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.

XCEL ENERGY REDEVELOPS BUTTERFLY AND BEE HABITAT

Xcel Energy is giving monarch butterflies, honey bees and other pollinators new life by redeveloping a dry prairie in Eau Claire. As part of National Pollinator Week, prairie enthusiasts, Xcel Energy employees, staff from the Wisconsin Department of Natural Resources and children from the summer program at the Eau Claire Indoor Sports Center helped plant milkweed and other pollinator-friendly plants on two-acres of property near Xcel Energy’s Wisconsin headquarters in Eau Claire. The event was part of a week-long national effort to recognize the importance of pollinators.

AMERICAN TRANSMISSION COMPANY BUYS LAND FOR SUBSTATION

American Transmission Company has bought land to build a proposed electrical substation for the $10 billion manufacturing complex Foxconn Technology Group is building in southeast Wisconsin. It has purchased 33 acres of land in Mount Pleasant for $2.4 million. ATC plans to build a new substation east of the Foxconn complex and connect it with high-voltage power lines. The utility plans to have new lines run between Kenosha County and Racine County. Foxconn is expected to use about 200 megawatts of electricity, six times more than the next-largest factory in the state according to ATC. The Taiwanese company plans to make advanced liquid-crystal-display panels for commercial and consumer uses, including televisions. ATC needs to win approval of the project from the Public Service Commission of Wisconsin. Work on the substation and the $117 million electric transmission lines could begin in the fall.

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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.

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Xcel Energy Cuts Carbon Emissions 35 Percent

Xcel Energy is a step closer to achieving one of the most aggressive carbon-reduction goals in the industry. The company has announced that it cut carbon emissions 35 percent, according to its newly released Corporate Responsibility Report. This puts Xcel Energy on track to reach or exceed its ambitious goal of reducing carbon
emissions 60 percent by 2030 from 2005 levels.

“We’re on a path to provide a more sustainable, prosperous energy future and believe reducing carbon emissions while enhancing affordability is a tremendous benefit for the customers and communities we serve,” said Ben Fowke, chairman, president and CEO of Xcel Energy.

Xcel Energy surpassed the U.S. commitment under the Paris Climate Accord in 2016 which called fora 26 to 28 percent reduction in carbon emissions by 2025. It’s now working to achieve a 50 percent reduction in carbon emissions by 2022 from 2005 levels.

The company plans to continue reducing its environmental footprint with an energy mix that is projected to be 60 percent carbon free in 2022. This transition to cleaner energy involves retiring aging coal plants and replacing their energy with a combination of wind and solar power and using natural gas as backup. Much of the energy will come from wind power as Xcel Energy will more than double its wind generation with 12 new wind farms in seven states. These new energy sources are complemented by two key sources — the company’s broad array of advanced customer energy efficiency programs and the continued efficient operation of its carbon-free nuclear plants in the Upper Midwest.

MGE HAS STRONG CREDIT RATINGS

MGE Energy’s regulated utility, Madison Gas and Electric (MGE), continues to have top credit ratings in the nation for regulated utilities. Standard & Poor’s (S&P) and Moody’s give MGE the highest credit ratings for investor-owned, combination utilities.

S&P cites MGE’s effective management of regulatory risk, strong regulatory environment, focus on regulated, vertically integrated electric and natural gas distribution operations and conservative financial policies that ensure strong credit quality.

In its review, Moody’s cites MGE’s supportive regulatory environment that provides revenue and cash flow and stable and healthy credit metrics. Moody’s also states that its stable outlook rating assumes future prudently incurred investments will be recovered.

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