WisBusiness
The state Public Service Commission today granted Madison Gas and Electric (MGE) rate hikes for natural gas and electricity, but for significantly less than the utility requested. The new prices will go into effect in 2008.
The overall increases, of 4.8 percent for electricity and 2.8 percent for natural gas, will help cover costs outlined in Wisconsin Act 141, which was enacted in 2005 and mandates increased energy efficiency and greater use of renewables in Wisconsin.
MGE had requested increases of 9.9 percent for electricity and 3.7 percent for natural gas. The rate hikes means a $3 hike in monthly electric rates and a $4.40 increase in the natural gas bill for the average residential MGE customers. See release at http://www.wisbusiness.com/index.iml?Article=110079
