WEC SUBSIDIARY TO BUILD TWO NATURAL GAS GENERATORS IN UPPER PENINSULA

A subsidiary of We Energies has asked for approval to build two generating plants
located in Baraga and Marquette counties in Michigan’s Upper Peninsula at a cost of
$277 million. Upper Michigan Energy Resources Corporation would build the natural
gas projects by 2019 enabling We Energies to shut down its coal-fired power plant in
Marquette, Michigan, by 2020. This would eliminate the need for Wisconsin ratepayers to
continue paying for that plant.

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.

WEC Earnings Accelerate In First Quarter

In part as a result of the acquisition of Integrys Energy Group, Wisconsin Energy has reported net income of $346.2 million, up from $195.8 million in last year’s first quarter. Earnings per share were $1.09, compared with 86 cents last year. Analysts who follow the company were expecting profit of $1.01 per share. That $9.1 billion deal added Wisconsin Public Service in Green Bay as well as Peoples Gas in Chicago and natural gas utilities in Michigan and Minnesota.

PSC CLEARS SALE OF WE ENERGIES POWER PLANT NEAR WAUWATOSA HOSPITALS

The small coal-fired power plant operated by We Energies in Wauwatosa, Wisconsin, can be sold to the Milwaukee
Regional Medical Center (MRMC), state energy regulators have decided. MRMC plans to burn natural gas instead
of coal, helping it use a cleaner energy source to heat and cool the medical complex buildings, including Children’s
Hospital of Wisconsin and Froedtert Hospital. A purchase price is not being disclosed. The power plant, which sits
on a 15-acre site north of Watertown Plank Road, was built in 1955 and was originally owned by Milwaukee County.
Wisconsin Electric, now doing business as We Energies, bought it in 1996.

SETTLEMENT REACHED…

IN ALLIANT ENERGY’S RIVERSIDE ENERGY CENTER CASE

Alliant Energy’s plans to build a combined cycle natural gas-fueled generating facility near Beloit, WI, took a major
step forward as the company reached settlement with two key intervenors in the case, We Energies and Wisconsin
Public Service Corporation. The agreement creates mutual opportunities for the parties to invest in joint-ownership
generation projects and contemplates a joint-development agreement for renewable resources among other items.
Alliant Energy has filed the agreement on the Public Service Commission of Wisconsin’s (PSCW) website in docket no.
6680-CE-176.

“We’ve been able to work cooperatively with our neighboring utilities to find a solution that makes sense for energy
customers across Wisconsin,” said Patricia Kampling, Alliant Energy Chairman, President and CEO. “Along with
the modernized Riverside Energy Center, we believe this agreement will help control energy costs for Wisconsin
customers for years to come.”

Alliant Energy filed for regulatory approval of the proposed 650 megawatt natural gas-fueled plant with the PSCW in
May 2015. Technical hearings before the PSCW began December 21, 2015.

« Older Entries