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MGE Files Rate Changes For 2011
On April 22, 2010 Madison Gas and Electric (MGE) filed an application with the Public Commission of Wisconsin (PSCW) to increase electric and natural gas rates for 2011.
The request increases electric rates 9.4% and natural gas rates 2.0%. If approved, the average residential electric bill will increase $7.51 a month and the typical gas bill will go up by $1.94. The changes are requested effective Jan. 1, 2011.
"This request will pay for environmental improvements and controls that reduce emissions while still generating the electricity our customers need," said Gary J. Wolter, MGE chairman, president and CEO. Specifically, the request includes costs to commission the new, state-of-the-art Elm Road Generating Station in Oak Creek. The increase also will begin to pay for installation of significant new environmental controls at Columbia Energy Center and the early conversion of Blount Generation Station to natural gas. The Blount plant is on schedule to eliminate all coal burning by the end of next year. All of these investments improve the environmental profile of MGE's generating fleet.
According to U.S. Energy Information Administration (EIA) the average cost of electricity for the State of Wisconsin has increased by over 5.5% from April of '09 to April of '10. The national average for electric rates is at $11.75/kWh and Wisconsin is at $12.54/kWh. Click Here to view the table where this information was gathered.
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