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File #: 220612    Version: 0
Type: Resolution Status: Passed
File created: 9/1/2022 In control: COMMON COUNCIL
On agenda: Final action: 9/20/2022
Effective date:    
Title: Resolution authorizing the City Attorney to file comments in opposition to Wisconsin Electric Power Company’s and Wisconsin Gas LLC’s joint application to adjust electric, steam, and natural gas rates.
Sponsors: ALD. BAUMAN
Indexes: FEES, PUBLIC UTILITIES, WISCONSIN ELECTRIC POWER COMPANY, WISCONSIN GAS COMPANY
Date Ver.Action ByActionResultTallyAction DetailsMeeting DetailsVideo
9/28/20220 MAYOR SIGNED   Action details Meeting details Not available
9/20/20220 COMMON COUNCIL ADOPTED

Minutes note: Ald. Murphy added as a cosponsor.		Pass11:0 Action details Meeting details Video Video
9/8/20220 PUBLIC WORKS COMMITTEE RECOMMENDED FOR ADOPTION

Minutes note: Atty. Tom Miller - COA - said that this resolution is needed to file objections for the increasing cost of gas (10.7%) and electricity (8.4%) effective January 2023.		Pass5:0 Action details Meeting details Video Video
9/1/20220 COMMON COUNCIL ASSIGNED TO   Action details Meeting details Not available

Number

220612

Version

ORIGINAL

Reference

 

Sponsor

ALD. BAUMAN

Title

Resolution authorizing the City Attorney to file comments in opposition to Wisconsin Electric Power Company’s and Wisconsin Gas LLC’s joint application to adjust electric, steam, and natural gas rates.

Analysis

This resolution authorizes the City Attorney to file comments in opposition to Wisconsin Electric Power Company’s and Wisconsin Gas LLC’s joint application to adjust electric, steam, and natural gas rates.

Body

Whereas, Wisconsin Electric Power Company (WEPCO) and Wisconsin Gas LLC have applied to the Public Service Commission of Wisconsin (PSC) for authority to adjust electric, steam, and natural gas rates (Docket No. 5-UR-110); and

 

Whereas, WEPCO’s current electric rates are among the highest in the Midwest; and

 

Whereas, According to the Milwaukee Business Journal’s November 26, 2021 list of “Highest-Paid Executives of Public Companies,” the President/ CEO and Executive Chairman of WEC Energy Group, Inc., the holding company that owns WEPCO, received total compensation packages of over $18.1 million and $8.8 million, respectively, in the latest fiscal year; and

 

Whereas, Of the 100 individuals listed in the “Highest-Paid Executives of Public Companies,” seven were identified as current or retired executives of WEC Energy Group, Inc., with total compensation packages ranging from $2,033,835 to $18,136,171; and

 

Whereas, The proposed increases will pose a significant hardship on the city’s residents; and

 

Whereas, The PSC should not allow WEPCO to reap excessive profits on coal-fired power plants that were imprudently built and are now slated for shutdown; and

 

Whereas, WEPCO has delayed the closing of its Oak Creek coal-fired power plant units, continuing to contribute to pollution and climate change; and

 

Whereas, WEPCO has devoted significant resources to opposing affordable roof-top solar options for low- and moderate-income homeowners, non-profit organizations, religious organizations, school districts, and local governments; now, therefore, be it

 

Resolved, By the Common Council of the City Milwaukee, that the City Attorney’s Office is authorized to file comments in opposition to WEPCO and Wisconsin Gas LLC’s requested rate increases, consistent with this resolution.

 

Requester

 

Drafter

LRB177577-1

Tea B. Norfolk

8/25/2022