Filtered by tag: Newsletter Remove Filter


WEC Energy has announced that the company has agreed to increase ownership interest from 80 percent to 90
percent in three Midwest windfarms: Blooming Grove Wind Farm, Thunderhead Wind Energy Center and the Upstream
Wind Energy Center. The total investment is $118 million for an additional 75 megawatts of capacity.
“This agreement marks another step forward for the energy infrastructure segment of our five-year capital plan,”
said Gale Klappa, executive chairman of WEC Energy Group. “The plan calls for deploying $1.8 billion in high-quality
projects that will serve strong, vibrant companies for years to come.”
Invenergy, a leading developer and operator of sustainable energy solutions, is currently building the Blooming Grove
and Thunderhead projects which are expected to achieve commercial operation by the end of 2020. The Upstream
Wind Energy Center, also developed by Invenergy, began service in January 2019. All three wind farms have long-term
offtake agreements with affiliates of investment-grade multinational corporations.
Under the tax rules, the WEC Energy Group investment is expected to be eligible for 100 percent bonus depreciation
and production tax credits. The transactions are subject to receiving all necessary regulatory approvals


Ben Fowke, Xcel Energy’s Chairman, President and CEO, has announced that Bob Frenzel will be named President and Chief Operating Officer and that Brian Van Abel will be the company’s Chief Financial Officer, both effective March 31. As President and COO, Frenzel will have oversight for Xcel Energy’s four operating companies, including the company’s transmission, distribution and natural gas operations. He will continue to report to Fowke. 


Energy-related carbon dioxide emissions in the U.S. fell 2.9 percent last year, according to a new report. The International Energy Agency (IEA) found that the U.S. decline was the largest, at 140 million tons, of any country. It also noted that since 2000, U.S. emissions have decreased nearly one gigaton. “A 15 percent reduction in the use of coal for power generation underpinned the decline in overall US emissions in 2019,” the report said. Globally, energy-related carbon dioxide emissions flat lined at about 33 gigatons following two years of increases.


Alliant Energy Corporation has announced U.S. generally accepted accounting principles (GAAP) and non-GAAP consolidated unaudited earnings per share for 2019 and 2018 as follows:

Read More


According to a study by Alliant Energy, you are using power even when you think it’s not on. These “always on” devices include things like wireless internet routers, which need electricity to maintain a constant connection, or televisions, which take a long time to power up and need some juice in order to respond when you push the remote control. But there are dozens of other culprits — including computers, printers, rarely used DVD players and anything with a DC power converter — sucking up power around the clock.
A 2015 study by the Natural Resources Defense Council (NRDC) estimated nearly a quarter of all household electricity use in the United States is consumed by appliances and other equipment in standby mode. Over the course of a year, that can add up to more than $300 worth of electricity for the average Wisconsin household and the equivalent output of 50 large power plants.


Madison Gas and Electric has filed an application with the Public Service Commission of Wisconsin for approval of an agreement to partner with Dane County on a 9-megawatt solar array near the Dane County Regional Airport. The solar array will generate enough carbon-free electricity to provide Dane County with about 40 percent of the energy used by all County-owned facilities.


WEC Energy Group has agreed to buy an 80 percent ownership stake in a 250-megawatt wind farm in McLean County, Illinois for $345 million. The Blooming Grove Wind Farm is expected to begin operations by the end of 2020 and has long-term offtake agreements with affiliates of two multinational companies. “This is the latest in a series of investments that fit 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. Prior to this deal, the company has spent more than $640 million for similar stakes in wind farms in Nebraska, Illinois and South Dakota over the last two years.


In a filing submitted to Minnesota regulators, Xcel proposes to shut down its Allen S. King and Sherco unit 2 generators during the spring and fall and run them only when profitable.
The move could save between $8.5 million and $28 million a year on fuel costs alone, according to Xcel, which expects to save another $2 million a year in operations and maintenance costs and avoid more than $27 million in capital investments in the King plant before its retirement in 2028. As a result, Xcel expects to eliminate between 2.7 million and 6 million tons per year of planned carbon dioxide emissions.


Wisconsin regulators authorized construction of a $700 million natural gas generator in Superior in spite of concerns over the project’s environmental impact.
The Public Service Commission has voted 2-1 to approve a permit for Dairyland Power Cooperative of La Crosse to build the 625-megawatt Nemadji Trail Energy Center, which is to be jointly owned by Duluth-based Minnesota Power.

The utilities have argued the plant is needed to allow them to move away from coal-fired generation and that it will support the addition of intermittent sources like wind and solar.


A new turbine design from UW-Green Bay’s engineering department aims to improve the efficiency of wind power generation. The system’s inventor, Md Maruf Hossain, has applied for a patent on the design, and WiSys is seeking commercial partners in the wind power generation industry to help develop the new technology. WiSys handles licensing for UW System universities other than UW-Madison and UW-Milwaukee.
According to an information sheet, most wind power generation comes from horizontal axis wind turbines. But WiSys says vertical axis systems have several advantages including lighter weight and improved function during “turbulent, small and inconsistent wind situations.”


The Stout Technology and Business Park and the Menomonie Industrial Park both have shovel-ready
sites certified through Xcel Energy’s Certified Sites program.

There are about 130 elements required to become an Xcel Energy certified site, ranging from asking
price to environmental studies and a letter of support, said Brian Elwood, general manager, customer
and community service for Xcel Energy in Wisconsin and Michigan.
“By promoting economic development, Xcel Energy helps bring jobs and capital investment to the
communities and regions we serve,” Elwood said. “The certified sites program provides an opportunity
for the company to efficiently highlight and market communities’ key assets to businesses looking to
relocate or to expand operations. Time is of the essence when trying to attract or retain potential clients.
Having certified sites cuts some of the red tape, providing speed to market for the potential clients and
reducing their risk.”

Xcel Energy started the certified sites program in 2017. Nationally, the company has 37 certified sites,
five ready sites and 27 ready buildings in its eight-state service territory, Elwood said. In Wisconsin, the
company has six certified sites, including the two in Menomonie.

EARNINGS: February 2020

WEC Energy has declared a quarterly cash dividend of 63.25 cents per share on the company’s common stock, an increase of 7 percent over the current quarterly dividend of 59 cents a share. This raises the annual dividend rate to $2.53 a share.

The higher dividend is payable March 1, 2020, to stockholders of record on February 14, 2020. This marks the 310th consecutive quarter — dating back to 1942 — that the company will have paid a dividend to its stockholders.

The Board of Directors of Xcel Energy has declared a quarterly dividend on its common stock of 40.5 cents per share. The dividends were payable January 20, 2020, to shareholders of record on December 26, 2019.
Xcel Energy is a major U.S. electricity and natural gas company, with operations in 8 Western and Midwestern states. Xcel Energy provides a comprehensive portfolio of energy-related products and services to 3.6 million electricity customers and 2.0 million natural gas customers through its regulated operating companies.

PEOPLE: February 2020

Tom Lane, Vice Chairman of Energy Capital Partners, has been elected to the board of directors of WEC Energy Group (NYSE:WEC), effective January 1. The addition of Lane reflects the board’s commitment to succession planning as several directors approach retirement age.

Lane was a partner at Energy Capital Partners from its inception in 2005 through the end of 2016. Prior to joining the private equity firm, Lane, 62, worked in the Investment Banking Division of Goldman Sachs. As a managing director, he provided senior-level coverage for electric and gas utilities, independent power producers and midstream energy companies throughout the country. Lane is a graduate of Wheaton College. He received an MBA in Finance from the University of Chicago.

The Alliant Energy Board of Directors has appointed Michael D. Garcia as a new director effective January 1, 2020. Mr. Garcia, 55, is President of Domtar Corporation’s (NYSE: UFS; TSX: UFS) Pulp and Paper division, responsible for the strategy and oversight of its pulp, paper and biomaterials businesses. Domtar is North America’s largest producer of uncoated free sheet (white papers) and one of the largest softwood market pulp producers in the world.
“We’re pleased to welcome Michael to our board of directors,” said John O. Larsen, Alliant Energy Chairman, President and CEO. “As a military veteran with diverse global executive management experience, he will bring fresh insights and a unique perspective that will help us continue to power what’s next for our customers, communities and shareowners.”
Mr. Garcia joined Domtar in 2014 after spending more than four years with Evraz PLC. He was Chief Executive Officer for Evraz Highveld Steel and Vanadium from 2011 to 2014 and Senior Vice President, Manufacturing & Supply Chain, from 2010 to 2011.
Mr. Garcia is a Director of the Federal Reserve Bank of Richmond, Charlotte Branch, and an at-large board member of the United Service Organization (USO) of North Carolina. He is a graduate of The U.S. Military Academy at West Point and holds an MBA from Harvard University.


We Energies and Wisconsin Gas are seeking approval to build two plants to store liquefied natural gas that could be used to meet spikes in demand on cold winter days. The two plants, projected to cost a total of $370 million, would store natural gas at temperatures of 260 degrees below zero. The plants are needed to meet the projected demand for natural gas during winter months, the two utilities said in their filing with the Public Service Commission.
“This will help smooth out the peak that we are projecting long-term,” said Brendan Conway, a We Energies spokesman.
Liquefied natural gas has about 1/600th of the volume of natural gas burned in a home. Each plant would have the capacity to store 1 billion cubic feet of natural gas. WEC Energy Group already has two liquefied natural gas storage plants.
We Energies and Wisconsin Gas, both part of WEC Energy Group, rely on interstate pipelines and firm contracts to provide natural gas in southeastern Wisconsin. Building the liquefied natural gas plants to meet peak demand would be less costly than contracting with interstate pipelines to add additional capacity, the utilities said in their PSC filing.
We Energies and Wisconsin Gas would have to contract for the additional pipeline capacity year-round to deliver natural gas needed only a few days a year. With the plants, the utilities also would be able to buy and store natural gas when prices are lower than in the winter months.
The two plants are projected to save customers more than $200 million over 30 years, the utilities said. They would be built near Ixonia and in Bluff Creek, just southeast of Whitewater. The utilities would begin construction next year if approved by the Public Service Commission. We Energies also is seeking approval to build a pipeline in southeastern Wisconsin to meet projected growth in Racine and Kenosha counties. The pipeline is projected to cost $175 million to $183 million depending on its route.


The City of Racine is proposing to lease out 2.64 acres of land at Olsen Prairie Park, 3444 S. Memorial Drive, to We Energies for a 600 kilowatt solar farm. The initiative is through We Energies’ Solar Now pilot program. According to the terms of the proposed agreement, We Energies would own all the solar capacity and in return the city would receive about $2,000 per month for an estimated $26,151 per year.

The agreement also states that We Energies would be responsible for the design, permitting, construction and upkeep of the system. The lifetime of the lease is 30 years.


State regulators have approved a settlement negotiated with We Energies that will increase We Energies’ electric revenues by 1.3 percent and its gas revenues by 2.8 percent. The Public Service Commission will decide at a later hearing how the increase will be allocated among residential, small business, commercial, industrial and other customers.

The commission also approved similar settlements for Wisconsin Gas and Wisconsin Public Service. Wisconsin Gas’s overall rates will drop by 0.2 percent and WPS’ electric rates will increase 4.7 percent. The increases in electric rates will be the first for We Energies in four years and for WPS in five years. The rate increases approved for We Energies and WPS will be partially offset by lower fuel costs. And WPS’ rate increase will be partially offset by a lower tax rate approved in December 2017.


Ninety-five years ago Eau Claire agreed to allow a local power company to install hydroelectric generators at Dells Pond Dam. The city has signed a new agreement with Xcel Energy, which obtained ownership of the dam in 2003, to work together toward each of their even more ambitious goals to drastically cut pollution by 2050.

In March 2018, the City Council adopted a resolution providing that Eau Claire, the city government and entire community, should operate on percent renewable energy by 2050. Several months later, Xcel announced its intent to produce entirely carbon-free electricity by 2050


Alliant Energy has announced plans to build up to 1,000 megawatts of solar power by the end of 2023 as part of a transition to clean energy sources. That’s nearly 10 times the state’s current solar-generation capacity and would more than double the amount expected to come online within the next couple of years in large-scale solar farms now undergoing the permitting process or under construction. If built, it would generate enough electricity to meet the annual needs of about 250,000 typical Wisconsin households.


The Public Service Commission approved the first rate increases in four years for We Energies and Wisconsin Public Service of Green Bay, both subsidiaries of WEC Energy Group. Along with adjustments for fuel costs and provisions of a settlement agreement approved earlier this month, about 1.1 million We Energies customers can expect rates to increase by about 0.66 percent in 2020. Rates are expected to increase by about 1.6 percent for about 442,000 WPS customers. The PSC separately approved modest rate decreases for Madison Gas and Electric and Alliant Energy to account for lower-than-expected natural gas prices. Average residential customers of MGE can expect to save about 54 cents on their monthly electric bills in 2020, while the typical residential customer of Alliant will save about $1.58 per month. As part of the WEC rate cases, the commission ruled that neither utility can use ratepayer money to subsidize home charging stations for electric vehicles. The utilities had sought to spend up to $10 million to offer $1,000 rebates for customers who install the equipment as part of a two-year pilot program in which participants would pay time of use rates for charging their vehicles.

Brendan Conway, a spokesman for WE Energies had this to say about the PSC decision, “Working with the commission and customer and business groups, our rate proposal protects customers and allows us to continue on a path to a cleaner energy future that is safe, reliable and affordable. We appreciate the feedback from the commission on our EV proposal and will continue to work with them and other stakeholders on this emerging technology.”

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 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.