Wisconsin Approves Smaller We Energies Rate Hike
Wisconsin regulators approved a smaller electric rate hike for We Energies than requested, lowering the utility's profit margins to ease burdens on residents. The approved increases will raise rates by over seven percent through 2028 to fund clean energy projects.
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Wisconsin regulators approved electric rate hikes of 3.9% for 2027 and 3.5% for 2028, cutting down a request from We Energies. The decision follows a marathon November meeting amid mounting voter frustration over utility affordability. The reduced increases will still add $13 to $15 to monthly residential bills over the two-year period, weighing on low-income households.
