Posted Thursday, July 3rd --- 4:45pm
MADISON, Wis. (AP) -- The Public Service Commission of Wisconsin is approving requests by utilities to increase electric rates to cover the rising cost of fuel.
Both We Energies and Wisconsin Public Service Corp. sought the increases approved by the board on Thursday.
We Energies residential customers will see their electric rates rise by 4.1 percent, while Wisconsin Public Service residential customers will see their rates go up 5.2 percent.
The increase for We Energies customers translates into an extra $3.12 a month on the average homeowner's bill. The company says that includes a previous increase of $2.24 a month for fuel-related expenses.
Wisconsin Public Service customers will see, on average, their bills go up $2.74 a month. That number also includes a previous increase of $1.68 for fuel.
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