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ALLIANT ENERGY CEO JOHN LARSEN BECOMES EXECUTIVE CHAIRMAN, LISA BARTON NAMED CEO

Alliant Energy has announced that its Board of Directors elected John Larsen, current Board Chair and CEO, to the position of Executive Chairman, effective January 1, 2024. In addition, Lisa Barton has been elected CEO of Alliant Energy and a member of the Board of Directors, effective January 1, 2024.


"Lisa is an outstanding leader, with a track record of driving strategic outcomes, making her uniquely qualified to take on the CEO role during this period in our industry," Larsen said. "The board and I are confident she will further Alliant Energy’s ability to deliver consistent results as we deliver on our purpose of serving customers and helping to build stronger communities. I look forward to working closely with Lisa in her new role."

Barton joined Alliant Energy in February of this year as President and COO.  

"I am excited and appreciative for the opportunity to take on the role of CEO during this exciting time for our company and industry," Barton said. "I am honored to follow John's leadership and look forward to our continued partnership. There has never been a more exciting time to be in the industry, and it is a privilege to have the opportunity to work with our dedicated and innovative team at Alliant Energy, where we are focused on successfully delivering on our purpose of serving customers and building stronger communities."

"The Board of Directors is confident that Lisa will provide excellent leadership at Alliant Energy, and working with our deep bench of leaders, continue to deliver superior value to our customers, communities and shareowners," said Carol Sanders, independent lead director of the board of directors. "On behalf of the Alliant Energy Board of Directors, I also want to thank John for his outstanding and continued leadership. His track record as CEO in delivering long-term value to customers, communities and shareowners is built upon his strong foundation of serving our company for the past 35 years. We are pleased that he is stepping into his new role as executive chairman and will continue to help shape the future direction of Alliant Energy." 

Sanders will remain in her role as lead independent director.

In Larsen's new role as Executive Chairman, he will remain an employee of Alliant Energy and Chair of the Board of Directors, and Barton will report to him. Working closely with Barton, Larsen will oversee key strategic matters important to the company, including the development of the company’s strategy, as well as legislative and investor engagement. He will remain actively engaged in key energy and economic policy matters, and with key stakeholders and in the community.

XCEL ENERGY ELECTS TIMOTHY WELSH TO BOARD OF DIRECTORS

Xcel Energy has announced that Timothy Welsh has been elected to the company’s board of directors, effective immediately.

Welsh, who currently serves as Vice Chair for U.S. Bancorp’s Consumer and Business Banking, is an accomplished business and community leader with decades of experience in a variety of diverse fields, including financial services, customer experience, workforce development, and operations. Across several industries, Welsh’s work has centered on understanding consumer behavior and creating strategies to respond to consumer preferences. Welsh also brings a passion for helping enhance the vitality of the community and opportunities for its residents.

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WE ENERGIES 2024 RATE PROPOSAL BEING CONSIDERED

The Public Service Commission of Wisconsin is considering a limited rate filing for We Energies customers. The PSCW has been conducting a thorough review of the proposal and taking public input. They are expected to make a decision before the end of 2023. The limited rate filing is driven by new investments in electric and natural gas infrastructure that have already been approved by the PSCW and that go into service in 2023 and 2024.

The filing includes significant investments in renewable energy and savings from the planned retirement of coal-fueled units at the Oak Creek Power Plant. The new investments are part of a plan that is expected to save customers $2 billion over 20 years compared to the status quo.

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ALLIANT TO CREATE UNIQUE ENERGY STORAGE FACILITY

A first of its kind energy storage system will be coming to Wisconsin in the next few years and could serve as a blueprint for wide-scale deployment across the country.

Alliant Energy has announced it has received a $30 million federal grant for a 200-megawatt-hour storage system in Columbia County. 

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WE ENERGIES PLANS $100M PROJECT TO SUPPORT NEW MICROSOFT DATA CENTER

We Energies plans to spend $100 million on a distribution project to serve Microsoft’s proposed data center on land initially meant for Foxconn in the village of Mount Pleasant.

But, the project may not need approval by state regulators, due to exemptions created for Foxconn’s failed plans to create 13,000 jobs and produce large flat-screens in southeast Wisconsin. Now, critics are calling on state lawmakers to close those loopholes.  

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XCEL ENERGY TO EXPAND ONE OF THE NATION'S BIGGEST SOLAR PROJECTS

The Minnesota Public Utilities Commission has approved Xcel Energy’s expansion of the Sherco Solar project, which will soon become one of the biggest solar projects in the country. The project is a key element of Xcel Energy’s clean energy transition and will help the company triple the amount of solar on its Upper Midwest system by 2028.  The unanimous vote paves the way for 710 megawatts of solar generation near the existing Sherco coal plant in Becker, Minnesota, by adding a 250-megawatt array to the 460 megawatts currently under construction. All phases of the project are expected to be complete by the end of 2025, replacing the capacity of the Sherco plant’s first coal unit that is scheduled to retire later this year.

The solar portfolio approved by the Commission also includes a plan to purchase power from the 100-megawatt Apple River solar project in northwestern Wisconsin, which will be one of the largest solar projects in Wisconsin.

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NEW SMART METERS SPEED GRID TRANSFORMATION

Xcel Energy’s Wisconsin customers will soon see the benefits of an improved, high-tech electric grid as the company begins installing smart electric meters at their homes and businesses. Installation work begins today in the company’s southern communities as part of a multiyear project to bring customers cleaner, safer and more reliable energy through advanced grid technology.

"We’re excited to take this next step in building a smarter, more resilient and efficient energy grid and making it easier than ever for customers to understand and manage their energy use,” According to  Karl Hoesly, President, Xcel Energy-Wisconsin. “Smart meters are the starting point for this advanced grid, boosting reliability and providing new tools and technology to help customers lower costs.”

The first meters were installed in the communities of Alma Center, Coon Valley, Ettrick, Hixton, Melrose, Rockland and Spartaas the company sets out to install more than 260,000 of the new devices in Xcel Energy’s Wisconsin service area this year and through 2025.

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XCEL ENERGY SURPASSES FIFTY PERCENT CARBON-FREE ELECTRICITY

More than half of the power Xcel Energy generates across the eight states it serves now comes from carbon-free sources, the company announced in its 18th annual Sustainability Report.
Carbon-free energy made up 53 percent of the company’s 2022 energy mix, compared to an average of 41 percent nationwide. The company has also reduced carbon emissions associated with the electricity it provides to customers by 53 percent from 2005 levels. The Sustainability Report details the company’s progress in transitioning to clean energy while maintaining reliable and affordable natural gas and electricity service, as well as the company’s commitments to further strengthen communities and value the people that make up its workforce.
“Xcel Energy is at the heart of our nation’s clean energy transition,” said Bob Frenzel, Chairman, President and Chief Executive Officer of Xcel Energy. “Guided by our customers’ priorities and enabled by rapidly changing technology, we’re driving toward a clean energy future, bringing reliable, affordable, increasingly clean energy to millions.”
Xcel Energy was the first U.S. energy provider to set aggressive goals to reduce carbon emissions from the most significant ways customers use energy: for electricity, heating and transportation. In 2018, the company set a goal to provide customers with 100 percent carbon-free electricity by 2050 and reduce carbon emissions from its operations by 80 percent from 2005 levels by 2030. 
The company has begun to implement its Colorado and Upper Midwest energy plans, which outline the new energy generation, transmission infrastructure, and other resources it will develop to meet its 2030 goal. Xcel Energy also plans to exit from coal by the end of 2030 if regulators approve its proposal to retire coal operations at Tolk Generating Station in Texas four years ahead of schedule. To support the reliability and resiliency of the grid as this transition continues, the company is helping to incubate and scale emerging technologies, including demonstration-scale projects in long-duration battery storage and clean hydrogen production. Xcel Energy also continues to develop new transmission lines and in 2022 received approval for Colorado’s 560- to 650-mile Power Pathway project. The company has built more miles of transmission over the last 15 years than any other utility in the U.S.
Through the clean energy transition, the company is reducing other environmental impacts of its operations as well. Since 2005, Xcel Energy has reduced water consumption from owned and purchased energy generation by 39 percent and air emissions of sulfur dioxide and nitrogen oxides from its power plants by about 80 percent.

ALLIANT ENERGY INSTALLS SOLAR PANELS AT BEAVER DAM SOLAR PROJECT

Alliant Energy has begun the installation of solar panels at its 50-MW Beaver Dam Solar Project site. A ceremony was attended by executives, team members, construction partners, local leaders, neighbors, and participating landowners. Located in Dodge County, Wisconsin, just east of Beaver Dam, the project is part of Alliant Energy's Clean Energy Blueprint, an ambitious plan to expedite the development of renewable energy and decrease carbon emissions in a cost-effective manner.  The construction of this particular site is set to be completed by the end of 2023.

Overall, Alliant Energy's Clean Energy Blueprint comprises 12 utility-scale solar projects in Wisconsin, which will collectively generate almost 1,100 MW of energy once they are operational. Three of these projects, producing a combined total of 250 MW, commenced operations in late 2022, while the remaining nine are currently under construction.

WISCONSIN PUBLIC SERVICE COMMISSION STUDIES POSSIBLE LOW-INCOME ASSISTANCE PROGRAMS

Wisconsin’s utility regulator has received input from customers hoping to guide an investigation into alternative low-income assistance programs at two of the state’s largest utilities.

The Public Service Commission of Wisconsin hosted listening sessions in Green Bay and Milwaukee. The listening sessions followed rate increases regulators approved late last year for two WEC Energy Group utilities — We Energies and Wisconsin Public Service. 

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ALLIANT ENERGY NAMES EXECUTIVE VICE PRESIDENT – STRATEGY AND CUSTOMER SOLUTIONS

Lisa Barton, Alliant Energy President and Chief Operations Officer, has announced that Raja Sundararajan has been named Executive Vice President of Strategy and Customer Solutions of Alliant Energy effective June 12, 2023. 

“Sundararajan is a strategic thought leader in the energy industry who understands the transformation the sector is embarking on and has the leadership skills necessary to drive strategies and solutions for our customers,” said Barton. “His proven leadership and utility experience have been central to his ability to develop new approaches that enhance the customer experience. I am excited for him to join our leadership team and am confident he will help accelerate our strategy. He will play a key role in how we deliver on our purpose – to serve customers and build stronger communities.”  

In this role, Sundararajan will be responsible for the continued refinement of Alliant Energy’s long-term strategy and enhancement of the customer experience. He will have responsibility for the company’s corporate and regulatory strategy, positioning the company to create and develop solutions in an ever-changing landscape. Sundararajan will partner across the enterprise to leverage technology investments and work with operations’ leadership to drive continued growth. He also will be responsible for leading the company’s government affairs, renewables and business development, product offerings, marketing, communications and supply chain functions.  

Sundararajan said, “Alliant Energy is an industry leader in energy transition with a focus on serving customers and building stronger communities. I am excited about the opportunity and look forward to working alongside Alliant Energy’s talented employees.” 

Sundararajan began his career with General Motors as a Senior Product Engineer before moving to the energy industry in 2004, working for American Electric Power in Columbus Ohio. Over his near 20-year history with American Electric Power, Sundararajan held roles in Corporate Finance, Investor Relations and Market Risk before ascending to executive roles as Vice President of Transmission Strategy, as well as Vice President of Regulatory Services. In 2019, he was promoted to President and Chief Operations Officer of American Electric Power, Ohio, and subsequently in 2021 he took on the role of Senior Vice President of Regulatory and Customer Solutions. Most recently, he held the role of Executive Vice President of External Affairs at American Electric Power. 

Sundararajan earned his Bachelor of Technology degree in Mechanical Engineering from the Indian Institute of Technology, and his Master’s degree in Mechanical Engineering from the University of Maryland. Additionally, he holds an MBA from the University of Michigan. 

HO-CHUNK GAMING WISCONSIN DELLS ADDS ELECTRIC CHARGERS

Ho-Chunk Gaming Wisconsin Dells has hosted a ribbon cutting for one of Wisconsin’s largest and fastest public electric vehicle (EV) charging stations placed at Ho-Chunk Gaming Wisconsin Dells. Casino officials, Ho-Chunk Nation President, Marlon White-Eagle, and officials from Alliant Energy, Inertial Electric, and the Baraboo Area Chamber of Commerce were present for the event.

With collaborations from Alliant Energy and Inertial Electric, two ABB Terra 184 fast charging option with pull-in parking as well as a pull-through station which allows easy charging for larger vehicles pulling trailers. Both charging stations are ADA compliant designed and available around the clock in the parking lot just 2 miles south of interstate 90/94, on exit 92.

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FEDERAL ADMINISTRATION TO HELP SUPPLY FEDERAL FACILITIES IN FIVE MIDWEST STATES WITH 100 PERCENT CARBON FREE ELECTRICITY

The U.S. General Services Administration and the White House Council on Environmental Quality (CEQ) have announced a new Memorandum of Understanding (MOU) with Xcel Energy to work toward providing federal facilities in Minnesota, Michigan, North Dakota, South Dakota, and Wisconsin with 100 percent carbon free electricity by 2030.

The federal government hopes to lead by example and leverage its scale and procurement power to tackle the climate crisis. The MOU will advance the Administration’s ambitious goal of sourcing 100 percent CFE to power federal facilities by 2030, at least half of which will be locally-supplied clean energy to meet 24/7 demand.

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We ENERGIES EMPLOYEES PLEDGE MORE THAN $160,000 to UPAF

We Energies employees have contributed more than $160,000 to support performing arts in southeastern Wisconsin.

Hundreds of employees pledged part of their paycheck during the annual United Performing Arts Fund (UPAF) campaign. On top of that, the We Energies Foundation will match all employee donations over $50.

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UTILITY REGULATORS APPROVE $649M PURCHASE OF WISCONSIN'S LARGEST RENEWABLE ENERGY PLANT

Three utilities have received approval from Wisconsin utility regulators to buy the state’s largest renewable energy plant.

The Public Service Commission has approved the $649 million purchase of the Koshkonong Solar Energy Center by We Energies, Wisconsin Public Service, and Madison Gas and Electric.

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AMERICAN TRANSITION COMPANY ADOPTS SOLO-DRIVER CONSTRUCTION TECHNIQUE

Introduced and tested in 2019, Solo-Driver Plus was used on a construction project for the first time in its history. The patent-pending foundation installation method installed 80 caisson foundations to support new steel structures for transmission line rebuild project in Adams and Waushara counties.

Set up and driving takes minutes to accomplish with Solo-Driver Plus with very little ground disturbance, making it faster and more environmentally friendly than traditional installation methods.  After the launch of the initial Solo-Driver design in 2015, a team of engineers focused on evolution of the excavator installed caisson concept.  Solo-Driver Plus’s “H” design provided ATC the opportunity to improve drivability and corrosion resistance as well as simplify fabrication, potentially reducing associated costs.  A second variation was also developed and initially tested that has the potential to be used on more heavily loaded structures.

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XCEL ENERGY TAKES MONTICELLO NUCLEAR PLANT OFFLINE TO FIX TRITIUM LEAK

Xcel Energy has powered down its Monticello Nuclear Generating Plant to allow it to more quickly perform the repairs needed to permanently resolve a leak of water containing tritium at the plant. The company does not anticipate any impacts to customers’ electric service from powering the plant down early.

“While the leak has continued to pose no risk to the public or the environment, we determined the best course of action is to power down the plant and perform the permanent repairs immediately,” said Chris Clark, president of Xcel Energy–Minnesota, North Dakota and South Dakota. “We are continuing to work with and inform our state, federal, city and county leaders in the process.”

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RED BARN WIND FARM DELIVERING LOCALLY GENERATED CLEAN ENERGY

A Madison Gas and subsidiary has announced that its newest wind farm is fully operational and delivering cost-effective, carbon-free energy to the electric grid. MGE owns 9.1 megawatts (MW) of the 92-MW wind farm in the Grant County towns of Clifton and Wingville.
 
“This is an exciting time for MGE as the Red Barn Wind Farm begins to generate cost-effective, carbon-free electricity to benefit all our electric customers,” said Jeff Keebler, MGE Chairman, President and CEO. “Red Barn is another important step in our ongoing transition to a more sustainable energy future. We are working aggressively to reduce our carbon emissions at least 80% from 2005 levels by the end of this decade and achieve net-zero carbon electricity by 2050. We have said since announcing our net-zero goal, if we can go further faster through partnerships with our customers and the evolution of new technologies, we will—and we are.”
 
Located on about 10,000 acres and consisting of 28 turbines, the Red Barn facility is expected to generate enough energy to serve about 50,000 households annually. MGE's share is expected to serve about 5,000 households each year.

XCEL ENERGY TO BUILD NEW ST. PAUL SERVICE CENTER

Xcel Energy has signed an agreement with the Saint Paul Port Authority to build a new service center in northeast St. Paul that will allow the company to meet the needs of its customers and employees for many years to come.

The 20-acre property is in The Heights, a new development on the site of the former Hillcrest Golf Course. The purchase agreement follows an extensive search for a larger site to replace the Rice Street Service Center, which has helped Xcel Energy serve its customers reliably for a century but does not meet the company’s future operational needs.

WEC BOARD DECLARES QUARTERLY DIVIDEND

The Board of Directors of WEC Energy has declared a quarterly cash dividend of 78 cents per share on the company's common stock.

The dividend is payable June 1, 2023, to stockholders of record on May 12, 2023. This marks the 323rd consecutive quarter — dating back to 1942 — that the company will have paid a dividend to its stockholders.