WUI 2017 Annual Meeting Attracts Record-Breaking Crowd

WUI Executive Director, James Buchen, addresses the crowd at the 2017 WUI Annual Meeting of Members

A record number of WUI members joined us at the EAA in Oshkosh on September 14 for the
Annual Meeting! It would be safe to say, not only do utility stockholders share a respect for
the energy industry and reliable dividend returns, but they also share a love of history and
transportation!

This presents a good problem in looking to the 2018 Annual Meeting, how do we improve upon
the 2016 National Railroad Museum and the 2017 Experimental Aircraft Association Museum?

The Wisconsin Utility Investors Board of Directors wish to thank all who attended, who braved
the morning fog. We are also grateful to our excellent speakers, Andy Smith of Edward Jones
who addressed the group about “Making Sense of Investing” and Garrett J. Huffman (Research
Assistant to Mike Kuglitsch, Committee Chair on Energy and Utilities) who presented a
legislative review and a new legislative proposal which would reduce state tax on dividends.

What would an Annual meeting be without an update from our Utilities? John Sumi of MGE
Energy, Joel Haubrick of WEC Energy, and Chris LaRowe of WPS discussed the latest Issues
Impacting Wisconsin Utilities.

Thank You to the staff at the EAA and to the docent, Chris Henry, who presented a history of the
EAA and led members on a guided tour of the museum.

ENERGY RESEARCH CONSORTIUM ANNOUNCES FIVE NEW MEMBERS

The Mid-West Energy Research Consortium has welcomed four new members to the
M-WERC team. SAS Institute, Alliant Energy, Madison Gas and Electric, OSIsoft and Tetra
Tech have all joined. M-WERC also thanked Kohler Company for their renewed support of
our organization. The SAS Institute is the world’s largest privately held software business
and is based out of Cary, North Carolina. They are a founding member of the Smart Cities
Technologies working group.

XCEL ENERGY BOARD ELECTS NEW BOARD MEMBER

David K. Owens has been elected to Xcel Energy’s Board of Directors effective immediately. An executive with
extensive experience in public policies concerning energy and utility operations, Owens is recognized as an
industry
expert on business transformation.

After 36 years of service, Owens recently retired from the Edison Electric Institute, the association representing
all
U.S. investor-owned electric companies. He served as an Executive Vice President with EEI and was the first African-American to hold an officer title with the organization. Owens guided the association on issues affecting
the future
structure of the electric industry and the new rules in evolving competitive markets.

XCEL ENERGY WIND PROJECTS DELIVER FOR CUSTOMERS AND COMMUNITIES

Xcel Energy recently announced the nation’s largest multi-state investment in wind energy with eleven new wind
farms in seven states. Adding 3,380 megawatts of new wind generation will keep customer bills low now and in the
future. It is an example of the significant value wind energy provides to customers and communities as the country
recognizes the inaugural American Wind Week. The American Wind Energy Association launched American Wind
Week, August 6-12, 2017, to acknowledge U.S. leadership in wind power, along with economic and environmental
benefits of wind as the industry expands to meet the country’s growing demand for energy.

“As the nation’s No. 1 utility wind provider for more than a decade, we’ve long recognized this abundant natural
resource provides tremendous value to our customers and communities,” according to Ben Fowke, Xcel Energy
Chairman, President and CEO. “Wind power is emissions-free and cheaper than fossil fuels, allowing us to deliver lower prices and cleaner energy to our customers today and in the decades to come.”

Xcel Energy has more than 6,600 megawatts of wind energy on its system companywide, representing eight percent
of the nation’s total wind capacity – enough to power about three million average homes annually. The company’s
customers use energy generated from nearly 4,300 wind turbines in seven states; Colorado, Texas, New Mexico,
Oklahoma, Minnesota, North Dakota and South Dakota. Wisconsin and Michigan customers benefit from the power
generated by the turbines as well.

WISCONSIN FARMER SUCCESSFUL IN XCEL ENERGY STRAY VOLTAGE CASE

A western Wisconsin farmer could be awarded up to $13.5 million after winning a five-year legal battle against an
electric services company over stray voltage. The farmer had claimed that his dairy farm herd of nearly 1,000 cows
became ill and had decreased milk production for more than a decade because of improperly grounded power lines.
The jury award was $4.5 million, but could be tripled if the company were found in willful, wanton or reckless violation of statutes. Xcel Energy spokeswoman Christine Ouellette says the company is disappointed by the decision and is looking into the next steps.

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