New Holstein Utilities has filed an application with the Public Service Commission of Wisconsin (PSC) to increase electric rates.
The adjustment has been requested in order to offset inflationary increases in operational and maintenance expenses and costs associated with maintaining the reliability of the electric distribution system. The last electric rate increase went into effect on Dec. 1, 2015.
The requested increase in revenues is an overall increase above the electric utility’s present revenues of 5.44 percent, or $251,993. This request is detailed in the New Holstein Public Utility electric rate application submitted to the PSCW on May 28.
After review, commission staff proposed an increase in rates of $242,954 or 5.24 percent.
The actual change to individual customers will vary with electricity usage, class of service, and the ultimate rates authorized by the commission. If the application is approved by the PSCW, the average residential customer using 730 kilowatt-hours (kWh) of electricity per month will see a monthly increase of approximately $5.89, or 6.59 percent.
A telephonic public hearing on the application has been scheduled for Tuesday, Oct. 27 starting at 2 p.m. Members of the public may attend by telephone or listen to the live broadcast on the PSCW’s website at http://psc.wi.gov under the “PSC Live Broadcast” button. To attend by telephone call (872) 240-3212 (toll) and use the passcode 903 694 349 #.
More details on the hearing can be found in a legal notice published elsewhere in this week’s Tri-County News.
Or, just give us a call at 920-894-2828