For Immediate Release: August 31, 2005
Alliant Energy Ratepayers Slammed by Another Rate Hike
MADISON – The Citizens Utility Board is deeply concerned about the welfare of residents and businesses that buy electricity from Alliant Energy, which today asked the Public Service Commission of Wisconsin (PSC) to raise electricity rates by $41 million (about 5 percent).
“The ink has barely dried on Alliant’s most recent rate hike of $16.5 million, which was approved by the Commission on July 19, and already they are asking for more,” said Charlie Higley, executive director. “These electricity rate hikes are hammering household budgets and harming Wisconsin?s businesses,” continued Higley.
Wisconsin Power & Light, Alliant Energy’s utility subsidiary, requested the rate increase in a filing with the PSC. CUB will ask the PSC to deny the rate increase because the request appears to be based on insufficient data.
The PSC will likely make a decision on this rate increase in the next month or so.