Save the Dates, WUI 2018 Events

Are you wondering what the benefits are to being a member of the Wisconsin Utility Investors, Inc?  Save the date and please plan to come to the WUI Regional Meeting nearest you.  More details and a registration link will be coming soon.

Our 2018 Annual Meeting of Members is one you won’t want to miss!  This year, Members are invited to the Harley-Davidson Museum® and will have a complimentary museum pass to be used that day or within 3 months. 

…Talk about a benefit of membership!

MG&E CHAIRMAN WOLTER TO STEP DOWN IN OCTOBER

Gary Wolter, Chairman of the Board of MGE Energy and of subsidiary Madison Gas &
Electric, will step down from those positions on October 1. Wolter will remain a member
of the boards of directors, according to documents filed with federal regulators.

LEVERETT CONTINUES HIS RECOVERY

We Energies executive Allen Leverett, who had suffered a stroke in October 2017, is in good physical condition and continues making progress in his recovery and rehabilitation work according to company CEO Gale Klappa.

GOVERNOR WALKER SIGNS BILL RELATING TO RATE DISPUTES

Wisconsin Governor Scott Walker has signed legislation (2017 Wisconsin Act 136) to give utilities a way to resolve disputes over their attempts to raise the rates charged to homeowners and businesses. The measure would allow a utility to reach a settlement with a group representing homeowners or businesses and then let the Public Service Commission decide on approving it. If one group of ratepayers settled with the utility and the other didn’t, the commission would have to take input from all sides but could still approve the settlement. This legislation was supported by WUI and Wisconsin utilities.

WE ENERGIES FEDERAL TAX CUT MAY NOT IMMEDIATELY FLOW THRU TO CUSTOMERS

We Energies customers may not see immediate savings from $200 million in benefits the company is gaining from President Donald Trump’s federal income tax overhaul. Instead, WEC Energy Group hopes to apply the money to reducing a balance remaining for costs the company incurred investing in electric transmission equipment. WEC Energy Group has filed its plan with the Public Service Commission. The PSC requested all Wisconsin utility companies file plans on how they propose to use the money resulting from federal corporate income tax cuts from 35 percent to 21 percent. WEC Energy says its plan to apply the savings to paying down deferred balances for electric transmission equipment follows a directive from the PSC in the company’s most recent rate case.

XCEL ENERGY CONTINUES EFFORTS IN PUERTO RICO

Nearly 2,000 Puerto Rican customers have had their electricity restored thanks to Xcel Energy crews. Workers from the Upper Midwest, Colorado, Texas and New Mexico have been on the island since January 29th and are continuing their efforts to restore power to the island. Four crew members are from Wisconsin.

Xcel Energy executives Bob Frenzel, Chief Financial Officer, and Kent Larson, Executive Vice President and Group President, Operations, visited Puerto Rico to thank workers for all they’ve done and to see the progress first hand.

More than one million Puerto Rican customers, seventy-five percent of island residents, have had their power restored.  Hundreds of thousands still remain without power more than four months after Hurricane Maria caused tremendous damage to the island’s homes, businesses, infrastructure and electrical grid.

NEITZEL TO STEP DOWN AS WISCONSIN DEPARTMENT OF ADMINISTRATION SECRETARY

Former MG&E executive, Scott Neitzel, has announced he will be resigning as Secretary of the Wisconsin Department of Administration, generally thought to be the second most powerful post in state government. Neitzel will be replaced by Ellen Nowak, currently Chairman of the Wisconsin Public Service Commission. Commissioner Lon Roberts has been named the new Commission Chairman. Neitzel has not disclosed his future plans.

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