Alliant Energy's Wisconsin utility files request for 2014 electric rate adjustment

MADISON, Wis., July 16, 2013 /PRNewswire/ -- Alliant Energy's Wisconsin utility, Wisconsin Power and Light Company, filed its annual electric fuel cost plan today with the Public Service Commission of Wisconsin (PSCW). The plan includes a 1.9 percent net increase in retail electric rates for calendar year 2014 due to expected higher electric fuel costs next year.

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Alliant Energy's plan includes a monthly increase of approximately $1.14 for the typical residential customer. Impacts of the change would vary for residential, commercial and industrial customers, depending on their usage patterns and the final rate level authorized by the PSCW.

According to the PSCW website, Alliant Energy has the lowest monthly residential electric bills among Wisconsin's largest investor-owned utilities. In 2012, the utility was able to manage fuel expenses so that actual costs came in lower than what was collected during the year. The impact of this success is that customers will realize a savings. The company has requested that those savings be used to reduce the increase requested for 2014 fuel costs. Without the savings applied to the 2014 fuel costs, customers would likely experience a 3.1 percent increase. 

"We are pleased that we were able to manage electric fuel costs during 2012 even better than expectations," said John Larsen, President of Alliant Energy's Wisconsin utility. "This allowed us to apply these customer savings against future increases. By doing so, the requested increase for next year is less than two percent, which is good news for our customers here in Wisconsin."

Alliant Energy's annual electric fuel cost plan filing is expected to receive PSCW approval by the end of this year. It would become effective January 1, 2014, and would be in place until the end of 2014.

Alliant Energy's Wisconsin utility (Wisconsin Power and Light Company), based in Madison, Wis., provides electric service to 460,000 customers and natural gas service to 181,000 customers in more than 600 communities across central and southern Wisconsin. Alliant Energy is committed to providing the energy and exceptional service its customers and communities expect – safely, reliably, and affordably. Alliant Energy Corporation is traded on the New York Stock Exchange with a ticker label of LNT. For more information, visit alliantenergy.com or call 1-800-ALLIANT (800-255-4268).

SOURCE Alliant Energy