Renewable projects led to 1% hike in state power rates
More renewable costs will hit utility bills in the next few years, especially for customers of Milwaukee-based We Energies.
A group representing large energy users said "The report probably needs to be looked at in the context of Wisconsin's unique economy and circumstances. Today we have some of the highest rates in the Midwest and we have a good deal more electric supply than demand."
June 19, 2012
by Thomas Content
in Journal Sentinel
A report from the state Public Service Commission tallies the cost of complying with the state's renewable power standard, concluding that it sent power rates up about 1% through 2010.
The report found that Wisconsin's renewable projects accounted for more than 7% of sales in 2010, or nearly twice the level of 2006, when the standard was adopted by the state Legislature.
Since 2007, the commission has endorsed proposals to build $1.7 billion in utility-owned renewable projects, primarily wind farms built in Wisconsin and nearby states.
The report doesn't account for about $500 million worth of projects, which were not completed as of... [continue via Web link]