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PSC approves electric rate freeze for Wisconsin Power and Light customers

MADISON, WI (WTAQ) - Electric customers in south central Wisconsin will keep having their basic rates frozen for two more years.  

The state Public Service Commission approved the arrangement Friday for Wisconsin Power and Light.

Customers will still see their rates fluctuate according to how much it costs to produce power. The adjustments are reported separately on customers' bills -- and they equaled about a two percent rate increase for this year.  

Still, the PSC noted that Power and Light customers pay less than those served by the state's other major utilities. A typical residential customer for WP&L now pays just under $74 a month for electricity.  

Also, the utility's natural gas rates will drop about 5 percent next year, and be frozen in 2016.  

The utility reached a settlement with consumer groups to continue the basic rate freeze -- something commissioners praised.

(Story courtesy of Wheeler News Service)