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  • 1 Feb 2025 11:34 AM | Anonymous

    Xcel Energy will extend the operation of its carbon-free Monticello Nuclear Generating Plant well into the future to support its clean energy vision following the recent renewal of the plant’s operating license by the U.S. Nuclear Regulatory Commission (NRC).

    The federal approval allows the plant to operate an additional 20 years, through 2050, provided the plant’s extended operation is also approved by state regulators. Monticello’s continued operation will ensure that nuclear energy plays a foundational role in Xcel Energy’s transition to 100% carbon-free electricity.

    “The Monticello plant has long been an essential source of clean, safe and reliable energy, powering more than 500,000 homes annually in the Upper Midwest,” according to Bob Frenzel, Xcel Energy Chairman, President and CEO. “As the only 24/7 carbon-free energy source we have, nuclear energy will be key to accelerating our journey to a clean energy future while ensuring we also meet the unprecedented growth in our customers’ demand for electricity.”

    The plant’s license renewal comes as the result of a multi-year process, during which the NRC conducted numerous inspections, audits and reviews of all technical aspects of the plant to ensure it met or exceeded standards for safety, environmental impact and other considerations. 

  • 1 Feb 2025 11:32 AM | Anonymous

    As of the middle of January, the first federally funded electric vehicle charging stations are up and running. The fast-charging stations came online at Kwik Trip locations in Ashland, Menomonie and Chippewa Falls. They’re three of the 53 charging station projects at businesses across Wisconsin that have been awarded funding.

    The state is receiving $78 million from the federal government’s National Electric Vehicle Infrastructure, or NEVI, Formula Program, funded through the Bipartisan Infrastructure Law. The 53 projects announced so far account for about $23 million of that funding. 

    The remaining 50 charging projects that have already been announced are expected to continue to come online through the first half of 2026, said Kaleb Vander Wiele, the transportation electrification project manager at the state Department of Transportation.


  • 1 Feb 2025 11:30 AM | Anonymous

    Xcel Energy has announced that Roopesh Aggarwal has been named Vice President of Investor Relations, succeeding Paul Johnson, who is retiring from the company after more than 40 years of service, most recently as vice president, Treasury and Investor Relations.

    “Strong, trusted relationships with the investment community are critical to achieving our strategic priorities and capital growth plans,” according to Brian Van Abel, Executive Vice President and Chief Financial Officer. “Paul is recognized across our industry for his longstanding connections with our investors, analysts, credit rating agencies and other external and internal stakeholders. At the same time, we have been mindful to build a pipeline of talent and succession plans to ensure continuity when changes do occur.”

    Aggarwal joined Xcel Energy in 2019 as senior director, Business Innovation, and was named Senior Director, Investor Relations in 2022. He has well-established relationships in the financial community, overseeing the company’s quarterly earnings calls, investor presentations and shareholder services. Aggarwal’s career spans finance, strategy and corporate development roles at Summit Utilities, DTE Energy, Ford Motor Co. and several private equity and consulting firms.

    Johnson will work in an advisory role as the company closes out its annual financial reporting and will depart after the first quarter.

  • 1 Feb 2025 11:25 AM | Anonymous

    The Board of Directors of MGE Energy has declared the regular quarterly dividend of $0.45 per share on the outstanding shares of the company's common stock, payable March 15, 2025, to shareholders of record at the close of business March 1, 2025. MGE Energy has increased its dividend annually for the past 49 years and has paid cash dividends for more than 110 years.

  • 1 Feb 2025 11:24 AM | Anonymous

    Wisconsin is expected to see $4.1 billion investment in the coming years from six transmission projects as part of the largest portfolio ever approved by the Midwest electric grid operator.

    The Midcontinent Independent System Operator, or MISO, in December approved 488 transmission projects that span 5,000 miles across 15 states, including a $21.8 billion portfolio of 24 long range transmission plans.

    Six of those long-term reliability projects will be located entirely or partially in  Wisconsin. They consist of two new transmission lines from Minnesota and Illinois, portions of other new lines, building new substations and upgrading existing substations. 

    MISO estimates construction will generate between 4,000 and 12,257 jobs and between $817 million to $4.5 billion in economic output.

  • 1 Feb 2025 11:19 AM | Anonymous

    A new excise tax effective which as effective January 1, 2025, establishes an electric vehicle charging tax and requires certain people to register for the new tax.

    An excise tax of three cents per kilowatt-hour is due on the electricity delivered or placed into the battery or other energy storage device of an EV by a Level 3 charger or a Level 1 or Level 2 charger installed on or after March 22, 2024, of an  EV charging station.

    An owner, operator, manager or lessee of an EV charging station must register with the Wisconsin Department of Revenue using the Online Business Tax Registration prior to delivery or placement of electricity from an EV charging station that is subject to the excise tax.

    The excise tax does not apply, and registration is not required for residential EV charging stations, except for hotels. "The excise tax represents a crucial source of revenue for maintaining Wisconsin's roadways and infrastructure," according to Department of Revenue Secretary Designee David Casey. "It will help ensure continued funding for road repairs and construction as Wisconsin drivers increasingly make the switch to electric vehicles, while creating a more equitable system in which all drivers contribute to road maintenance costs."

  • 1 Feb 2025 11:17 AM | Anonymous

    Xcel Energy – Colorado has proposed the Mountain Energy Project, its largest non-pipeline alternative portfolio to date, to reduce natural gas use and emissions while ensuring the reliability, safety and comfort of customers served by its Easter Mountain Gas System in Grand, Lake, Eagle and Summit counties. The project will help meet the state of Colorado’s clean energy goals and supports Xcel Energy’s vision of delivering net-zero natural gas service by 2050.

    The Mountain Energy Project is an innovative approach to natural gas system planning, pairing non-pipeline alternatives – like energy efficiency, conservation and beneficial electrification programs – with new modular liquid natural gas and compressed natural gas equipment to back up these projects during times of increased demand.

  • 31 Jan 2025 11:37 AM | Anonymous

    The Wisconsin Utility Investors Board of Directors is deeply saddened to announce that our esteemed and cherished Chairman of the past 19 years, Roger Cole, passed away on November 30, 2024. Roger stepped down as Chairman of the board at the October board meeting, planning to remain a board member. Board Member Gregory Bollom was elected to succeed Roger as Chairman.

    The WUI board, staff, and membership will miss Roger's smiling face and steadfast leadership.

  • 8 Jan 2025 5:18 PM | Michelle Lancaster (Administrator)

    The Board of Directors of WEC Energy Group will raise the quarterly dividend on the company's common stock to 89.25 cents per share in the first quarter of 2025. This would represent an increase of 5.75 cents per share, or 6.9 percent.

    The directors expect to declare the new dividend at their regularly scheduled meeting in January. The dividend — which would be equivalent to an annual rate of $3.57 per share — would be payable March 1, 2025, to stockholders of record on February. 14, 2025.

    "The board's review today is consistent with our ongoing plan targeting a dividend payout ratio of 65 to 70 percent of earnings," said Scott Lauber, president and CEO. "The projected dividend for 2025 is in line with the company's longer-term objective to grow earnings per share at a 6.5 to 7 percent compound annual growth rate."

    In addition, the company introduced earnings guidance for 2025. Calendar year 2025 earnings are expected to be in a range of $5.17 to $5.27 per share. The midpoint of the range is $5.22 per share. This represents growth of 7.6 percent from the midpoint of the company's 2024 adjusted guidance of $4.85 per share.


  • 8 Jan 2025 5:16 PM | Michelle Lancaster (Administrator)

    The Board of Directors of Xcel Energy has declared a quarterly dividend on its common stock of 54.75 cents per share. The dividends are payable January 20, 2025, to shareholders of record on January 6, 2025.


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