Close Menu
Invest Intellect
    Facebook X (Twitter) Instagram
    Invest Intellect
    Facebook X (Twitter) Instagram Pinterest
    • Home
    • Commodities
    • Cryptocurrency
    • Fintech
    • Investments
    • Precious Metal
    • Property
    • Stock Market
    Invest Intellect
    Home»Stock Market»Citizens Utility Board urges public comment on utility rate increase
    Stock Market

    Citizens Utility Board urges public comment on utility rate increase

    October 14, 20242 Mins Read


    GREEN BAY, WI – (WGBW & WISS) – In April of this year, Wisconsin Public Service (WPS) asked the Public Service Commission of Wisconsin (PSC) for a utility rate increase of more than $200 million dollars for customers in northern and eastern Wisconsin in 2025 and 2026. The Citizens Utility Board (CUB) is urging people to make public comments on the rate hike online. 

    How much is too much?

    Tom Content is the president of CUB. He describes the organization is a non-partisan, non-profit organization that is the designated consumer advocate for residential, non-profit, and small business energy consumers in Wisconsin. Content said WPS is requesting an 8.5% increase in electricity rates in 2025 and another 4.9% increase in 2026. Content says that way outpaces inflation.

    “Inflation is supposed to be about 2 and a half percent or less in the next two years,” said Content. “So this is a big jump compared to inflation. We’re looking at sizable increases.”  

    Content said that the “energy burden” or the amount of the household income that should go to energy bills is at 6 percent or less to be considered affordable. If the PSC approves the utility rate increase the energy burden for households in Northeast Wisconsin will increase to about could soar to double digits.

    “There are a lot of people in Northeast Wisconsin that are already struggling to make ends meet and struggling to pay their utility bills. ‘How much is too much?’ Is kind of question,” Content said.

    Content concedes that some rate increases are warranted, as WPS has been expanding infrastructure in Wisconsin. They’ve built solar projects, energy storage projects, and a natural gas plant in Wausau.

    “Those things have to be paid for, but there are issues where we can find savings,” said Content. “Should the rate payers be funding management bonuses? No. We don’t think so.” 

    To make your written public comment online for the WPS rate increases visit here. Today is the last day to make those comments online.



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    Altria Could Shatter Its 52-Week High: This Dividend King Beckons With a 6.4% Yield

    Stock Market

    The great software stock meltdown

    Stock Market

    Billionaire Ray Dalio Warns Wall Street of a “Bearish Force” Just as This Stock Market Alarm Bell Rings.

    Stock Market

    Smart Investor: Best Dividend Stocks, K-Shaped Risks, and Crypto IPOs

    Stock Market

    3 Ultra-High-Yield Dividend Stocks for Safe Income in 2026 and Beyond

    Stock Market

    United Utilities to recruit record number of apprentices

    Stock Market
    Leave A Reply Cancel Reply

    Top Picks
    Commodities

    Laos aims to boost agricultural production, strengthen competitiveness

    Cryptocurrency

    Next Cryptocurrency to Explode, 22 April — Ronin, DigiByte, TRON, Aave

    Commodities

    International Co For Agricultural Corps : bénéfice consolidé de 84,8 millions d’EGP au troisième trimestre

    Editors Picks

    Dubai-based cryptocurrency exchange Bybit loses $1.5 billion worth Ethereum in theft by hacking

    February 21, 2025

    Are commodities worth investing in?

    September 12, 2017

    Fed fears trigger biggest Indian gold, silver crash since 1980

    January 31, 2026

    Top UK Cities for Property Investment and Rental Yields

    July 3, 2025
    What's Hot

    Tabuk Agricultural Development obtient un prêt de financement du Fonds de développement agricole

    June 15, 2025

    Latvia declares agricultural emergency amid floods, crop damage

    August 5, 2025

    Carlton Investments affiche des bénéfices et un chiffre d’affaires en hausse pour le premier semestre fiscal -Le 25 février 2025 à 08:18

    February 24, 2025
    Our Picks

    Adani Enterprises raises Rs 1,000 crore via bonds: Report – Industry News

    October 7, 2025

    Newport & District Agricultural Society names George Painter 2026 President

    September 16, 2025

    Copper is the new Gold

    September 12, 2025
    Weekly Top

    5 Essential Financial Tips to Avoid Running Out of Retirement Savings

    February 15, 2026

    The great software stock meltdown

    February 15, 2026

    Silver Price: ‘Huge Overnight Attack’ Alleged as Market Slumps 30 Per Cent

    February 15, 2026
    Editor's Pick

    Metal Gear Solid: Master Collection Vol. 2 announced for PS5, Xbox Series, Switch 2, Switch, and PC

    February 12, 2026

    record level lost as lower commodities and US market bite

    July 19, 2024

    New Malware Hidden Within PostgreSQL Process Deploys Cryptocurrency Miners

    August 22, 2024
    © 2026 Invest Intellect
    • Contact us
    • Privacy Policy
    • Terms and Conditions

    Type above and press Enter to search. Press Esc to cancel.