ROBERTS APPOINTED PSC COMMISSIONER

Gov. Scott Walker recently announced that Department of Financial Institutions (DFI) Secretary Lon Roberts will replace current Public Service Commissioner Phil Montgomery whose term on PSC ends next month. Montgomery had served 12 years in the Wisconsin Assembly before his six-year term on PSC.  Roberts, Montgomery’s replacement, was a partner and president at a law firm in Wausau and served as chair of the State of Wisconsin Investment Board before becoming DFI secretary in February 2016.

ARMY CORP OF ENGINEERS PROPOSES AGREEMENT

The U.S. Army Corps of Engineers is proposing to let several utility companies pay to speed up review of their permit
applications in Minnesota and Wisconsin. Under the plan, the utilities would fund up to two full-time staff to handle
wetland and water crossing permits from American Transmission Company and WEC Energy Group whose subsidiaries include We Energies, Wisconsin Public Service Corporation, the Wisconsin River Power Company and Minnesota Energy Resources Corporation.

XCEL ENERGY BOARD ELECTS NEW MEMBER

Daniel Yohannes has been elected to Xcel Energy’s board of directors, effective March 1,
2017. Yohannes most recently served as the U.S. Ambassador to the Organization for
Economic Cooperation and Development (OECD),
an international forum promoting
economic growth, prosperity, sustainable development and energy security through
better policies.  Prior to that appointment, he served as Chief Executive Officer of
Millennium Challenge Corporation (MCC), a U.S. government development agency that
provides grants for investments in, among other things, energy and power infrastructure
in developing countries to create self-sustaining power
systems and support economic
development.

Announcing the WUI 2017 Day at the Capitol! Registration Now Open.

 

 

 


Click Here to Register


You’re Invited to
Get Plugged In!

This is your opportunity to let your representatives know what is important to you as a Utility Investor! You will hear from legislative leaders about the current issues affecting your investments, have opportunities to meet with your representatives at the Capitol, and share lunch with your fellow WUI members at the newly renovated Park Inn Hotel (formerly Inn on the Park).

AGENDA:
9:30 am Registration
10:00 am Meeting  & Guest Speaker
11:15  am Scheduled Legislative Meetings
12:30 pm Lunch
12:45 pm Luncheon Speaker
1:20 pm Wrap up & Home

INVITED GUEST SPEAKERS:
Governor Scott Walker
Commissioner Mike Huebsch

YOUR DAY AT THE CAPITOL:
You can drive to Madison or ride one of the comfortable coach buses provided by WUI.  (Click on registration link to learn more.)
Valet parking is available
at the Inn on the Park.

 

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

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