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NEW TRANSMISSION LINE IN THE WORKS

American Transmission Co., ITC Midwest LLC and Dairyland Power Cooperative have plans for a high-voltage transmission line connecting northeastern Iowa and western Wisconsin that would provide economic benefits, improved reliability and better access to renewable energy resources for the region. Dubbed the Cardinal-Hickory Creek Project, the 345-kilovolt line would run for 125 miles from Dubuque County, Iowa, to Dane County, Wisconsin. Various alternative routes are currently being considered and the companies expect to file a formal application with regulators some time in 2018-19.

WISCONSIN COMMUNITIES SCORE 355 TREES THROUGH ATC, BUCKS PARTNERSHIP

The Milwaukee Bucks welcomed American Transmission Company to center court
during its last regular season game. The company is donating 355 trees to Wisconsin
communities as part of a partnership called Trees for Threes with the Milwaukee Bucks.
The Trees for Threes program sponsors the planting of a new tree in Wisconsin for each
three-point shot the Bucks made at the BMO Harris Bradley Center this season. That total
was 355 after the Bucks’ last regular season game. The team far surpassed its three-point
tally from last season, which was 220 three-pointers made at home.

Former Coal Property to be Auctioned

As previously reported, a property on the western shoreline
of Milwaukee’s inner harbor is now under discussion for
potential other uses. Wisconsin Gas first put in a bid for
the Solvay Coke land in June, 2016, but this spring could
finally complete its purchase. WEC Energy says it has
no specific plans for the property.

In a January 10 bankruptcy filing, attorneys sought approval
of Wisconsin Gas’s offer. If the sale plans are approved
during a scheduled late January hearing, other companies
would have until March 21 to submit competing offers of at
least $4.2 million. If any more bidders emerge, an auction
will be held April 3 in Chicago to determine the buyer and a
judge will be asked to approve the sale the following day.

MGE Energy Declares Regular Dividend

*It has come to our attention that there was a typo in the February Newsletter reporting of the MGE quarterly dividend rate.  The corrected article follows.  We apologize for any confusion this may have caused.

 

The Board of Directors of MGE Energy has declared the
regular quarterly dividend of 30.75 cents per share on
the outstanding shares of the company’s common stock,
payable March 15, 2017, to shareholders of record at the
close of business March 1, 2017.  MGE Energy has
increased its dividend annually for the past 41 years and
has paid cash dividends for more than 100 years.

Seventy-Eight Percent of Wisconsin CEOs are Optimistic About the Economic Future

 

The new survey of member CEOs by Wisconsin
Manufacturers & Commerce shows optimism for
a Donald Trump administration and a sharp
reversal of economic outlook from six months ago.

Kurt Bauer, President and CEO of WMC said the
group surveyed 270 of it’s member CEO’s the
week after Donald Trump was elected to be the
next president of the United States. “Seventy-eight
percent of our members are either optimistic or
very optimistic for a Trump presidency in their
business and the economy,” he said.

Opinions about the future of the economy have shown
a significant improvement. Six months ago, 84 percent
of respondents said the U.S. economy was headed in the
wrong direction. Now, 60 percent say it is headed in the
right direction

American Transmission Company’s Headquarters Sold

The American Transmission Company corporate headquarters
in Pewaukee, a 13.9-acre property, has been sold to an
affiliate of Cleveland-based MAI Capital Management by an
affiliate of Chicago-based Oak Street Real Estate Capital.

The owner purchased the ATC headquarters in 2012 for
$65 million from Interstate Partners. The facility is known as
RidgeView Office Center III. It has a three-story 123,833-
squarefoot office building, a 33,600-square-foot industrial
building and 357 parking spaces. The buildings were
constructed in 2009.

Anne Spaltholz, ATC director of corporate communications,
said the company has a long-term lease for the facility and
there will be no changes to its operations.

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