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Madison Gas and Electric Seeks Wisconsin's Approval for Increase in Rates.
Byline: Judy Newman
May 2--Madison Gas and Electric Co. is asking state regulators for permission to increase its electricity and natural gas rates nearly 6.5 percent overall.
If approved, the average residential electric customer will have to pay another $3.76 a month to a total of $65.43 a month, while a typical natural gas bill will go up $2.91, to $60.54 a month.
The additional $22.5 million a year will help pay for rising fuel costs, electric transmission improvements to MGE's service territory and increasing health insurance costs for the company's employees, said MGE treasurer Jeff Newman. It will also pay part of the $20 million to $25 ...
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