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Village of Jackson board votes to file 16.38% water rate request with PSC
Summary
After a presentation from financial consultant Ehlers, the Village Board voted to file a conventional rate application with the Public Service Commission (PSC) requesting a 16.38% water-rate increase for test year 2025; the PSC will audit finances and set final rates following a review and virtual public hearing.
The Village of Jackson Village Board voted July 8 to authorize staff and consultant Ehlers to file a conventional rate application with the Wisconsin Public Service Commission requesting a 16.38% increase in water rates for the test year 2025.
The board’s motion to file the CRC (conventional rate case) application followed a presentation by Ariana Schmidt of Ehlers, who explained that the PSC is the regulatory body that ‘‘ultimately determine[s] what your rates are’’ and that the proposed increase responds to an estimated PSC-calculated revenue shortfall of about $252,000. Schmidt said the PSC applies a utility-basis method that includes depreciation and a benchmark earnings return (about 6.7%) when calculating allowable revenue. She said the conventional rate case prompts a detailed PSC audit of the utility’s financial records dating back through prior filings.
Schmidt outlined timing and customer impacts.…
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