Alliant Energy Corporation has released its 2016 Corporate Sustainability Report detailing progress to advance clean energy and stewardship to customers, communities and employees. It is available at alliantenergy.com/sustainability. The information expands on past environmental reports and highlights a signi?cant reduction in nitrogen oxides (NOX), sulfur dioxide (SO2) and mercury emissions. The report contains a new target of reducing carbon dioxide (CO2) emissions 40 percent by 2030 from 2005 levels. CO2 emissions continue to decrease due to additional renewable energy, increased use of efficient natural gas-fired generation and the transition of coal generation facilities.
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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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Alliant Energy customers are now receiving clean power from Wisconsin’s largest solar facility. The 2.3-megawatt Rock River solar project recently went into service near Beloit, Wisconsin. The sun-powered generating station includes over 7,700 solar panels, covers nearly 17 acres and produces enough electricity to power 500 homes.
“Investments in clean energy have been central to our plan for decades,” said Patricia Kampling, Alliant Energy Chairman, President and CEO. “Solar is an important part of our future energy mix and one of many ways we are following a path of sustainability and stewardship.”
The Rock River solar project is located on Alliant Energy’s property in the Town of Beloit, and it is sited on a landfill, a further environmental benefit. The company collaborated with the Wisconsin Department of Natural Resources to enable the landfill site to be reused for the solar facility.
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American Transmission Company and Xcel Energy have held a public outreach session to provide information about their 180-mile 345-kilovolt Badger Coulee Project. The pre-construction open house occurred on July 21 in Lake Delton, Wisconsin.
“Landowners who may be affected by construction and members of the public were welcome to attend the pre-construction open house,” according to Charles Gonzales, ATC Senior Local Relations Representative. “This event provided an opportunity for people to learn what to expect in terms of equipment, timing and appearance of the line.”
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WEC Energy Group recorded net income of $181.4 million, or 57 cents per share, for the second quarter of 2016 as compared with $80.9 million, or 35 cents per share, for the second quarter of 2015. WEC Energy Group was formed on June 29, 2015 when Wisconsin Energy completed the acquisition of Integrys. The company’s earnings per share for the second quarter, excluding acquisition costs, decreased by 1 cent per share, from 58 cents in the second quarter of 2015 to 57 cents in the second quarter of 2016.
“Our focus on customer service, operating efficiency and financial discipline contributed to results that place us on track for the year,” according to Allen Leverett, Chief Executive Officer.
Consolidated revenue for the second quarter of 2016 totaled $1.6 billion, compared to $990 million in the second quarter of 2015. The increase was driven by the addition of $620 million of revenue from Integrys. At the end of June, WEC Energy Group’s utilities were serving approximately 38,000 more customers than the same time a year ago. Wisconsin utilities added about 9,000 more electric customers and nearly 14,000 more natural gas customers in the past year. The company’s natural gas utilities in Illinois, Michigan, and Minnesota added nearly 15,000 customers compared to a year ago. Retail sales of electricity for Wisconsin Electric Power Company and Wisconsin Public Service Corporation – excluding the iron ore mines in Michigan’s Upper Peninsula – increased by 3.0 percent from last year’s second quarter. Residential use of electricity was up by 7.7 percent. Consumption of electricity by small commercial and industrial customers increased by 2.2 percent.
On July 14, the second of three 2016 Regional Meetings was held in Pewaukee. “I love your meetings,” remarked one longtime WUI Member, “They are so packed with great information.” Attendees learned about the potential effects of the Clean Power Plan from an industrial, business, utility, and legislative perspective.
WUI is grateful to all of the excellent speakers and to all who have attended the 2016 Regionals thus far. Lucas Vebber, WMC, and Jeff Hanson, Alliant Energy, again joined us with the addition of Tom Finco, ATC. A special thank you to Representatives Mike Kuglitsch and Adam Neylon who spoke to their constituents and encouraged participation in the legislative process.
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