Wisconsin Power and Light (WPL), just like the Janesville Water Utility, announced they will “likely’ file an emergency rate increase because of lost sales volume.
JG Excerpt: (Jan.22, 2009}Just before Christmas, the Janesville Water Utility also requested a rate increase for the same reason - low sales volume expected from the closing of the GM plant.
The chief executive of WPL's parent, Alliant Energy, projected WPL's sales will drop 6.4 percent this year, or $30 million. Because of that, Alliant CEO Bill Harvey says they "will likely file an emergency rate case" to the Public Service Commission.
JG Water Rate Increase: (Dec.20,2008)The Janesville water rate increase and WPL's increase are two sides of the same coin and both must acquire PSC approval before becoming law. Both requests defy the principle of supply and demand. When demand goes down - supply goes up - prices should drop. Instead, they want to increase prices to make up for lost revenue.
To account for the reduced revenue, the city has approved a wastewater rate increase and is anticipating a water rate increase for next year. Rate increases also are planned for 2010.
The PSC, the Janesville City Council and the Janesville City manager all want your input on this matter. Send all comments regarding rate increases by water, heating gas and electric utilities to the PSC.
Janesville residents, in addition to sending complaints to the PSC, can send their comments regarding the proposed water and sewer rate increases to the Janesville city manager and all council members here.
Note: WPL is a subsidary of Alliant Energy. For all practical matters - they are one and the same.
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