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Stock impact report

Wisconsin utility rate increases amount to $300M over 2 years [Yahoo! Finance]

Alliant Energy Corporation (LNT) 
Last alliant energy corporation earnings: 8/1 06:00 pm Check Earnings Report
US:NYSE Investor Relations: alliantenergy.gcs-web.com
Company Research Source: Yahoo! Finance
(The Center Square) – Wisconsin's recent Public Service Commission approvals of energy rates for Alliant Energy and Xcel Energy will amount to a $300 million increase in rates for residential customers over the next two years, according to a Public Service Commission report. That includes $156.4 million in a rate settlement for Alliant Energy and $148.3 million in rates for Xcel. The group is set to vote on an increase for Madison Gas and Electric on Thursday. The increases will go into effect Jan. 1. Both utilities were recently approved to hold 9.8% profit margins for investors. The commission reviews the company's rate increase requests and reasoning and then approves the measure. In the case of Alliant, the settlement was between Alliant, Blacks for Political and Social Action of Dane County, Inc., Clean Wisconsin, Citizens Utility Board of Wisconsin, International Brotherhood of Electrical Workers Local 965, RENEW Wisconsin, Walmart and Wisconsin Industrial Energy Group. Show less Read more
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