MGE Energy has reported second-quarter earnings of $21.8 million.
The company had net income of sixty cents per share. It posted revenue of $152.3 million in the period.

Utilities and renewable advocates say the projects will aid the clean energy transition, but some consumer groups have expressed concerns about the costs. Three new transmission lines that are estimated to cost around $2.2 billion will cross through Wisconsin under a large expansion approved by the Midwest grid operator that’s designed to facilitate the clean energy transition.

The Board of the Midcontinent Independent System Operator signed off on a $10.3 billion portfolio of 18 transmission projects for the Upper Midwest on July 25. The lines are expected to support 53 gigawatts of renewable energy and provide between $23 to $52 billion in benefits as utilities retire aging coal plants. Projects in Wisconsin are slated to start coming online as early as 2028.

Hot weather, a growing economy and the early retirement of coal-fired plants could mean a heightened risk of blackouts this summer, according to the nation’s electric grid watchdog.

The North American Electric Reliability Corporation (NERC) has warned that parts of the upper Midwest face a “high risk” of energy emergencies under certain conditions, such as extreme heat or unexpected generator outages.

Utilities building a controversial power line through southwest Wisconsin say supply chain issues and ongoing court battles have added more than $49 million to the price tag.

As required under the construction permit, the owners of the Cardinal-Hickory Creek line notified the Public Service Commission Friday that the cost would exceed the authorized $492 million price tag by more than ten percent. They say the total cost is now unknown.

The PSC permit does not require additional approval for price overruns. “Rising costs are presently a reality in all industries, and the Cardinal-Hickory Creek project is no exception,“ according to Alissa Braatz, a spokesperson for American Transmission Company, one of the line’s three co-owners.

Meanwhile, opponents of the line between Dubuque, Iowa, and Middleton, Wisconsin, are asking a federal appeals court to temporarily halt construction on either side of the Mississippi River while the court considers whether the line can cross the river as planned.

Wisconsin regulators have approved the sale of a shuttered nuclear plant, leaving hundreds of millions of ratepayer dollars in the hands of a private contractor. 

The Public Service Commission voted unanimously Wednesday, May 25 to allow Dominion Energy to sell the Kewaunee Nuclear Power Plant to Utah-based EnergySolutions for an undisclosed sum. EnergySolutions will also get about $835 million set aside to cover the cost of decommissioning the 49-year-old plant.

The commission rejected arguments from consumer advocates who said the deal lacked provisions that could return some $285 million to customers of Alliant Energy and Wisconsin Public Service Corporation. 

Any unused funds in the decommissioning trust are to be returned to ratepayers, but the deal doesn’t cap expenses, giving EnergySolutions discretion over how the money is spent. 

The future of nuclear energy in Wisconsin could be different than huge power plants along Lake Michigan as energy companies explore small-scale reactors which wouldn't require nearly as much water and could be operated in a wide range of locations.

Following the news that the Biden administration is preventing tariffs from being imposed on the solar industry for at least the next two years, Alliant Energy shared the following statement:

“At Alliant Energy, we’re driven by our commitment to serving customers and building stronger communities. We applaud President Biden for taking this action.

Wisconsin Public Service and We Energies are celebrating a milestone year for their popular peregrine falcon program. People around the world tuned in to the live web cameras to watch these endangered birds hatch and grow up.

This year marks 30 years since the first captive-bred peregrine falcons were released from a WPS or We Energies power plant. To celebrate the 30-year anniversary, thousands of customers voted to name this year’s chicks after the best of 1992. So far, 12 chicks have hatched and 10 have been given identification bands.

XCEL ENERGY BOARD DECLARES DIVIDEND ON COMMON STOCK
The Board of Directors of Xcel has declared a quarterly dividend on its common stock of 48.75 cents per share. The dividends are payable July 20, 2022, to shareholders of record on June 15, 2022.

Xcel Energy is a major U.S. electricity and natural gas company, with operations in 8 Western and Midwestern states. Xcel Energy provides a comprehensive portfolio of energy-related products and services to 3.7 million electricity customers and 2.1 million natural gas customers through its regulated operating companies. Company headquarters are located in Minneapolis.

Xcel Energy has been inducted into the Climate Leadership Hall of Fame for its outstanding environmental progress, having earned two Climate Leadership Awards in the past decade for industry-leading carbon reduction efforts. The company was also honored with The Hubert H. Humphrey Public Leadership Award for its groundbreaking sustainability goals in Minnesota.

“Xcel Energy’s strong track record in reducing carbon emissions is due to our ongoing commitment to delivering the cleaner energy our customers want. It’s why we’re the first U.S. energy provider to set ambitious clean energy goals across all the ways our customers use energy—electricity, heating, and transportation,” said Bob Frenzel, Chairman, President and CEO of Xcel Energy. “We’re absolutely delighted to be among the first inducted into the Climate Leadership Hall of Fame and are honored to be recognized as a national climate leader.”

Madison Gas and Electric’s latest solar array, the 8-megawatt (MW) Hermsdorf Solar Fields, is fully operational and delivering locally generated, sustainable energy to MGE's distribution grid. The project in southeast Madison provides solar energy to the City of Madison and to the Madison Metropolitan School District (MMSD) under MGE's innovative Renewable Energy Rider (RER).

"We are excited to have this solar array in service, providing carbon-free, cost-effective electricity as we continue to grow our use of renewable energy and move toward net-zero carbon electricity by 2050," said Jeff Keebler, MGE Chairman, President and CEO. "Thank you to the City of Madison and MMSD for their partnership on this project, which provides another source of locally generated clean energy and is another step toward our shared sustainability goals."

Alliant Energy is building a battery storage unit in Portage that will be able to supply power in short stretches to 5,000 homes. Battery storage units store energy from the sun as alternating current power for later use. The new 5-megawatt energy storage system in Portage will double Alliant Energy’s Midwest battery storage capacity. Alliant, like other utilities, has been piloting advances in battery storage technology. The Portage unit will be Alliant’s fourth in the state and eighth in the Midwest.

“Battery storage will ensure we continue to deliver safe, clean and reliable energy to our customers as we grow our renewable energy portfolio,” said David de Leon, President of Alliant Energy’s Wisconsin energy company. 

Wisconsin’s largest solar farm to date has been approved by state regulators, to be constructed later this year on nearly 5,000 acres of farm land in Dane County. The Koshkonong Solar Energy Center will produce enough energy to power about 80,000 homes once it's completed at the end of 2024.

The project is being developed by Invenergy, a Chicago-based developer and will later be sold to Wisconsin Electric Power Company, Wisconsin Public Service Corp. and Madison Gas and Electric Company for $649 million. The solar energy center will include 300 megawatts of solar and a 165 megawatt battery energy storage system on approximately 7 square miles of agricultural land in the towns of Christiana and Deerfield. About 3.75 square miles will be developed for the project.

As the Xcel Energy Foundation opens applications for its 2022 grant program, it’s announcing the launch of Energizing the Future. This new giving plan better aligns Xcel Energy’s business priorities to reflect diversity, equity and inclusion commitments, while creating a stronger community. The Foundation has also increased annual grant funding in 2022 to $4.4 million, from $3.8 million in 2021, for the company’s eight state service area, strengthening the company’s overall community impact.

“We’re only as strong as the communities we serve, and we see these changes as an opportunity to bring even greater value while also recognizing and reinforcing the importance of our commitment to diversity, equity and inclusion,” said Mark Stoering, president of Xcel Energy, Wisconsin and Michigan. Energizing the Future will consist of three focus areas including STEM career pathways, environmental sustainability and community vitality.

Alliant Energy and the University of Wisconsin–Madison will partner on a solar and agricultural research project to be established on university owned land just west of Lake Kegonsa.

The Board of Regents of the University of Wisconsin System has approved a request from UW–Madison to enter into a lease agreement with Alliant Energy and proceed with the development of the solar and agricultural research project at their Kegonsa Research Campus.