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XCEL ENERGY ANNOUNCES NEW GROUP PRESIDENT

Xcel has named David Eves Executive Vice President, Group President – Utilities, effective March 1.
Eves will oversee the leadership of Xcel Energy’s operating companies, a responsibility previously held
by Marvin McDaniel Jr. who has retired.  Eves currently serves as President of Xcel Energy – Colorado,
and will continue in both roles at this time.

MG&E CHAIRMAN WOLTER TO STEP DOWN IN OCTOBER

Gary Wolter, Chairman of the Board of MGE Energy and of subsidiary Madison Gas &
Electric, will step down from those positions on October 1. Wolter will remain a member
of the boards of directors, according to documents filed with federal regulators.

LEVERETT CONTINUES HIS RECOVERY

We Energies executive Allen Leverett, who had suffered a stroke in October 2017, is in good physical condition and continues making progress in his recovery and rehabilitation work according to company CEO Gale Klappa.

XCEL ENERGY CONTINUES EFFORTS IN PUERTO RICO

Nearly 2,000 Puerto Rican customers have had their electricity restored thanks to Xcel Energy crews. Workers from the Upper Midwest, Colorado, Texas and New Mexico have been on the island since January 29th and are continuing their efforts to restore power to the island. Four crew members are from Wisconsin.

Xcel Energy executives Bob Frenzel, Chief Financial Officer, and Kent Larson, Executive Vice President and Group President, Operations, visited Puerto Rico to thank workers for all they’ve done and to see the progress first hand.

More than one million Puerto Rican customers, seventy-five percent of island residents, have had their power restored.  Hundreds of thousands still remain without power more than four months after Hurricane Maria caused tremendous damage to the island’s homes, businesses, infrastructure and electrical grid.

Alliant Energy to Build English Farms Wind Farm

Alliant Energy’s Iowa energy company will add more clean energy with the acquisition of the English Farms Wind Farm.  The company finalized an agreement with developer Tradewind Energy for the 170-megawatt project, located in Poweshiek County in central Iowa.

“Wind energy is a win for Iowans,” said Doug Kopp, President of Alliant Energy’s Iowa Energy Company. “The benefits of this project help customers through reductions in emissions and fuel cost. It gives landowners lease payments to help on the farm and it helps communities through increased local tax revenue for schools and community services.” Alliant Energy will build and own English Farms Wind Farm, with major construction starting in 2018. This is one of several wind farms the company is building to deliver cost-competitive, clean energy to customers.

Alliant Energy received approval in 2016 to add up to 500 megawatts of wind energy in Iowa. The company has requested a similar wind expansion from the Iowa Utilities Board again in 2017. With these combined projects, customers will get more than one-third of their energy from wind by the end of 2020. This overall wind expansion represents a roughly $1.8 billion investment and adds up to 1,000 megawatts of new wind generation in Iowa. Together, that’s enough to power up to 430,000 Iowa homes a year.

WEC Energy Board of Directors Changes

 

Cunningham Elected to WEC Energy Group Board

Cunningham, 62, who retired in 2016, had previously served Deloitte since 2002. Prior to joining Deloitte, he was a partner at Arthur Andersen, where he worked from 1980 to 2002. He has more than 30 years of experience serving public audit clients in a broad array of industries, including manufacturing, printing, software and financial services. He received his Bachelor’s Degree in accounting from The Ohio State University and a Master’s in Business Administration from the University of Wisconsin.Danny L. Cunningham, retired Partner and Chief Risk Officer of Deloitte & Touche LLP, has been appointed to the Board of Directors of WEC Energy Group and will serve on the Audit and Oversight Committee.

Cunningham currently serves as a member of the Board of Directors and Chair of the Audit Committee of Actuant Corporation. He qualifies as an independent director under WEC Energy Group’s Corporate Governance Guidelines.

 

Farrow Elected to WEC Energy Board

William M. Farrow III, Organizer, Chief Executive Officer, President and Director of Urban Partnership Bank in Chicago, was appointed to the Board of Directors of WEC Energy Group effective January 1, 2018.

At Bank One, he held many senior positions where his responsibilities included ecommerce/ebusiness management, technology sales management, and technology platform development and conversion. Farrow brings more than 39 years of executive management experience in managing business operations, managing enterprise risk and strategy. He qualifies as a technology expert and a financial expert.William M. Farrow III, Organizer, Chief Executive Officer, President and Director of Urban Partnership Bank in Chicago, was appointed to the Board of Directors of WEC Energy Group effective January 1, 2018.

Jones Retires from Board at Year-End

Paul W. Jones retired from the Board effective December. 31. Jones, 67, served as a Director of Integrys Energy Group and joined the WEC Energy Group Board of Directors when the company acquired Integrys in 2015.

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