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Alliant Energy manages fuel costs to limit adjustments in 2014
MADISON, Wis. – November 14, 2013 – Alliant Energy’s Wisconsin utility received approval from the Public Service Commission of Wisconsin today to adjust retail electric rates by approximately two percent in 2014 due to higher expected fuel costs next year.
“We work very hard to manage fuel costs. Our efforts in 2012 led to a refund last September of $11 million for our electric customers,” said John Larsen, President of Alliant Energy’s Wisconsin utility. “Even with next year’s approved adjustment, customers’ per kilowatt-hour costs will still be lower than they were in 2011.”
The 2014 fuel cost adjustment will increase the monthly bill of a typical residential electric customer by approximately $1.17 beginning in January. Impacts of the change will vary for residential, commercial and industrial customers, depending on their usage patterns and applicable rate.
Alliant Energy Corporation’s Wisconsin utility subsidiary, Wisconsin Power and Light Company, utilizes the trade name of Alliant Energy. The Wisconsin utility is based in Madison, Wis., and provides electric service to 459,000 customers and natural gas service to approximately 180,000 customers in more than 600 communities across central and southern Wisconsin. The employees of Alliant Energy focus on delivering the energy and exceptional service their customers and communities expect – safely, reliably, and affordably. Visit alliantenergy.com or call 1-800-ALLIANT (800-255-4268) for more information. Alliant Energy Corporation is traded on the New York Stock Exchange under the symbol LNT.
