Skip Navigation
LARA: Michigan Department of Licensing and Regulatory AffairsMichigan.gov: Official Web Site for the State of Michigan
Michigan.gov Home
close print view

MPSC Authorizes Wisconsin Electric Power Company to Increase Its Electric Rates by $23.5 Million, 45 Percent Below What the Company Requested

Contact: Judy Palnau (517) 241-3323

July 1, 2010

The Michigan Public Service Commission (MPSC) today authorized Wisconsin Electric Power Company to increase its electric rates by $23,464,513 annually, 45 percent below what the company requested.

The company on Feb. 2 self implemented a rate increase.  As a result of today's order, a residential customer using 500 kilowatt hours per month will see an increase of $6.14 on their monthly bill (over the self-implemented amount).

Wisconsin Electric Power Company on July 2, 2009 filed an application requesting a $42.1 million rate increase.  The final amount approved today ($23.5 million) is 45 percent below what the utility requested and represents an increase of 14.2 percent over the rates set in its previous electric rate case (Case No. U-15500).

A fact sheet with details follows.

The MPSC is an agency within the Department of Energy, Labor & Economic Growth.

Wisconsin Electric Power Company

Case No. U-15981

Commission Order Fact Sheet

  1. Commission Order Date:  July 1, 2010
  2. Revenue Increase Granted:  $23,464,573 (The last rate increase was in Case No. U-15500 in 2008, which was a settlement agreement between parties).
  3. Rate of Return on Common Equity:  10.25%
  4. Debt to Equity Ratio:  42.63% debt-57.37% common equity
  5. Overall Rate of Return:  6.99%
  6. Wisconsin Electric Power Company has been directed to file a report on revenues associated with its self-implemented rates on and after Feb. 2, 2010 until July 1, 2010.
Related Content
 •  MPSC Grants License to United Energy Trading, LLC as an Alternative Gas Supplier
 •  Johnson Technology, Inc. Receives MIOSHA's Highest Recognition Award of their Workplace Safety and Health Excellence
 •  Profit Corporation 2014 Annual Reports Due On or Before June 30; LARA's Corporations, Securities & Commercial Licensing Bureau Sends Notice to Resident Agents
 •  Westland Pharmacist Summarily Suspended
 •  Madison Heights Physical Therapist Summarily Suspended
 •  MPSC Sets Expedited Schedule for Hearing on Michigan Gas Utilities' Request to Establish a Temporary Gas Cost Recovery Factor
 •  MPSC Approves Optional Energy Efficiency Program and Surcharge for Metered Streetlight Customers, Making Them Eligible for Energy Savings
 •  MPSC: Updated Law Improves Safety of Underground Digging Practices, Gives MPSC New Enforcement Authority
 •  Technology and Long Term Care the Focus of Today's Joint Provider Surveyor Training Conference in Grand Rapids
 •  Spring Thaw Brings Ice Warning from State Fire Marshal; Stay off all lakes, ponds, and rivers!
 •  Office of Regulatory Reinvention Issues Recommendations for Streamlining Rulemaking Process
 •  MPSC Sets Expedited Schedule for Hearing on Consumers Energy's Request to Establish a Temporary Gas Cost Recovery Factor
 •  MPSC Approves Three Settlement Agreements Authorizing the 2014 Power Supply Cost Recovery Factors for Three Electric Cooperatives
 •  MPSC Approves Rate Increase for Members of Michigan Movers Association
 •  MPSC Directs Four Natural Gas Utilities to Participate in Collaborative on the Creation of a Gas Choice Price Comparison Website
 •  Grand Rapids Pharmacist Loses License
 •  Caledonia Pharmacist Loses License
 •  Kentwood Pharmacist Loses License
 •  Lansing Nurse Summarily Suspended
 •  Litchfield Nurse Summarily Suspended
QR code

Michigan.gov Home
Michigan NewsMichigan.gov Survey


Copyright © 2001-2014 State of Michigan