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The Public Service Commission has approved a $31.3 million rate increase for Madison Gas & Electric over the next two years, $27.5 million less than what the utility had requested, according to preliminary figures the agency shared with WisPolitics.

The Public Service Commission has approved a $31.3 million rate increase for Madison Gas & Electric over the next two years, $27.5 million less than what the utility had requested, according to preliminary figures the agency shared with WisPolitics.