The Public Service Commission of Wisconsin (PSC) has rescheduled a 2nd public hearing for Wednesday, October 21 in Milwaukee on We Energies’ (Wisconsin Electric Power Company (WEPCO) and Wisconsin Gas, LLC) request to adjust electric, steam and natural gas rates.
Administrative Law Judge Michael Newmark will be present to receive comments from the public at the hearing site in Serb Hall, Wisconsin South Hall, 5101 West Oklahoma Avenue in Milwaukee beginning at 3 p.m. and 6 p.m.
When a utility requests a change in rates, the PSC conducts a thorough audit of the utility’s expenses and revenues. The agency will look at the amount We Energies needs to provide a reliable source of energy to customers, which includes costs of fuel, maintenance, new construction and environmental protection.
Public comments on We Energies’ application will be included in the record the Commission will review to make a decision. The PSC has the authority to approve, deny or modify the application.
Citizens are encouraged to attend. The hearing location is accessible to people in wheelchairs. Anyone requiring accommodations to participate should contact the PSC at 608-266-5481.
Documents associated with We Energies’ application can be viewed on the PSC’s Electronic Regulatory Filing System at http://psc.wi.gov. Type case numbers 5-UR-104in the boxes provided on the PSC homepage, or click on the Electronic Regulatory Filing System button.
