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We Energies Proposes Rate Hikes Through 2028

We Energies faces a state regulatory decision on proposed electric rate hikes for 2027 and 2028. The increases would fund new clean energy projects and rising operational costs.

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Insights:
The We Energies Elm Road Generating Station seen from the roof of the Oak Creek Power Plant in Oak Creek on Friday, Dec. 8, 2023. We Energies is moving to shut down the first of four coal-powered generating units at Oak Creek Power Plant in May. The Elm Road plant will be transitioned from coal to natural gas over the next eight years.

WEC ENERGY GROUP INC subsidiary We Energies faces proposed residential electric rate hikes of 9.25% in 2027 and 5.5% in 2028, pending a state regulatory ruling.