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We Energies' request for 9.25% higher electric rates awaits a state ruling
A typical We Energies bill would climb to $166 a month by 2028
Source: Milwaukee Journal Sentinel
View as table
| Value | |
|---|---|
| Now | $142 |
| 2027 | $157 |
| 2028 | $166 |
If you pay a We Energies bill, a decision is close. The state Public Service Commission is expected to rule within days on the utility's proposed rate hikes: 9.25% for residential electric in 2027 and 5.5% in 2028. They would be the fifth and sixth hikes in a row.
Data centers aren't driving the increase, according to regulators and We Energies. Microsoft's Mount Pleasant campus falls under a separate rate the PSC approved in April for data centers of 100 megawatts or larger. New solar, wind, battery storage and natural gas projects make up $230 million of the increase through 2028.
We Energies' proposal by the numbers
- 9.25%
- residential electric hike sought for 2027
- 5.5%
- residential electric hike sought for 2028
- $230 million
- for new energy projects through 2028
- 43.4%
- more for electricity in 2028 than in 2020
Source: Milwaukee Journal Sentinel
- Return on equity sought: 9.9%, up from 9.8%
- PSC staff recommended: 9.5%
- Citizens Utility Board asked for: 9.1%
In school money news, seven of 13 Racine County districts see an increase in state aid, the Journal Times reports.
