For Release: 10/03/2012
WPS Proposes to Eliminate 2013 Electric Rate Increase and Reduce Gas Rates
Green Bay, WI – Wisconsin Public Service, a subsidiary of Integrys Energy Group (NYSE: TEG), today filed a request with the Public Service Commission of Wisconsin (PSCW) to modify its filing for retail electric and natural gas rates for 2013. This request, if approved, will result in no electric rate increase and a small natural gas rate decrease for 2013.
"Current economic forecasts are improved over those used in the initial filing," said David Kyto, WPS Rate Case Director. "In addition, because of lower fuel costs, we have a refund to pass along to customers. We propose to use that refund to offset increased costs. If the Commission agrees, there will be no electric rate increase for 2013."
Kyto noted that the filing continues a trend in which WPS retail electric rates have been stable for several years – with an average increase of less than one (1) percent per year for six years, including 2013. During that time, WPS had several notable accomplishments, including bringing Weston 4 into service, completing the 100-megawatt Crane Creek Wind Farm, and increasing the amounts it spends for transmission projects and to promote energy efficiency. Retail gas rates have actually decreased.
About Wisconsin Public Service Corporation:
Wisconsin Public Service Corporation, a wholly owned subsidiary of Integrys Energy Group, Inc. (NYSE: TEG), is an investor-owned electric and natural gas utility headquartered in Green Bay, Wisconsin. It serves approximately 439,000 electric customers and 318,000 natural gas customers in residential, agricultural, industrial, and commercial markets. It also provides electric power to wholesale customers. The company’s service area includes northeastern Wisconsin and an adjacent portion of Upper Michigan.
For More Information, Contact:
- David Kyto
Rate Case Director
- Media Hotline