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Alliant Energy Implodes Sutherland Generating Station

Alliant Energy has completed the implosion of the remaining structures of the company’s Marshaltown Iowa Sutherland Generating Station (SGS). The demolition was carried out by Bierlein Companies from Midland, Michigan, and Dykon Blasting Corporation of Tulsa, Oklahoma.

The 1950s-era coal-fired facility ceased operations in June 2017 following the construction of the nearby Marshalltown Generating Station (MGS). MGS is a 706-megawatt natural gas-fired facility and is one of the most efficient natural gas power plants in the nation. Its construction complements Alliant Energy’s renewable energy expansion. As a result of investments in wind and solar energy, Alliant Energy will have the ability to provide cleaner energy for more than 600,000 Iowa homes.

Alliant Energy Named a Top Utility in Economic Development

Alliant Energy has been chosen for the annual list of the Top Utilities in Economic Development. Site Selection magazine provided the recognition based on the company’s contribution to the local economies and communities
in its service area.

“We’re proud to be recognized for our efforts to bring investment, growth and job creation to the communities we serve,” said Terry Kouba, President of Alliant Energy’s Iowa energy  company. “We appreciate our local, regional and state economic development partners. Together, we can provide growth that brings value to our customers, communities and new and expanding businesses.”

Lyft, MGE Offer Bonus to Grow Electric Vehicle Ridesharing in Madison

Lyft and Madison Gas and Electric (MGE) are partnering to increase the use of electric vehicle (EV) ridesharing in Madison and grow awareness of the benefits of EVs. The two companies will offer a $500 bonus to Madison-area EV drivers who sign up to drive with Lyft. “This program is a unique opportunity for Madison-area residents to ride in an EV and experience what they have to offer,” said Debbie Branson, MGE Manager of Electrification. “EVs offer convenience— for example, with EVs, there are no oil changes or trips to the gas station. They cost less to fuel and maintain than gas-powered vehicles, and they are fun to drive.” Visit mge.com/Lyft to learn more.

WUI Members Enjoy a State Historic Site at This Year’s Annual Meeting

The Wade House and Carriage Museum in Greenbush, Wisconsin, was the setting for a record number of utility investors at the 2019 Wisconsin Utility Investors Annual Meeting of Members. During a brief business meeting, two-term board member Trudy Popenhagen stepped down and former Xcel Energy Regulatory Executive, Donald Reck, was elected to serve on the WUI Board of Directors. Following the annual business meeting, members learned about overall trends in the utility industry as well as the large scale solar and wind technology projects which are currently underway.
The WUI Board of Directors wishes to thank our excellent guest speakers, Attorney Andrew Hanson, Senior Counsel of Perkins Coie LLP who spoke about large scale utility solar, Commissioner Ellen Nowak of the Wisconsin Public Service Commission who spoke about energy policy and issues, and government relations representatives Elise Nelson from Alliant Energy, Matthew Pagel from Xcel Energy, and Chris LaRowe and Joel Haubrich of WEC Energy Group, who updated the membership about their respective company progress and initiatives. Members were also able to meet with shareholder representatives from MGE Energy, Alliant Energy, Xcel Energy and WEC Energy Group.
At the conclusion of the meeting, Curator Jim Willaert, introduced the membership to the Carriage Museum and sent them on their way to enjoy the historic site; including a working sawmill, blacksmith shop and Wade House Carriage stop via horse drawn carriage rides. We apologize to the members who were not able to enjoy a carriage ride due to the overwhelming response to the opportunity.
Please visit our new website at www.wuiinc.org for all the current news on the Energy industry and Wisconsin Utility projects. The WUI Board of Directors appreciates your feedback and support. To that end, WUI will continue to hold meetings at historical and otherwise engaging Wisconsin locations.
A new opportunity to join WUI with a “Lifetime Membership” was introduced at this year’s annual meeting. With a Lifetime Membership, yearly dues of $15 will be a thing of the past, though Annual Memberships are still available.
Membership information is available from the WUI Website, and dues may now be paid by credit card.

WEC Energy Group to Acquire Majority of Thunderhead Wind Energy Center

WEC Energy Group has announced that the company has agreed to acquire an eighty percent ownership interest in Thunderhead Wind Energy Center. The project is being developed in Antelope and Wheeler counties, Nebraska, by Invenergy — a leading developer and operator of sustainable energy solutions. Commercial operation is expected to begin by the end of 2020.
The wind farm has a long-term offtake agreement with a Fortune 100 company for 100 percent of the energy produced.
The Thunderhead site will consist of 108 GE wind turbines with a combined capacity of 300 megawatts. WEC Energy Group’s investment will total $338 million for the 80 percent ownership interest.
“This investment fits exceptionally well with our strategy of deploying capital in renewable energy assets that will serve strong, vibrant companies for years to come,” said Gale Klappa, executive chairman of WEC Energy Group.
Under the tax rules, the WEC Energy Group investment is expected to be eligible for 100 percent bonus depreciation and production tax credits. The transaction is subject to receiving all necessary regulatory approvals.

WEC Energy Group Posts Second-Quarter And First-Half Results

 

 

Residential electricity use dropped by 8.9 percent, and electricity consumption by small commercial and industrial customers was 5.2 percent lower. Electricity use by large commercial and industrial customers — excluding the iron ore mine — was down by 4.1 percent during the second quarter of 2019 compared to the same period last year.
WEC Energy has reported net income of $235.7 million, or 74 cents per share for the second quarter of 2019 — up from $231 million, or 73 cents per share for the second quarter last year.
For the first six months of 2019, the company recorded net income of $655.8 million, or $2.07 per share — up from $621.1 million, or $1.96 per share in the corresponding period a year ago. Consolidated revenues totaled $4.0 billion for the first six months of 2019, flat compared to revenues for the first half of 2018.
“Our focus on financial discipline and operating efficiency were major factors driving our positive results — despite very mild weather in this year’s second quarter,” said Gale Klappa, Executive Chairman. Retail deliveries of electricity — excluding the iron ore mine in Michigan’s Upper Peninsula — were down by 5.9 percent in the second quarter of 2019, compared to the second quarter of 2018.
On a weather-normal basis, retail deliveries of electricity during the second quarter of this year — excluding the iron ore mine — decreased by 1.6 percent. Second quarter natural gas deliveries in Wisconsin, excluding gas used for power generation, fell by 2.9 percent. On a weather-normal basis, natural gas deliveries rose by 0.7 percent. At the end of June, the company was serving approximately 11,000 more electric customers and 23,000 more natural gas customers than at the same time a year ago.
The company is raising its earnings guidance for 2019 to a range of $3.50 to $3.53 per share with an expectation of reaching the top end of the range. This assumes normal weather for the remainder of the year.

Can Utility Companies Become Carbon Free by 2015?

Both Madison Gas and Electric and Alliant Energy say they support Governor Evers’ executive order setting a carbon-free
electricity goal for 2050. Annemarie Newman with Alliant Energy says the company is encouraged by the order. Alliant had previously set a goal to reduce carbon emissions by 80 percent by 2050. “The question now is, how can we do more sooner?”, she said. 

With the announcement happening so recently, those details are still being hammered out. Madison Gas and Electric already had a goal of net-zero carbon emissions by 2050. They say they welcomed the executive order. “We share the vision of a cleaner energy future and look forward to working with the Governor and state regulators to advance strategies to achieve MGE’s goal of net-zero carbon electricity by 2050.”

PSC Authorizes $500 Million Cardinal-Hickory Creek Transmission Line

Wisconsin utility regulators granted final approval September 26th for a controversial power line while rebuffing conflict of interest charges from opponents of the nearly $500 million project. At a meeting interrupted by protesters, the Public Service
Commission voted unanimously to authorize construction of the Cardinal-Hickory Creek line between Dubuque and Middleton in a written order summarizing points the three commissioners agreed to during a hearing in August.

Alliant Energy Provides Second Quarter 2019 Results

Alliant Energy has announced its earnings per share (EPS) for the three months ended June 30 as
follows:

                                                                                                    2019                                 2018
Utilities and Corporate Services . . . . . . . . . . . . . . . . . . . . . . . . $0.38. . . . . . . . . . . . . . . . .$0.41
American Transmission Company (ATC) Holdings . . . . . . . . . . 0.03. . . . . . . . . . . . . . . . . .0.03
Non-utility and Parent. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (0.01). . . . . . . . . . . . . . . . .(0.01)
Alliant Energy Consolidated . . . . . . . . . . . . . . . . . . . . . . . . . . . $0.40. . . . . . . . . . . . . . . . .$0.43




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