New Richmond Municipal Electric Utility has filed an application with the Public Service Commission of Wisconsin (PSC) to increase electric rates. The adjustment, as detailed in PSC docket #4139-CE-104, is necessary to cover increased operation and maintenance expenses that will allow the utility to continue providing reliable and quality services to our customers. The last electric rate increase was approved in September 2022.
The utility is requesting an overall increase of 6.61%, or $812,103. The final impact of the rate increase upon individual customers will not be known until the PSC issues an order; however, under the proposed rate structure, based on an average usage of 722 kilowatt-hours (kWh), the typical residential customer’s monthly bill would increase from $88.14 per month to $95.12 per month, an increase of $6.98 or 7.9%.
The PSC will conduct a virtual hearing for this docket. A notice of the hearing, along with instructions to participate in the hearing, will be published after a date has been set. For more information, please contact the PSC at (608) 266-5481 and refer to the New Richmond Municipal Electric Utility electric rate application under Docket 4139-ER-108.
Weston Arndt, Electric Superintendent New Richmond Municipal Electric Utility 715-246-4167