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Commission to consider allowing utilities to charge more to cover pension losses

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Should you have to pay higher electric rates because your utility's pension fund is dwindling?

The state Public Service Commission says it will consider that question next year, but not now.

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On Wednesday, the panel rejected Madison Gas and Electric's request to jack up rates to make up for $2.5 million it lost in the money it saves for its retirees.

PSC chairman Eric Callisto says we're all feeling the loss of pension funds, not just utility employees.

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