MILWAUKEE — We Energies wants to raise your rates. Residential customers would see electric bills go up $5 to $6 per month to cover what We Energies calls the largest clean-energy transition in its history, according to our partners at the Milwaukee Business Journal.
The proposed electric rate increases would be 5% to 6%, the company said.
The investment includes $175 million for a solar farm in southwest Wisconsin. It creates nearly as much power as the biggest coal burning unit at the Oak Creek power plant with zero emissions.
It also includes $660 million for two large solar and battery projects in southeast Wisconsin. The company said it also plans to spend $700 million over the next decade to bury power lines and strengthen its delivery against severe weather, the Milwaukee Business Journal reports.
The typical customer's rate increase will amount to $4 to $8 per month for natural gas. However, the majority of a customer’s gas bill results from therms used rather than the base rate.
A final decision on the rate change is expected later this year.