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.

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.

WEC Interested in Former Coke Plant Property

WEC Energy may buy a 46-acre former Solvay Coke property in Milwaukee. After an environmental clean-up effort, the site could be an important part of the harbor area’s redevelopment.

The contaminated property has frontage on the Kinnickinnic River and Milwaukee’s inner harbor south of Greenfield Avenue. Although contaminated from past years of industrial use, the property’s size, water frontage and location south of downtown has made Solvay Coke a perennial subject of redevelopment talks. Former industrial buildings were torn down earlier this summer.

The property has been owned by Golden Marina Causeway LLC, of Illinois, which has been going through an ongoing bankruptcy case.

WEC ENERGY TO BUILD NEW UPPER PENINSULA POWER PLANTS

An Upper Peninsula iron ore mine will buy power for twenty years from WEC Energy Group under an agreement designed to provide a long-term power solution for the region whose residents have faced uncertainty over rate hikes. Under the deal, Milwaukee-based WEC Energy will add 170 megawatts of natural gas-powered electricity across two new sites in the U.P. The power will supply Cleveland-based Cli? Natural Resources’ Tilden Mine and other customers. The agreement stems from a 2015 settlement with the state of Michigan. WEC’s coal-?red Presque Isle Power Plant would still close by 2020.

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