Commission approves 2024 fuel reconciliations, orders class‑level refunds in September

The Public Service Commission on July 17 accepted staff audits of 2024 fuel costs and approved refunds or credits to customers for multiple utilities, directing companies to return over‑collections using a class‑level allocation in September 2025. The commission accepted reconciliations for Madison Gas and Electric Company, Northern States Power Company (NSPW), Wisconsin Electric Power Company/Webco, and Wisconsin Public Service Corporation (WPS).

The commission said staff’s audits did not identify imprudently incurred costs or material misstatements in the utilities’ monitored fuel‑cost filings. Chair Strand said the commission favored the class‑level allocation because it “more accurately returns money to the customers that contributed to the over collection.”

The nut graf: The decisions finalize staff audits of 2024 monitored fuel costs and set the mechanism and timing—class‑level allocation…