ALLIANT ENERGY INVESTING TO KEEP COSTS LOW

Alliant Energy’s Wisconsin energy company has filed plans with the Public Service Commission of Wisconsin (PSCW) to build a wind project that will lower energy costs for Wisconsin customers starting in 2020. The proposed project will be located in North Central Iowa which has consistently strong wind resources. Customers will benefit directly from fuel-free renewable energy that provides long-term cost stability. The cost to build new wind projects has decreased significantly over the last several years. This is largely the result of continued technological advancements that improve turbine efficiency. This project would add 150 megawatts of wind energy, enough to power an additional 70,000 homes. The company’s Wisconsin customers already benefit from low-cost wind through Alliant Energy’s ownership in three wind farms.

WISCONSIN ALLIANT CUSTOMERS TO RECEIVE A RATE FREEZE

Wisconsin customers of Alliant Energy will see no increase to base electric and natural gas rates through 2020 under a proposal filed with the Public Service Commission of Wisconsin (PSCW). Customer rates will drop for the remainder of 2018 due to bill credits following a separate PSCW decision.

“The rate freeze is a win for customers,” according to John Larsen, President of Alliant Energy Corporation. “We’ve worked hard to hold the line on costs through 2020. It’s important to us to deliver cleaner power to families and businesses while keeping rates down.”

The company reached agreement on the proposal with significant input and collaboration from the Citizens Utility Board (CUB) and Wisconsin Industrial Energy Group (WIEG). If approved by the PSCW, the plan would be in effect 2019-2020. A decision is expected later in 2018. No rate increase proposed for 2019-2020. The proposal reflects Alliant Energy’s efforts to lower operational and fuel costs, along with expected tax savings from the 2017 Tax Cuts and Jobs Act. Included are investments for making electricity from cleaner and renewable sources. Alliant Energy’s retail electric rates are among the lowest in Wisconsin.

ates

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.

LEGISLATORS SUGGEST ALTERNATIVES TO POWER LINE

Two Wisconsin lawmakers are calling on state utility regulators to examine the likely effects of a proposed high-voltage transmission line between Madison and Dubuque, Iowa.  Republican Rep. Travis Tranel of Cuba City and Republican Rep. Todd Novak of Dodgeville have asked the Wisconsin Public Service Commission to study possible alternatives before approving the Cardinal-Hickory Creek line.  American Transmission Co., ITC and Dairyland Power will work to build the 102-mile line, which is estimated to cost $500 million. The costs would be shared by consumers in 15 states and one Canadian province. Wisconsin customers would pay for about 15 percent of the cost. The 345-kilovolt line would be the third transmission project in western Wisconsin since 2015.

ATC Receives Approval from PSC for Transmission Line

On January 12th, American Transmission Company received approval from the Public Service
Commission of Wisconsin to construct an approximately 4.2 mile, 345,000-volt Riverside
Transmission Line Project. The project will consist of a double-circuit transmission line from a
planned new substation near the Alliant Energy West Riverside Energy Center to an existing
345-kV transmission line in the Town of Beloit.

The line is needed to connect the expanded West Riverside Energy Center to the electric
transmission grid. The West Riverside Energy Center will include a natural gas-fueled
generating station with an integrated solar installation.

“The ordered route is made up of segments from the two routes that ATC submitted to the PSC,”
said ATC Project Manager Mark Sanzenbacher. “The anticipated project cost is approximately
$42 million.”

The planned in-service date of the line is 2019.

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