MADISON - Wisconsin customers of Alliant Energy will see no increase to base electric and natural gas rates through 2020 under a verbal decision by the Public Service Commission of Wisconsin (PSC).
The decision keeps base rates at 2017 levels while bringing the Riverside Energy Center, a new highly efficient natural gas generation facility in the Town of Beloit, online in 2019. Reductions in operating costs, the addition of low-cost wind energy and savings from the 2017 Tax Cuts and Jobs Act helped enable the freeze.
Alliant has held base electric and natural gas rates flat in six of the past eight years, according to a news release from the company. Alliant Energy's retail electric rates are among the lowest in Wisconsin.