WUI Invites You to a Regional Meeting Near You!

WUI 2018 Regional Meetings: Information & Links Below

Wednesday, June 13 – Madison
Alliant Offices, 4902 N Biltmore Lane
8:30am – 11:30am

Continental breakfast (free), meeting and presentations,
shareholder-owned utility booths and tour Alliant solar garden.


This meeting is complete


Thursday, June 21 – Oshkosh
LaSure’s Banquet & Catering Hall, 3125 S. Washburn Street
8:30am – 11:30am

Continental breakfast (free), meeting and presentations
and shareholder-owned utility booths.


Click Here to Register for Oshkosh Meeting



Thursday, August 23 – Stillwater, Minnesota
Lowell Inn, 102 North 2nd Street

8:30 -11:30am
Exhibits, sit down breakfast
and meeting.
Meeting is held jointly with the
Minnesota Utility Investors each
year in alternating states.

Click Here to Register for Stillwater Meeting

Xcel Energy Cuts Carbon Emissions 35 Percent

Xcel Energy is a step closer to achieving one of the most aggressive carbon-reduction goals in the industry. The company has announced that it cut carbon emissions 35 percent, according to its newly released Corporate Responsibility Report. This puts Xcel Energy on track to reach or exceed its ambitious goal of reducing carbon
emissions 60 percent by 2030 from 2005 levels.

“We’re on a path to provide a more sustainable, prosperous energy future and believe reducing carbon emissions while enhancing affordability is a tremendous benefit for the customers and communities we serve,” said Ben Fowke, chairman, president and CEO of Xcel Energy.

Xcel Energy surpassed the U.S. commitment under the Paris Climate Accord in 2016 which called fora 26 to 28 percent reduction in carbon emissions by 2025. It’s now working to achieve a 50 percent reduction in carbon emissions by 2022 from 2005 levels.

The company plans to continue reducing its environmental footprint with an energy mix that is projected to be 60 percent carbon free in 2022. This transition to cleaner energy involves retiring aging coal plants and replacing their energy with a combination of wind and solar power and using natural gas as backup. Much of the energy will come from wind power as Xcel Energy will more than double its wind generation with 12 new wind farms in seven states. These new energy sources are complemented by two key sources — the company’s broad array of advanced customer energy efficiency programs and the continued efficient operation of its carbon-free nuclear plants in the Upper Midwest.

MGE HAS STRONG CREDIT RATINGS

MGE Energy’s regulated utility, Madison Gas and Electric (MGE), continues to have top credit ratings in the nation for regulated utilities. Standard & Poor’s (S&P) and Moody’s give MGE the highest credit ratings for investor-owned, combination utilities.

S&P cites MGE’s effective management of regulatory risk, strong regulatory environment, focus on regulated, vertically integrated electric and natural gas distribution operations and conservative financial policies that ensure strong credit quality.

In its review, Moody’s cites MGE’s supportive regulatory environment that provides revenue and cash flow and stable and healthy credit metrics. Moody’s also states that its stable outlook rating assumes future prudently incurred investments will be recovered.

Foxconn Project Prompts We Energies to Move up Plans for Natural Gas Upgrades

WE Energies plans to accelerate its plans for natural gas upgrades to accommodate the Foxconn development in Racine County. A $140 million natural gas project is planned for the area around Foxconn, WEC Energy Group chairman and chief executive officer Gale Klappa announced on May 1.

“Our natural gas project is another source of reliability to existing customers in southeast Wisconsin,” said Amy Jahns, spokeswoman for We Energies. “This project was planned prior to the Foxconn announcement. We recently accelerated our timetable for this project to coordinate with the Wisconsin DOT road work being planned for the area near Foxconn.”

Wisconsin Electric Power Co., a subsidiary of WEC doing business as We Energies, submitted plans this week to the state Public Service Commission for a nearly $32 million project to install 8.8 miles of distribution main primarily along Highway KR from Meachem Road to a little more than three-quarters of a mile west of Interstate 94.

Xcel Energy Acquires Foxtail Wind Energy Center

Xcel Energy is continuing to transition its fleet to carbon-free energy in the Upper Midwest with
the addition of the Foxtail Wind Energy Center located in Dickey County in south-central North
Dakota. The 150-megawatt wind farm is part of the company’s vision to achieve 85 percent
clean energy by 2030 by adding low-cost, clean energy with 1,850 megawatts of renewable
energy located in North Dakota, South Dakota, Minnesota and Iowa.

“All customers want low-cost energy, and we’re investing in projects like the Foxtail Wind facility
that will help keep bills low while adding investments that will benefit our customers in North
Dakota and the Upper Midwest,” said Chris Clark, president, Xcel Energy—Minnesota, North
Dakota, South Dakota. “Foxtail Wind will provide value to the landowners, the local community,
and customers who use the electricity it generates.”

The Foxtail project is one of several renewable energy initiatives the company anticipates will
put it on a path to produce 85 percent of its electricity from carbon-free sources by 2030. The
plan will also save customers billions of dollars in fuel and other costs in the coming decades.
The ‘steel for fuel’ strategy is projected to keep customer bill increases below the rate of inflation
by using low-cost wind energy and other investments as it transitions its generation fleet.

XCEL ENERGY NAMED MOST ADMIRED COMPANY FOR FOURTH CONSECUTIVE YEAR

Xcel Energy has been recognized by Fortune magazine as one of the World’s
Most 
Admired Companies. This is the fourth consecutive year that the company has earned this distinction, ranking fourth this year as most admired electric and gas utility.

WEC ENERGY GROUP RECOGNIZED FOR RESEARCH AND DEVELOPMENT

Several WEC Energy Group employees recently received Technology Transfer Awards from the Electric Power Research Institute (EPRI) for their achievements in research and development. The majority of the group was honored for an innovative project to prevent bat fatalities at We Energies’ BlueSky Green Field Wind Energy Center. During the first-of-its-kind project, the team deployed smart technology on several wind turbines. The technology included acoustic devices that could detect bats in the area. The bat data, along with weather information, were then entered into a predictive model that continuously evaluated the risk of bat activity near the turbines. Wind farm operators could use the data to decide when to curtail operation.

TAX REFORM BILL – HOW WILL IT BENEFIT THE RATEPAYER?

The recently enacted Tax Reform Bill will, among other things, reduce the corporate income tax rate from a maximum of 35 percent to a flat rate of 21 percent for tax years beginning after 2017. On January 10, 2018 the Public Service Commission of Wisconsin (PSC) issued a request that each utility provide comments on how it proposes to implement changes resulting from the Tax Reform Bill for the benefit of ratepayers. The PSC estimates that the utilities will over collect from customers between $190 and $198 million, because the rates customers are currently paying are based on the revenue requirement at the higher tax rate. All of the Wisconsin utilities, along with consumer groups have submitted initial comments. The comments from the utilities suggest a variety of alternative approaches including: customer bill credits, use of savings for capital improvements, addressing the issue in future rate cases, and reducing pre-existing deferred balances. The consumer groups advocated for returning the savings in the form of a bill credit. The commission is currently considering various alternatives and has not yet issued a final order.

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