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XCEL ENERGY PROVIDES NONPROFIT GRANTS

The Xcel Energy Foundation has awarded nearly $320,000 to sixty-three nonprofits in Wisconsin and Michigan to help provide funding for critical programs in their communities. This represents in increase in giving by the Xcel Energy Foundation to support existing nonprofit partners that are facing difficulties during the pandemic. Earlier this year, in response to Covid-19, the Foundation also provided funds to organizations that address food insecurity “At Xcel Energy we’re doing our part to support our customers and communities during this very challenging time,” said Mark Stoering, President, Xcel Energy-Wisconsin and Michigan. “Our mission is to provide our customers safe, clean, reliable energy services, but we also know that the quality of life in our communities is equally important to their continued success.”

ALLIANT ENERGY TRANSPORTATION COMPANY RENAMED “TRAVERO”

Alliant Energy Transportation, a wholly owned subsidiary of Alliant Energy Corporation, has announced the company is changing its name to Travero. The new name connects the company’s resources into one brand and furthers its commitment of delivering solutions that allow customers to move freight creatively and competitively. The company offers innovative and comprehensive logistics services, including rail transportation, freight management services, warehousing and trans loading.

WISCONSIN ENERGY CORPORATION TO ISSUE DIVIDEND

The Board of Directors of WEC Energy Group has declared a quarterly cash dividend of 63.25 cents per share on the company’s common stock.
The dividend is payable September 1, 2020, to stockholders of record on August 14, 2020. This marks the 312th consecutive quarter, dating back to 1942, that the company will have paid a dividend to its stockholders.

XCEL ENERGY ELECTS NEW BOARD MEMBER AS ONE RETIRES

Xcel Energy has elected Charles Pardee to its board of directors. Pardeee, who goes by “Chip,” brings over thirty eight years of experience in the energy industry, having held leadership roles in both nuclear and non-nuclear operations. He currently serves as President of Terrestrial Energy, USA in Connecticut. He is also the Chair and Director of the Committee on Nuclear Power for the Emirates Nuclear Energy Corporation in the United Arab Emirates. He also sits on the nuclear safety advisory board for the Tokyo Electric Power company.
Previously, Pardee was Chief Operating Officer of the Tennessee Valley Authority, overseeing operations, financial management, strategic planning and regulatory management, among other responsibilities. 
He spent 12 years with Exelon Corporation where he held leadership roles as Chief Operating Officer and Chief Nuclear Officer, among others. He has worked with several other energy companies, including Florida Power Corporation, Carolina Power and Light, as well as the Institute of Nuclear Power Operations. 
Pardee is an expert in risk management, plant operations, financial stewardship, environmental governance and board oversight. He graduated from Harvard Business School’s Advanced Management program and holds a B.S. in Marine Engineering Systems from the United States Merchant Marine Academy. He served as Lieutenant in the U.S. Navy for nine years.
“We are delighted to welcome Chip to our Board of Directors and look forward to the vast experience and knowledge he will bring to our organization,” according to Ben Fowke, Chairman and CEO of Xcel Energy. “He is an exceptional leader and will be a true asset to our board.”
Patricia Sampson has announced her retirement from the Board of Directors after thirty-five years. She is the CEO and President of The Sampson Group, Inc., a management development and strategic planning consulting business. She previously served as CEO of the Greater Minneapolis Area Chapter of the American Red Cross.

PSC LIFTS MORATORIUM ON UTILITY DISCONNECTIONS

Customers who fall behind on their utility bills will soon face late fees and the prospect of having their power shut off after three months of government protection during the coronavirus pandemic. The Public Service Commission has voted unanimously to lift a moratorium on disconnections and other penalties that was put in place following executive orders issued by Gov. Tony Evers in March. Utilities will be allowed to send disconnection notices beginning July 15 to customers who are behind on their bills and have not worked out payment plans. Those customers could see power turned off as soon as July 25.

ALLIANT ENERGY OPENS NEW NATURAL GAS GENERATING STATION

The newly built West Riverside Energy Center near Beloit, Wisconsin, has officially put into service its 730-megawatt, combined-cycle, natural gas system, generating energy for customers of Alliant Energy. “We are proud to put our West Riverside Energy Center into service to provide reliable and affordable energy to our customers and communities,” according to David de Leon, President of Alliant Energy’s Wisconsin energy company. “Community support, strong partnerships, and hard work by countless employees, contractors, and suppliers made this a successful project. We appreciate the collaboration we have with the neighbors, the town and city of Beloit, Rock County, the state of Wisconsin, and the many other organizations, businesses, and individuals who continue to support this facility.”

WE ENERGIES DOWNTOWN BUILDING SUSTAINS MAJOR RAIN DAMAGE

Heavy rains have caused a major headache for We Energies. The company issued the following statement: “Heavy rain has caused flooding in parts of our steam system in Downtown Milwaukee – creating large steam plumes in parts of downtown. We are investigating a steam system outage that is impacting some customers.” We Energies officials say they don’t know what exactly caused the system of underground steam tunnels in downtown Milwaukee to be flooded with an unprecedented “tidal wave” of water during a major rainstorm. Not only did the steam outage leave hundreds of businesses without heat and hot water for several days, it did major damage to We Energies’ historic headquarters at North 2nd and West Michigan streets. “The estimate to repair is more than $10 million and may take as long as two months before we can reopen the building,” We Energies spokesman Brendan Conway said.

XCEL ENERGY HAS RESUMED RESIDENTIAL METER READING

In-person meter reading, which had been temporarily on hold for Xcel Energy’s Wisconsin and Michigan’s residential customers since mid-April due to COVID-19 concerns, has resumed. While many electric and gas meters are read automatically, some require an in-person reading. If customers have one of these meters, they should allow in-person meter readers and field crews to do their critical work.

WISCONSIN UTILITIES ON TRACK FOR REDUCTION IN CARBON EMISSIONS BY 2026

Emissions this year are expected to be significantly lower than they were 15 years ago, thanks to recent coal plant retirements. The findings are part of a draft Strategic Energy Assessment, a short-term forecast the Public Service Commission is required by law to complete every two years to look at the adequacy and reliability of the state’s electric grid. According to the draft, Wisconsin electric providers as a whole are on track to achieve a forty percent reduction of 2005 carbon emissions by 2026 — ahead of the 2030 target some have laid out.

ALLIANT ENERGY TO RETIRE COAL-FIRED GENERATION FACILITY IN SHEBOYGAN

With an eye toward delivering cleaner, more cost-effective energy, Alliant Energy has announced plans to retire the Edgewater Generating Station in Sheboygan by the end of 2022. Closing the coal generation facility and transitioning to renewable energy will help Alliant Energy customers avoid hundreds of millions of dollars in long-term costs.

TRANSMISSION LINE INSPECTIONS HAVE BEGUN

Xcel Energy transmission patrol crew has been flying helicopters alongside lines in Wisconsin to perform inspections to ensure the electric system remains reliable through the summer cooling months. The inspections also meet federal regulatory compliance requirements to secure a reliable electric system.
The crews will identify potential trouble spots along these lines or structural issues that need to be addressed and repaired. They will also look for encroachment issues, such as buildings on or near right of ways, or trees growing too close to transmission lines. Inspections on all Xcel Energy transmission lines in Wisconsin will take about 4-6 weeks. Helicopters will fly within fifty feet of transmission lines at varying speeds. At times the helicopter will hover near infrastructure to perform more detailed inspections. The exact flight schedule is dependent on weather and flying conditions.

MGE PROPOSES $31.7M SOLAR FARM IN FITCHBURG

Madison Gas and Electric has filed an application with the Public Service Commission of Wisconsin (PSCW) for approval of a 20-megawatt solar array to be built in Fitchburg, Wisconsin. Known as the O’Brien Solar Fields, the project will provide locally generated solar energy to local businesses, municipalities and public institutions under MGE’s innovative Renewable Energy Rider.

“This is an exciting project for our participating customers and for MGE. Twenty megawatts of locally generated, cost effective carbon-free energy on our electric grid will help us achieve our goal of net-zero carbon electricity by 2050
and the sustainability goals of these customers,” according to MGE Chairman, President and CEO Jeff Keebler. “We
are thankful for their support and their participation and look forward to bringing what will be one of the largest solar
arrays in the state to Dane County.”

ALLIANT ENERGY: ANNOUNCES SIX NEW SOLAR PROJECTS IN WISCONSIN

Alliant Energy has announced plans to acquire and advance 675 megawatts (MW) of solar in mostly rural areas in six Wisconsin counties: Grant, Jefferson, Richland, Rock, Sheboygan and Wood. The projects are the next step in the company’s Clean Energy Blueprint, a strategic road map to cost-effectively accelerate renewable energy while reducing carbon emissions. 

Once operational, the energy from the projects will be enough to power 175,000 homes per year – making Alliant Energy the largest owner-operator of solar in Wisconsin. Collectively, these projects are expected to create more than 1,200 local construction jobs, and, once operational, will provide an estimated $80 million in local tax revenues over the next 30 years.
“Solar energy is a smart investment for our Wisconsin customers,” said David de Leon, President of Alliant Energy’s Wisconsin energy company. “At a time when much is changing, these projects will provide steady revenue to Wisconsin communities, create new construction, operation and maintenance jobs, and provide our customers with reliable and sustainable energy for years to come. Along with the rest of the Clean Energy Blueprint, these projects will help customers avoid more than $2 billion in long-term costs.”

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WEC ENERGY GROUP REPORTS FIRST-QUARTER RESULTS

WEC Energy Group has reported net income of $452.5 million, or $1.43 per share, for the first quarter of 2020 – up from $420.1 million, or $1.33 per share, for the first quarter of 2019. Consolidated revenues totaled $2.1 billion, down $268.8 million from last year’s first quarter.

“We delivered another solid quarter, despite mild winter temperatures and an economic downturn that began in late March as businesses closed to slow the spread of COVID-19,” said Gale Klappa, Executive Chairman. “In the months ahead, we will continue to focus on employee safety and on executing the fundamentals of our business – world-class reliability, customer satisfaction and financial discipline.” He added, “Our team is experienced and resilient. I’m confident we’ll shine through the challenges ahead.”

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ALLIANT ENERGY’S WEST RIVERSIDE ENERGY CENTER HONORED

The Institute for Sustainable Infrastructure (ISI) has announced that Alliant Energy’s West Riverside Energy Center project recently earned the Envision Platinum rating for sustainable infrastructure – the highest Envision recognition level.

This is Alliant Energy’s sixth power generation facility to receive Envision recognition, which demonstrates the company’s commitment to sustainable infrastructure planning and design. 

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SOLAR PROJECT AT DANE COUNTY REGIONAL AIRPORT RECEIVES REGULATORY APPROVAL

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

“Clean energy is important to MGE, to Dane County, and to many who live and work here. We support the County’s clean energy goals and are excited to partner on this project to add more locally generated renewable energy,” according to MGE Chairman, President and CEO Jeff Keebler. “Partnerships like this will help MGE achieve net-zero carbon electricity for all of our customers by 2050.”

ALLIANT PROJECTS REDUCTION IN SALES, NOT PROFITS

Alliant Energy says the COVID-19 pandemic will likely cause a 5 percent decline in sales, but should not affect shareholder profits this year. Alliant has announced first-quarter profits of 70 cents per share, up from 53 cents in the same period last year.

The gains were attributed to growing ratepayer-backed investments by its Wisconsin and Iowa utilities, offset by lower sales attributed to mild weather. Alliant said quarterly earnings were not significantly affected by COVID-19.

KLAPPA, FLETCHER CITE MILESTONES AT ANNUAL MEETING

At WEC Energy Group’s virtual annual meeting of stockholders Executive Chairman Gale Klappa and President and CEO Kevin Fletcher highlighted the work of more than 7,000 employees across the region, who are providing essential energy service during the COVID-19 health crisis. They also emphasized that 2019 was “another year of solid results,” pointing to achievements in financial performance, network reliability and infrastructure upgrades.

Highlights:

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Xcel Energy Inc. Board Declares Dividend on Common Stock

The Board of Directors of Xcel Energy Inc. (NASDAQ: XEL) declared a quarterly dividend on its common stock of 43 cents per share. The dividends are payable July 20, 2020, to shareholders of record on June 15, 2020.

PUBLIC UTILITY COMPANY ANNUAL MEETINGS

Due to COVID 19 and stay at home orders, the Public Utility companies will be hosting their stockholder Annual meetings virtually. Below is the list of companies, their meeting date, and how to attend. 

WEC Energy Group
WEC Energy Group (NYSE: WEC) will hold a virtual-only 2020 Annual Meeting on Wednesday, May 6, at 1:30 p.m. Central/2:30 p.m. Eastern time.  Sign Up

MGE Energy 2020 Annual Meeting Update 
This is an important update regarding our Annual Meeting on May 19, 2020, at 11 a.m. CST.
Since the printing of your proxy materials, we have modified the format of our Annual Meeting from an in-person meeting to a virtual meeting. Sign Up Online




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