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Bill Protecting the Energy Grid Under Consideration in the State Legislature!

XCEL ENERGY NAMES NEW PRESIDENT FOR MINNESOTA, NORTH DAKOTA AND SOUTH DAKOTA

Xcel Energy has announced that Chris Clark, current President of Xcel Energy – Minnesota, North Dakota and South Dakota, will retire March 1, 2024. Ryan Long, Xcel Energy’s interim general counsel, will succeed Clark as the new president, effective January 1, 2024.

“I want to thank Chris for his tremendous contributions to the company. He helped lead the nation’s clean energy transition and was instrumental in driving our wind leadership to new heights in the Upper Midwest,’’ said Bob Frenzel, Xcel Energy’s chairman, president and CEO.

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PUBLIC SERVICE COMMISSION REJECTS MGE's PROPOSED CHANGES TO RESIDENTIAL SOLAR REIMBURSEMENT

The Public Service Commission of Wisconsin has rejected a proposal by Madison Gas & Electric that would have changed how the utility reimburses residential solar owners for energy they put back into the grid. 

State regulators are expected to make a decision on a different utility's proposal to change solar reimbursement at a later time. 

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FORD PRO AND XCEL ENERGY COLLABORATE TO INSTALL EV CHARGING PORTS FOR BUSINESS FLEETS

Ford Pro, the commercial division within Ford Motor Company, and Xcel have announced a unique collaboration to support the deployment of 30,000 electric vehicle (EV) charging ports in Xcel Energy service territories across the U.S. by 2030 with most upfront costs offset by Xcel for qualifying business fleet customers.

Ford Pro and Xcel Energy are launching the 30x30 initiative within Xcel Energy’s broader Electric Vehicle Supply Infrastructure (EVSI) program to scale EV adoption and increase access to charging infrastructure for business fleets across Xcel Energy’s service areas in the U.S. Through the program, most upfront costs for EV charging equipment and installation for businesses will be offset by Xcel Energy. Ford Pro will offer its suite of end-to-end charging solutions to Xcel Energy business customers as part of the effort. 

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JC CULLEN INVESTS AS ANCHOR TENANT IN ALLIANT ENERGY'S SOLAR GARDEN IN JANESVILLE

JP Cullen, a $500+ million, full-service construction company headquartered in Janesville with additional offices in Madison and Milwaukee, is the first local business to announce plans to be an anchor tenant in Alliant Energy’s Janesville Community Solar garden. The community-funded solar garden will reduce dependence on fossil fuels and positively affect the environment through the support of residential and business customers.


JP Cullen has purchased 10 percent of the 9,000 solar blocks at the 2.25-megawatt project, to be located east of the Rock Haven Assisted Living facility on county-owned property. The garden will power up to 1,800 homes at maximum output. Alliant Energy will begin construction next spring and expects the project to be operational by the end of 2024.

FIRST OF ITS KIND ENERGY PROJECT IN US TO BE CONSTRUCTED IN COLUMBIA COUNTY

Columbia County may soon be home to one of the most sustainable, advanced energy storage systems in the country, according to Alliant Energy. The company has announced it has been selected for a grant of up to approximately $30 million from the U.S. Department of Energy’s Office of Clean Energy Demonstrations (OCED) for a proposed 200-megawatt hour energy storage system. 


Alliant Energy’s new battery system, known as the Columbia Energy Storage Project, would be the first-of-its-kind in the United States and represents a significant advancement toward a more sustainable, reliable and cost-effective energy future.

XCEL ENERGY ANNOUNCES OTHER LEADERSHIP CHANGES

Xcel Energy has announced other changes to its executive leadership team. Brett Carter, Executive Vice President, Group President of Utilities and Chief Customer Officer, is leaving the company to pursue other opportunities. Current Executive Vice President, Chief Legal and Compliance officer Amanda Rome has been named to this role, effective immediately. The company’s four operating company presidents and customer organization leaders will report to Rome.

Ryan Long, Vice President and Deputy General Counsel, will step in as General Counsel and oversee the legal and corporate compliance group on an interim basis.

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XCEL BOARD DECLARES DIVIDEND


The Board of Directors of Xcel Energy has declared a quarterly dividend on its common stock of 52 cents per share. The dividends are payable January 20, 2024, to shareholders of record on December 28, 2023.

ALLIANT ENERGY CEO JOHN LARSEN BECOMES EXECUTIVE CHAIRMAN, LISA BARTON NAMED CEO

Alliant Energy has announced that its Board of Directors elected John Larsen, current Board Chair and CEO, to the position of Executive Chairman, effective January 1, 2024. In addition, Lisa Barton has been elected CEO of Alliant Energy and a member of the Board of Directors, effective January 1, 2024.


"Lisa is an outstanding leader, with a track record of driving strategic outcomes, making her uniquely qualified to take on the CEO role during this period in our industry," Larsen said. "The board and I are confident she will further Alliant Energy’s ability to deliver consistent results as we deliver on our purpose of serving customers and helping to build stronger communities. I look forward to working closely with Lisa in her new role."

Barton joined Alliant Energy in February of this year as President and COO.  

"I am excited and appreciative for the opportunity to take on the role of CEO during this exciting time for our company and industry," Barton said. "I am honored to follow John's leadership and look forward to our continued partnership. There has never been a more exciting time to be in the industry, and it is a privilege to have the opportunity to work with our dedicated and innovative team at Alliant Energy, where we are focused on successfully delivering on our purpose of serving customers and building stronger communities."

"The Board of Directors is confident that Lisa will provide excellent leadership at Alliant Energy, and working with our deep bench of leaders, continue to deliver superior value to our customers, communities and shareowners," said Carol Sanders, independent lead director of the board of directors. "On behalf of the Alliant Energy Board of Directors, I also want to thank John for his outstanding and continued leadership. His track record as CEO in delivering long-term value to customers, communities and shareowners is built upon his strong foundation of serving our company for the past 35 years. We are pleased that he is stepping into his new role as executive chairman and will continue to help shape the future direction of Alliant Energy." 

Sanders will remain in her role as lead independent director.

In Larsen's new role as Executive Chairman, he will remain an employee of Alliant Energy and Chair of the Board of Directors, and Barton will report to him. Working closely with Barton, Larsen will oversee key strategic matters important to the company, including the development of the company’s strategy, as well as legislative and investor engagement. He will remain actively engaged in key energy and economic policy matters, and with key stakeholders and in the community.

XCEL ENERGY ELECTS TIMOTHY WELSH TO BOARD OF DIRECTORS

Xcel Energy has announced that Timothy Welsh has been elected to the company’s board of directors, effective immediately.

Welsh, who currently serves as Vice Chair for U.S. Bancorp’s Consumer and Business Banking, is an accomplished business and community leader with decades of experience in a variety of diverse fields, including financial services, customer experience, workforce development, and operations. Across several industries, Welsh’s work has centered on understanding consumer behavior and creating strategies to respond to consumer preferences. Welsh also brings a passion for helping enhance the vitality of the community and opportunities for its residents.

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WE ENERGIES 2024 RATE PROPOSAL BEING CONSIDERED

The Public Service Commission of Wisconsin is considering a limited rate filing for We Energies customers. The PSCW has been conducting a thorough review of the proposal and taking public input. They are expected to make a decision before the end of 2023. The limited rate filing is driven by new investments in electric and natural gas infrastructure that have already been approved by the PSCW and that go into service in 2023 and 2024.

The filing includes significant investments in renewable energy and savings from the planned retirement of coal-fueled units at the Oak Creek Power Plant. The new investments are part of a plan that is expected to save customers $2 billion over 20 years compared to the status quo.

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ALLIANT TO CREATE UNIQUE ENERGY STORAGE FACILITY

A first of its kind energy storage system will be coming to Wisconsin in the next few years and could serve as a blueprint for wide-scale deployment across the country.

Alliant Energy has announced it has received a $30 million federal grant for a 200-megawatt-hour storage system in Columbia County. 

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WE ENERGIES PLANS $100M PROJECT TO SUPPORT NEW MICROSOFT DATA CENTER

We Energies plans to spend $100 million on a distribution project to serve Microsoft’s proposed data center on land initially meant for Foxconn in the village of Mount Pleasant.

But, the project may not need approval by state regulators, due to exemptions created for Foxconn’s failed plans to create 13,000 jobs and produce large flat-screens in southeast Wisconsin. Now, critics are calling on state lawmakers to close those loopholes.  

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XCEL ENERGY TO EXPAND ONE OF THE NATION'S BIGGEST SOLAR PROJECTS

The Minnesota Public Utilities Commission has approved Xcel Energy’s expansion of the Sherco Solar project, which will soon become one of the biggest solar projects in the country. The project is a key element of Xcel Energy’s clean energy transition and will help the company triple the amount of solar on its Upper Midwest system by 2028.  The unanimous vote paves the way for 710 megawatts of solar generation near the existing Sherco coal plant in Becker, Minnesota, by adding a 250-megawatt array to the 460 megawatts currently under construction. All phases of the project are expected to be complete by the end of 2025, replacing the capacity of the Sherco plant’s first coal unit that is scheduled to retire later this year.

The solar portfolio approved by the Commission also includes a plan to purchase power from the 100-megawatt Apple River solar project in northwestern Wisconsin, which will be one of the largest solar projects in Wisconsin.

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NEW SMART METERS SPEED GRID TRANSFORMATION

Xcel Energy’s Wisconsin customers will soon see the benefits of an improved, high-tech electric grid as the company begins installing smart electric meters at their homes and businesses. Installation work begins today in the company’s southern communities as part of a multiyear project to bring customers cleaner, safer and more reliable energy through advanced grid technology.

"We’re excited to take this next step in building a smarter, more resilient and efficient energy grid and making it easier than ever for customers to understand and manage their energy use,” According to  Karl Hoesly, President, Xcel Energy-Wisconsin. “Smart meters are the starting point for this advanced grid, boosting reliability and providing new tools and technology to help customers lower costs.”

The first meters were installed in the communities of Alma Center, Coon Valley, Ettrick, Hixton, Melrose, Rockland and Spartaas the company sets out to install more than 260,000 of the new devices in Xcel Energy’s Wisconsin service area this year and through 2025.

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WEC ENERGY GROUP DECLARES QUARTERLY DIVIDEND

MILWAUKEEOct. 19, 2023 /PRNewswire/ -- The board of directors of WEC Energy Group (NYSE: WEC) today declared a quarterly cash dividend of 78 cents per share on the company's common stock.

The dividend is payable Dec. 1, 2023, to stockholders of record on Nov. 14, 2023. This marks the 325th consecutive quarter — dating back to 1942 — that the company will have paid a dividend to its stockholders.

WEC ENERGY GROUP REPORTS 3RD QUARTER RESULTS

On October 31, 2023, WEC Energy Group (NYSE: WEC)  reported net income of $316.0 million, or $1.00 per share, for the third quarter of 2023 — up from $302.0 million, or 96 cents per share, in last year's third quarter.

For the first nine months of 2023, the company recorded net income of $1.11 billion, or $3.52 per share — down from $1.16 billion, or $3.65 per share, in the corresponding period a year ago.

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LEGISLATION MAINTAINS WISCONSIN CONTROL OVER TRANSMISSION SYSTEM

Recently introduced legislation (SB 481/AB 470) will allow Wisconsin utilities to maintain control over construction and operation of transmission infrastructure in this state. Without these bills, out of state investors will be allowed build and operate any new transmission lines which will not only harm investors but also consumers because a balkanized system will inevitably be more costly to build an operate.

Specifically, the bills provide a right of first refusal to incumbent transmission line owner/operators for any new transmission line projects. This will protect the current system which is owned and operated primarily by Xcel Energy and the American Transmission Company which, in turn, is owned by Alliant Energy, Madison Gas and Electric, WEC Energy Group and several Wisconsin municipal utilities.

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RECORD ATTENDANCE AT WISCONSIN UTILITY INVESTORS 43RD ANNUAL MEETING AT EAST TROY

  

Nearly 150 Wisconsin Utility Investor Members attended this year’s Annual Meeting held in East Troy, Wisconsin, bringing our attendance nearly back to pre-Covid numbers. Members took advantage of the opportunity to talk to shareholder relations representatives from Alliant Energy, MGE Energy, and WEC Energies, learning about current investment dividends and considering future stock options.

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MGE TARGETING NET-ZERO METHANE EMISSIONS FROM NATURAL GAS DISTRIBUTION SYSTEM

Building upon MGE's long-standing commitment to providing affordable, sustainable energy, Madison Gas and Electric has set a goal to achieve net-zero methane emissions from its natural gas distribution system by 2035. The goal builds on the company’s existing sustainability and clean energy goals.
MGE completed an in-depth analysis and inventory of all its greenhouse gas (GHG) emissions associated with its electric generation and distribution, purchase and distribution of natural gas, and other sources. Methane, which is a primary component of natural gas, is more than 25 times as potent as carbon dioxide. It can be emitted during the production, transmission and distribution of natural gas.