Wisconsin Electric Power Company (WEPCO) and Wisconsin Gas Company (WG) filed for an increase in rates on March 13, 2009. WEPCO’s application covers each of its four utility operations separately: its electric operations (WE Electric), its natural gas operations (WE-GO), its downtown Milwaukee steam operations (DMS), and its Wauwatosa steam operations (WS). Collectively, these are known as “We Energies” . WEPCO requested a $189.7 million (7.5 percent) Wisconsin jurisdictional revenue deficiency for electric operations, a $38.8 million (4.6 percent) revenue deficiency for WG’s operations, a $22.1 million (3.6 percent) revenue deficiency for the WE-GO and revenue deficiencies of slightly more than $1 million for each of the DMS and WS steam utilities.
The Commissioners expressed concern about increasing rates during the current economic hardship the state is experiencing and were all keeping track of the financial impact of their decisions on the “bottom line.” The final approval was less than the utility’s request.
Docket 5-UR-104
